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American Electric Technologies (AETI)

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Last Post: 1/5/2017 11:30:06 PM - Followers: 1 - Board type: Free - Posts Today: 0

American Electric Technologies, Inc. (AETI) (formerly M&I® Electric Industries, Inc.) is the premium global supplier of power delivery products and services to the traditional and alternative energy industries. For more than 60 years, the company has delivered high quality, electric products and services to the Gulf Coast oil and gas industries, including land and offshore drilling companies and production operators. AETI's equipment is certified by the highest domestic and international regulatory certification standards.

AETI's customers include worldwide offshore companies in the oil and gas exploration, drilling, production, pipelines, shipbuilding, oil refineries, petrochemicals, power generation, and steel industries in the Gulf Coast area. The company has delivered more than 10,000 power delivery systems to companies in these industries, including Diamond Offshore, Transocean, Global Santa Fe, Williams, Noble Drilling and Ensco to name a few. With facilities located in Texas (Houston and Beaumont), Mississippi, Singapore and China, AETI is uniquely qualified to serve global power distribution and control needs. Combining custom-designed product and service businesses, the company provides complete, single-source turnkey systems and installations.

Share Structure
Float = 1.7 mil
Outstanding = 7.7 mil
Authorized = 50 mil

Relevant Websites  (Investor Presentation)

Outlook for 2008
"The company’s backlogs in its TP&S and E&I Construction segments are at historical highs and with a return to expected margins combined with improved profitability at AAT and continued growth by the Chinese joint venture, the company is optimistic that 2008 operating results will be substantially improved over 2007. Although AETI is concerned about an apparent slowdown in the U.S. economy generally, most of our product and service demand relates to meeting increased global energy demand which we do not foresee abating in the near future. A signficant portion of the company's anticipated sales and income relate to foreign energy activity, particularly in Canada, the Mideast and Asia."

First quarter 2008 AETI earned $0.03. CEO says “I expect our operating margin to improve from current levels… We concluded 2007 having set a company record with a backlog of $34 million… We expect to set a company record for sales in 2008… We also expect our earnings before taxes to return to the 2005-2006 levels of 5-8% of revenue by mid-year 2008.”
Current revenue run rate for 2008 = $67 mil. 
Back half of 2008 EPS estimates =
 low end = $0.22 per 6 months...........average of $0.11 per quarter
high end = $0.35 per 6 months...........average of $0.17 per quarter
June 2, 2008: AETI Enters Wind Energy Market
AETI Announces West Texas Construction Operations
The company announced it is furthering its commitment to the wind energy industry with the addition of seasoned electrical infrastructure construction veteran, Gary Collins. Serving as the company's new wind farm construction manager, Collins will be responsible for strengthening AETI's wind energy construction operations and will operate from Midland, Texas.
"AETI is excited to have Gary Collins join our wind energy team. His more than 10 years of wind farm construction expertise, coupled with our ability to provide a complete set of wind power solutions and maintenance services, will allow us to comprehensively address the fast growing West Texas wind farm market," Dauber said.
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Current Price
Bid Ask Day's Range
AETI News: Annual Report (10-k) 03/28/2017 03:01:56 PM
AETI News: AETI Announces Q4 and FY2016 Results 03/28/2017 07:00:00 AM
AETI News: Current Report Filing (8-k) 03/27/2017 09:57:31 AM
AETI News: Proxy Statement (definitive) (def 14a) 03/27/2017 08:11:49 AM
AETI News: American Electric Technologies to Report Fourth Quarter 2016 Results 03/23/2017 06:00:00 PM
#101   the recorded quarterly conference call was very good snakess 01/05/17 11:30:06 PM
#100   For a little bit of insight; that was learning curve 01/05/17 11:24:55 PM
#99   new recommendation on aeti from noted financial pub snakess 01/04/17 12:32:33 PM
#98   What's in store? Shareholder meeting topics? learning curve 11/04/16 12:57:18 AM
#97   I'm the guy who just took $5k from learning curve 09/22/16 11:05:55 PM
#96   $AETI Daily and Weekly Charts For Review http: $Pistol Pete$ 02/24/16 07:39:56 PM
#95   also taking a look at aeti - seems WealthMaster 03/12/14 10:35:19 AM
#94   AETI: AETI Announces 395% Increase in First Quarter ospreyeye 05/08/13 01:31:33 AM
#93   AETI Cloud Chart: Gap Alert on Massive Vol. ospreyeye 05/08/13 01:29:19 AM
#92   <<< $AETI Links! >>> ~ MAC's Quick DD Penny Roger$ 03/21/12 03:26:29 AM
#91   ~ Wednesday! $AETI ~ Earnings posted, pending or Penny Roger$ 03/21/12 03:25:13 AM
#90   bounced off of 4 but... OldPro 09/06/08 03:11:39 PM
#89   wasn't to thrilled to see... OldPro 08/15/08 08:22:43 PM
#88   Yes, pretty recent; maybe 1 month ago. steeledge 07/25/08 06:58:08 PM
#87   is that from recent contact??? OldPro 07/25/08 03:59:08 PM
#86   oldpro - AETI mgmt tells me ~1.7M in steeledge 07/25/08 03:32:05 PM
#85   Texas oilman urges fast track for wind power OldPro 07/24/08 07:01:59 AM
#84   "Based on the most recent two quarters, AETI OldPro 07/23/08 09:19:34 PM
#83   AETI hints at significantly increasing…. OldPro 07/23/08 09:05:33 PM
#82   record revenue, record backlog - but no... OldPro 07/23/08 08:52:37 PM
#81   wind projects probably a ways out... OldPro 07/23/08 06:23:06 PM
#80   some price support above $5... OldPro 07/23/08 06:20:57 PM
#79   weren't the cost overuns... OldPro 07/22/08 10:35:39 PM
#78   AETI Enters Wind Energy Market, Uncovers Power Infrastructure Risks steeledge 06/02/08 06:36:34 PM
#77   Will AETI insiders take the company private again? chillpilldudes 01/09/08 03:42:40 PM
#76   All very good points. Phil(Hot Rod Chevy) 12/18/07 11:42:42 AM
#75   Only down a nickel because there is no chillpilldudes 12/18/07 11:19:52 AM
#74   Only down a nickle. Phil(Hot Rod Chevy) 12/18/07 10:57:39 AM
#73   Nah- I'll wait until it comes back up timhyma 12/18/07 06:02:23 AM
#72   Holy Moly Tim, Phil(Hot Rod Chevy) 12/18/07 12:51:17 AM
#71   American Electric Sees 4Q Loss On 16c/Shr Chg griff100 12/17/07 05:13:21 PM
#70   American Electric Technologies Completes Power Retrofit for Hornbeck's BSWB 10/09/07 10:57:46 AM
#69   Link to Annual report: BSWB 10/09/07 08:53:45 AM
#68   American Electric Technologies Issues 2006 Annual Report and BSWB 10/08/07 12:56:37 PM
#67   Management Team BSWB 09/27/07 10:57:54 AM
#66   AETI Story BSWB 09/27/07 10:55:43 AM
#65   5:39PM Williams Pipeline Partners L.P. files registration statement timhyma 09/12/07 06:50:39 PM
#64   American Electric Technologies to Power Williams' Pipeline BSWB 09/12/07 11:47:02 AM
#63   Form 8-K for AMERICAN ELECTRIC TECHNOLOGIES INC BSWB 09/12/07 11:46:03 AM
#62   Give it a couple more quarters, and once timhyma 09/07/07 09:24:59 PM
#61   It's a lot harder to go short than Phil(Hot Rod Chevy) 09/07/07 08:28:11 PM
#60   I tried to short some a while back griff100 09/07/07 08:15:14 PM
#59   Wish I had sold this short @ $10. Phil(Hot Rod Chevy) 09/07/07 07:55:23 PM
#58   American Electric Technologies Accelerates Penetration of E&I Construction Marke BSWB 08/30/07 10:23:35 AM
#57   American Electric Technologies Announces 2007 Stockholders Meeting Date BSWB 08/30/07 10:21:18 AM
#56   Still holding my 100 shares Phil(Hot Rod Chevy) 08/23/07 07:17:12 AM
#55   Yea, but the earnings report was underwhelming, lol. timhyma 08/23/07 07:08:35 AM
#54   I was fairly confident you could buy back Phil(Hot Rod Chevy) 08/22/07 10:08:15 PM
#53   P/E eval comes to $6, imo. timhyma 08/17/07 06:35:30 AM
#52   Out for now...not too thrilled w/ the .10 steeledge 08/14/07 02:46:50 PM