Bin Failure - Possibly not their problem$1.62 blew away TD guidance of $0.56 (but that may be taking into account bin failure cost). Will post TD and Scotia comments tomorrow. (But i think TD no longer covers)
This was encouraging from the press release
The Hopper was first sold to a customer for use in a frac sand operation, a niche application. This customer purchased two Hoppers. AGI was not retained to construct and install the Hoppers. Rather, the Hoppers were constructed and installed by an independent third party. One of these two Hoppers failed during start-up of the facility. An investigation was commenced immediately and is currently ongoing. This failure prompted AGI to conduct additional and robust reviews of the Hopper design. While the cause of the failure has not yet been identified, AGI's review indicates that there were clear indications of improper construction and installation of the Hopper at this facility that led to or contributed to this failure.