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infrastructure and energy al (IEA) Details

Infrastructure and Energy Alternatives, Inc., a diversified infrastructure construction company, provides engineering, procurement, and construction services for the renewable energy, traditional power, and civil infrastructure industries in the United States. It offers design, site development, construction, installation, and restoration of infrastructure services. The company was founded in 1947 is headquartered in Indianapolis, Indiana.

2,250 Employees
Last Reported Date: 03/14/19
Founded in 1947

infrastructure and energy al (IEA) Top Compensated Officers

CEO, President & Director
Total Annual Compensation: $473.3K
Chief Financial Officer
Total Annual Compensation: $372.3K
Executive Vice President of Wind Operations
Total Annual Compensation: $350.5K
Compensation as of Fiscal Year 2018.
infrastructure and energy al
Infrastructure and Energy Alternatives, Inc. Announces Two Wind Contract Awards in Texas Valued, Together, at $150 Million

Infrastructure and Energy Alternatives, Inc. announced two new wind energy project awards valued at approximately $150 million. One award is for construction of the Las Majadas Wind Farm in Willacy County, southern Texas. This is an approximate 272-megawatt project that is expected to provide enough energy to power up to 77,000 average Texas homes. This is equivalent to avoiding nearly 280,000 metric tons of carbon (CO2) emissions annually. The power generated by the project’s planned 125 Vestas turbines will be delivered into the Texas electrical grid. Construction on the Las Majadas project is scheduled to begin in July with full operation by October 2020. The second award is for construction of the Coyote Wind Farm in Scurry County, Texas, which is about 260 miles west of Dallas. This is an approximate 242-megawatt project, whose 59 Siemens Gamesa turbines are expected to power up to 65,500 homes. The power generated by Coyote Wind will also be delivered into the Texas electrical grid. Construction on Coyote Wind is slated to begin in July and finish in September 2020. EDF Renewables North America is the lead developer on both projects. The scope of IEA’s work on both Las Majadas and Coyote Wind will include wind turbine installation, public road maintenance and repairs, turbine access roads and MV collection system installation.

Infrastructure and Energy Alternatives, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2019, Reiterates Earnings Guidance for the Year Ending December 31, 2019

Infrastructure and Energy Alternatives, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2019. Revenue for the first quarter 2019 totaled $190.8 million, up $140.7 million, or 281%, from the first quarter of 2018. Net loss for the quarter was $22.9 million, or $1.06 per diluted share, compared to net loss of $17.4 million, or $0.81 per diluted share, for the prior-year period. Diluted share count for the first quarter of 2019 totaled 22.2 million shares compared to 21.6 million diluted shares in the prior-year period. The company is reiterating guidance for the year ending December 31, 2019 for $1.0 billion to $1.2 billion of revenues.

Infrastructure and Energy Alternatives, Inc. announced delayed 10-Q filing

On 05/13/2019, Infrastructure and Energy Alternatives, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

 

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