Infrastructure and Energy Alternatives, Inc.

IEA

US45686J1043

Infrastructure and Energy Alternatives, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022

August 04, 2022 at 04:39 pm EDT

Infrastructure and Energy Alternatives, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 680.6 million compared to USD 560.15 million a year ago. Net income was USD 16.97 million compared to USD 4.7 million a year ago. Basic earnings per share from continuing operations was USD 0.35 compared to USD 0.13 a year ago. Diluted earnings per share from continuing operations was USD 0.31 compared to USD 0.12 a year ago.
For the six months, sales was USD 1,040.69 million compared to USD 836.56 million a year ago. Net loss was USD 10.1 million compared to USD 15.74 million a year ago. Basic loss per share from continuing operations was USD 0.21 compared to USD 0.72 a year ago. Diluted loss per share from continuing operations was USD 0.21 compared to USD 0.72 a year ago.

Latest news about Infrastructure and Energy Alternatives, Inc.

Infrastructure and Energy Alternatives, Inc.(NasdaqCM:IEA) dropped from S&P Global BMI Index	22-10-10	CI
Infrastructure and Energy Alternatives, Inc.(NasdaqCM:IEA) dropped from S&P TMI Index	22-10-10	CI
Infrastructure and Energy Alternatives, Inc. Announces Board Changes	22-10-07	CI
MasTec Completes Acquisition of Infrastructure and Energy Alternatives	22-10-07	MT
Infrastructure and Energy Alternatives, Inc.(NasdaqCM:IEA) dropped from NASDAQ Composite Index	22-10-07	CI
MasTec, Inc. completed the acquisition of Infrastructure and Energy Alternatives, Inc. from a group of shareholders.	22-10-06	CI
MasTec Extends Exchange Offer Deadline for Infrastructure and Energy Alternatives Notes	22-09-26	MT
Infrastructure and Energy Alternatives, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022	22-08-04	CI
Earnings Flash (IEA) INFRASTRUCTURE AND ENERGY ALTERNATIVES Posts Q2 Revenue $680.6M	22-08-04	MT
Guggenheim Downgrades Infrastructure and Energy Alternatives to Neutral From Buy; Price Target is $14	22-07-27	MT
DA Davidson Downgrades Infrastructure and Energy Alternatives to Neutral From Buy; Price Target is $14	22-07-26	MT
Stifel Cuts Infrastructure and Energy Alternatives to Hold From Buy, Price Target to $14 From $17	22-07-26	MT
Sector Update: Energy Stocks Surging with Large Jumps in Commodity Prices	22-07-25	MT
MasTec to Acquire Infrastructure and Energy Alternatives in $1.1 Billion Deal, Cuts 2022 Profit Outlook	22-07-25	MT
Sidoti Downgrades Infrastructure and Energy Alternatives to Neutral From Buy, Trims Price Target to $14 From $15	22-07-25	MT
Top Midday Gainers	22-07-25	MT
Sector Update: Energy Stocks Following Commodity Prices Higher	22-07-25	MT
Sector Update: Energy	22-07-25	MT
MasTec Shares Fall After $1.1 Billion Deal Signed to Buy Infrastructure and Energy Alternatives	22-07-25	MT
MasTec Agrees to Buy Infrastructure and Energy Alternatives in $1.1 Billion Deal	22-07-25	MT
MasTec, Inc. entered into a definitive agreement to acquire Infrastructure and Energy Alternatives, Inc. from a group of shareholders for approximately $710 million.	22-07-24	CI
Infrastructure and Energy Alternatives, Inc.(NasdaqCM:IEA) dropped from Russell 3000 Value Index	22-06-24	CI
Infrastructure and Energy Alternatives, Inc.(NasdaqCM:IEA) dropped from Russell 3000E Value Index	22-06-24	CI
Infrastructure and Energy Alternatives, Inc.(NasdaqCM:IEA) dropped from Russell 2500 Value Index	22-06-24	CI
Infrastructure and Energy Alternatives, Inc.(NasdaqCM:IEA) dropped from Russell Small Cap Comp Value Index	22-06-24	CI

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Company Profile

Infrastructure and Energy Alternatives, Inc. is a holding company. The Company operates through two segments: Renewables and Specialty Civil. The Renewables segment operates throughout the United States and specializes in providing complete engineering, procurement and construction (EPC) services for the renewable energy, traditional power and civil infrastructure industries. The Renewables segment services include the design, site development, construction, installation and restoration of infrastructure. The Renewables segment has maintained a focus on the construction of renewable power production capacity as renewable energy, particularly from wind and solar. The Specialty Civil segment operates throughout the United States and specializes in a range of services that create a diverse national platform of construction capabilities, including environmental remediation services, rail infrastructure services and heavy civil construction services.

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