Last $6.75 USD
Change Today +0.02 / 0.30%
Volume 3.1K
As of 8:10 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

american electric technologi (AETI) Snapshot

Open
$6.74
Previous Close
$6.73
Day High
$6.75
Day Low
$6.72
52 Week High
01/16/14 - $11.21
52 Week Low
05/12/14 - $5.67
Market Cap
55.2M
Average Volume 10 Days
12.4K
EPS TTM
$0.34
Shares Outstanding
8.2M
EX-Date
--
P/E TM
19.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for AMERICAN ELECTRIC TECHNOLOGI (AETI)

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american electric technologi (AETI) Details

American Electric Technologies, Inc. provides power delivery solutions to the energy industry in the United States and internationally. It operates in three segments: Technical Products and Services (TP&S), Electrical and Instrumentation Construction (E&I), and American Access Technologies (AAT). The TP&S segment designs, manufactures, markets, and provides low and medium voltage switchgears, generator control and distribution switchgears, motor control centers, powerhouses, bus ducts, variable frequency AC drives, variable speed DC drives, program logic control based automation systems, human machine interface, and specialty panels to distribute the flow of electricity and protect electrical equipment, such as motors, transformers, and cables. It also offers services, such as electrical equipment retrofits, upgrades, start-ups, testing, and troubleshooting of substations, switchgear, drives, and control systems. The E&I segment provides electrical and instrumentation construction and installation services to land and marine based markets of the oil and gas, and other commercial and industrial markets. Its services include electrical and instrumentation turnarounds, maintenance, renovation, and new construction; and marine based oil and gas services, such as electrical system rig-ups, modifications, and start-ups, as well as testing for vessels, drilling rigs, and production modules. The AAT segment manufactures and markets zone cabling and wireless telecommunication enclosures, and formed metals products; operates a precision sheet metal fabrication and assembly operation; and provides services, such as precision computer numerical controlled stamping, bending, assembling, painting, powder coating, and silk screening to engineering, technology, and electronics companies. The company is headquartered in Houston, Texas.

american electric technologi (AETI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $275.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $189.4K
Chief Technology Officer and Senior Vice Pres...
Total Annual Compensation: $199.5K
Senior Vice President and President of M&I El...
Total Annual Compensation: $199.5K
Principal Accounting Officer and Controller
Total Annual Compensation: $140.0K
Compensation as of Fiscal Year 2013.

american electric technologi (AETI) Key Developments

American Access Technologies' Strategic Review Process Completes

American Electric Technologies, Inc (NasdaqCM:AETI) has completed its strategic review of American Access Technologies Inc. and is currently engaged in negotiations to sell the business to an unnamed party. American Electric Technologies, Inc expects to complete the sale later in 2014.

American Electric Technologies, Inc Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

American Electric Technologies Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported consolidated revenue from continuing operations of $13.4 million compared to $13.499 million, essentially unchanged from second quarter of 2013 but down 15% from the $15.8 million of revenue in first quarter of 2014. Consolidated operating income from continuing operations was $0.2 million, down 67% versus the $0.5 million in second quarter of 2013 and down 70% versus $0.5 million in first quarter of 2014. Net income from continuing operations was $1.1 million or $0.11 per fully diluted share, compared to $1.2 million or $0.12 per fully diluted share in second quarter of 2013 and $0.8 million or $0.09 per fully diluted share in first quarter of 2014. Net income attributable to common shareholders was a loss of $1.4 million or $0.17 per fully diluted share, compared to income of $1.1 million or $0.12 per fully diluted share in second quarter of 2013 and income of $0.5 million or $0.06 per fully diluted share in first quarter of 2014. Earnings before interest, taxes, depreciation and amortization (EBITDA) from continuing operations were $1.2 million compared to $1.724 million, a 30% decline over the same period in 2013 and up 22% from first quarter of 2014. Continuing operations income before income taxes was $1.062 million against $1.588 million a year ago. The company spent $1.9 million during the quarter on capital expenditures, $1.5 million of which related to the Beaumont expansion. For the six months, the company's revenue from continuing operations was $29.3 million compared to $26.507 million, up 10% versus the first half of 2013. This revenue growth came primarily from revenues from the company's Technical Products and Services (TP&S) segment, which was up 21% versus first half 2013, while revenue from the company's E&I construction segment was down 35%. Consolidated operating income from continuing operations was $0.6 million, compared with $1.1 million for the first half of 2013. Net income from continuing operations was $1.9 million, down from the $3.0 million in the first half of 2013. Net income attributable to common shareholders was a loss of $0.9 million or $0.11 per fully diluted share as compared to income of $2.7 million or $0.31 per fully diluted share for the first six months of 2013. EBITDA of $2.2 million compared to $3.9 million in the first half of 2013. The changes in EBITDA are primarily the result of changes in the equity income from the company's joint ventures. Continuing operations income before income taxes was $1.910 million against $3.656 million a year ago. Total capital expenditures year-to-date of $3.6 million.

American Electric Technologies, Inc to Report Q2, 2014 Results on Aug 13, 2014

American Electric Technologies, Inc announced that they will report Q2, 2014 results at 12:00 PM, GMT Standard Time on Aug 13, 2014

 

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