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American Electric Technologies (AETI) RSS Feed

Followers
5
Posters
64
Posts (Today)
0
Posts (Total)
368
Created
07/18/07
Type
Free
Moderators



AETI
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
http://aeti.com/
http://www.mielectric.com/
http://www.aeti.com/about/documents/AETI_investor_overview_presentation_2008.pdf  (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
 
Notable:
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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AETI Latest News
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