) declared that its unit, Insituform Technologies, LLC, has won
an additional contract from the Metropolitan St. Louis Sewer
District (MSD), worth around $6.7 million. As per the contract,
Insituform will provide rehabilitation work with Cured-in-Place
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Insituform, a global leader in the development and installation
of proprietary technologies and services for repairing sewer,
water and other underground piping systems, will install over 34
miles of CIPPs. The project entails fixing wastewater pipelines
ranging from 8-60 inches in diameter throughout the city.
This project is part of MSD's $4.7 billion capital improvement
and replacement plan. Insituform, which has prior experience of
working with MSD, was recently awarded two contracts in April
valued at around $10.4 million. The project is expected to begin
in Sep 2013 and will be completed after 12 months.
Aegion, which belongs to the building and construction industry
Armstrong World Industries, Inc.
), reported second-quarter 2013 adjusted earnings from continuing
operations of 47 cents per share, up 57% from 30 cents in the
year-earlier quarter. The results surpassed the Zacks Consensus
Estimate of 38 cents.
For full-year 2013, Aegion revised earnings guidance in the new
range of $1.58 to $1.70. The company forecasts the second half to
grow on robust end-markets and strong market fundamentals.
Chesterfield, MO-based Aegion is a diversified building and
construction company which provides infrastructure protection,
proprietary technologies and services. It also offers services
related to the rehabilitation and improvement of sewer, water,
energy and mining piping systems.
Aegion currently carries a Zacks Rank #3 (Hold).
Other stocks in the same industry with favorable Zacks rank
CaesarStone Sdot-Yam Ltd.
) with a Zacks Rank #1 (Strong Buy) and
) with a Zacks Rank #2 (Buy).