CB&I reported net income for the first quarter of $33.6 million or $0.32 per diluted share, including the after tax impact of acquisition-related costs of $51.2 million, or $0.50 per diluted share. Revenue for the first quarter of 2013 was $2.3 billion with new awards of $1.9 billion resulting in a backlog of $25.5 billion. [...]
CB&I said it has been awarded a contract valued in excess of US$80 million by JKC Australia LNG Pty Ltd. The scope of work includes the engineering, procurement, construction and pre-commissioning for non-cryogenic storage tanks for the Ichthys Project LNG facilities in Darwin, Northern Territory, Australia. “We are pleased to continue our relationship with JKC [...]
March 25, 2013 | Posted in
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CB&I said that it has been awarded a contract valued in excess of US$180 million for the engineering, procurement, construction and commissioning work for LNG storage tanks on a project in Asia. Project completion is scheduled for 2015. CB&I is the most complete energy infrastructure focused company in the world and a major provider of [...]
March 18, 2013 | Posted in
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CB&I reported net income for the fourth quarter of $89.6 million, or $0.91 per diluted share, versus $70.5 million or $0.70 per diluted share in the fourth quarter of 2011. Revenue for the quarter was $1.5 billion, with new awards of $2.9 billion. For the full-year, net income was $301.7 million, or $3.07 per diluted [...]
CB&I announced two executive management appointments: Patrick K. Mullen, 48, has been promoted to the position of Executive Vice President, Corporate Development; Luke V. Scorsone, 57, has been promoted to the position of Executive Vice President and Group President of Fabrication Services. Mullen has more than 25 years of experience in strategic planning, sales, marketing, [...]
CB&I said that it has completed the acquisition of The Shaw Group. CB&I and Shaw shareholders approved the transaction in December 2012. “We are extremely pleased that the transaction to acquire Shaw is officially complete and we thank the shareholders for their support,” said Philip K. Asherman, President and CEO of CB&I. “With the close [...]
CB&I announced that it has been awarded a contract in excess of US$175 million by DONG Oil Pipe A/S for the engineering, procurement and construction services of the DO Hejre Crude Stabilization Project at the DONG Oil Pipe Oil Terminal in Fredericia, Denmark. This is a fourth quarter 2012 award. “This project builds on the [...]
January 22, 2013 | Posted in
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CB&I announced that it has been awarded a contract, valued at approximately US$550 million, by Esso Australia Resources Pty Ltd. for work at its Longford, Victoria, Australia site. CB&I’s work scope includes the engineering, procurement, fabrication, and construction of the Longford Gas Conditioning Plant, which is designed to handle 400 million cubic feet per day [...]
December 24, 2012 | Posted in
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CB&I announced that at the Company’s special meeting of shareholders held on December 18, 2012, CB&I shareholders approved the proposal related to the acquisition of Shaw Group by CB&I. The certified results indicate that over 90% of the shares voting at the special meeting were voted in favor of the acquisition proposal. A majority of [...]
CB&I reported net income of $80.2 million for the third quarter of 2012, compared with $72.2 million in the third quarter of 2011. Revenue for the quarter was $1.4 billion, up from $1.3 billion over the comparable period. New awards for the quarter totaled $930 million, and the company’s backlog at the end of the [...]
