InvestorsHub Logo
Followers 617
Posts 93404
Boards Moderated 8
Alias Born 11/01/2006

Re: None

Thursday, 10/23/2014 4:34:04 PM

Thursday, October 23, 2014 4:34:04 PM

Post# of 1855
8-K

Year Over Year Revenue up 13% and Earnings up 37%

THE WOODLANDS, Texas, Oct. 23, 2014 /PRNewswire/ -- CB&I (NYSE: CBI) today reported adjusted net income for the third quarter of $164.7 million, or $1.51 per diluted share, excluding integration related costs of $2.8 million, or $0.03 per diluted share, up 35 percent from the third quarter 2013. In the quarter GAAP net income was $161.8 million, or $1.48 per diluted share, up 37 percent over the comparable period. Revenue for the third quarter was $3.4 billion, up from $3.0 billion, or 13 percent from the third quarter 2013. New awards for the third quarter totaled $3.0 billion, which resulted in a backlog of $30.7 billion.

IT IS WHAT IT IS.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.