ST. LOUIS--(BUSINESS WIRE)--

Aegion Corporation (Nasdaq Global Select Market: AEGN) announced today that it will review with investors tomorrow its long-term strategic plan. In his comments on tomorrow’s conference call, Charles R. Gordon, President and Chief Executive Officer, will discuss how Aegion is poised to generate revenue growth, operating margin expansion and earnings per share growth over the next three years.

“Aegion’s long-term strategy is to create stable and sustainable growth from its innovative technologies and services dedicated to pipeline infrastructure,” Mr. Gordon said. “Over the last two years, we have taken multiple actions to increase focus in our core markets, while integrating our operations to create a stronger customer-focused company. Going forward, expected favorable fundamentals in the North American municipal pipeline rehabilitation and midstream pipeline protection markets provide a strong foundation to leverage our competitive advantages, including vertical integration, a large direct sales force, proven field operations and our ability to bring new and innovative solutions to market. We believe our strategy will enable us to advance our leadership position in these markets to provide customers with cost effective, life-cycle solutions for pipeline infrastructure, which in turn can increase shareholder value.”

Long-term Strategy

Infrastructure Solutions

Infrastructure Solutions is a leading provider of trenchless water and wastewater pipeline rehabilitation services using Insituform® CIPP, Tyfo® Fibrwrap® and Fusible PVC® technologies. Through vertical integration and extensive experience, Infrastructure Solutions has market leading experience and is a trusted and valued partner to its customers. The long-term strategy for Infrastructure Solutions includes:

• Expanding wastewater CIPP contract installation operations in targeted regions in North America and in select international markets.
• Increasing market penetration in the North American pressure pipe rehabilitation market by using a dedicated sales force to market a broad portfolio of rehabilitation technologies.
• Expanding third-party product sales.
• Introducing new technologies to provide customers with additional pipeline rehabilitation solutions.
• Increasing productivity by lowering costs across the value chain and continuously improving operating efficiency.

Aging and degrading water and wastewater pipeline infrastructure creates the need for long-term municipal investments to rehabilitate existing wastewater and water pipelines.

Corrosion Protection

Corrosion Protection is a leading provider of pipeline corrosion protection technologies and services including cathodic protection, linings and pipe coatings in the oil & gas industry. The long-term strategy for Corrosion Protection includes:

• Commercializing a proprietary asset integrity management program to advance Aegion’s current leadership position through stronger customer engagement for pipeline corrosion inspection services.
• Diversifying into non-energy markets such as municipal, high voltage alternating current pipeline corrosion mitigation and downstream corrosion prevention services.
• Positioning existing lining and coating technologies to participate in the expected modest recovery of the upstream oil & gas market.

Over one million miles of regulated oil & gas pipelines in North America require protective maintenance services because of growing regulations and the high consequence of pipeline failures.

Energy Services

Energy Services is a leading provider of downstream refinery maintenance, turnaround support and safety services. Today, Energy Services is the lead maintenance provider in 11 out of 15 refinery facilities in its core market on the West Coast of the United States. The long-term strategy for Energy Services includes:

• Expanding existing West Coast downstream customer relationships in areas such as mechanical maintenance, turnaround support, electrical and instrumentation maintenance and safety services.
• Meeting the needs of its clients to provide trade union, craft union or non-union skilled labor services.
• Diversifying into other industrial services such as pipelines and terminals, chemical and power generation.

The United States West Coast is a large market for refining crude oil into commercial products. Refineries require high-quality maintenance and safety services to maintain peak operating efficiencies.

Aegion will host a conference call on October 4, 2016 at 9:30 a.m. Eastern Daylight Time. Please access the conference call webcast at http://www.aegion.com/Investors/Webcasts 10 to 15 minutes before the scheduled start time.

About Aegion (NASDAQ: AEGN)

Aegion combines innovative technologies with market-leading expertise to maintain, rehabilitate and strengthen infrastructure around the world. Since 1971, the Company has played a pioneering role in finding transformational solutions to rehabilitate aging infrastructure, primarily pipelines in the wastewater, water, energy, mining and refining industries. Aegion also maintains the efficient operation of refineries and other industrial facilities and provides innovative solutions for the strengthening of buildings, bridges and other structures. Aegion is committed to Stronger. Safer. Infrastructure.®

Forward-Looking Statements

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. Aegion’s forward-looking statements in this news release represent its beliefs or expectations about future events or financial performance. These forward-looking statements are based on information currently available to Aegion and on management’s beliefs, assumptions, estimates or projections and are not guarantees of future events or results. When used in this document, the words “anticipate,” “estimate,” “believe,” “plan,” “intend, “may,” “will” and similar expressions are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. Such statements are subject to known and unknown risks, uncertainties and assumptions, including those referred to in the “Risk Factors” section of Aegion’s Annual Report on Form 10-K for the year ended December 31, 2015, as filed with the Securities and Exchange Commission on February 29, 2016, and in subsequently filed documents. In light of these risks, uncertainties and assumptions, the forward-looking events may not occur. In addition, Aegion’s actual results may vary materially from those anticipated, estimated, suggested or projected. Except as required by law, Aegion does not assume a duty to update forward-looking statements, whether as a result of new information, future events or otherwise. Investors should, however, review additional disclosures made by Aegion from time to time in Aegion’s filings with the Securities and Exchange Commission. Please use caution and do not place reliance on forward-looking statements. All forward-looking statements made by Aegion in this news release are qualified by these cautionary statements.

Aegion®, Fibrwrap®, Fusible PVC®, Insituform®, Tite Liner® and Tyfo® and the associated logo are the registered trademarks of Aegion Corporation and its affiliates.

(AEGN-GEN)

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