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Last $43.75 USD
Change Today +0.49 / 1.13%
Volume 2.0M
CBI On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

chicago bridge & iron co nv (CBI) Key Developments

CB&I Announces Rapid Disaster Infrastructure Response Contract with U.S. Army Corps of Engineers

CB&I announced it has been awarded a contract valued at approximately $60 million for the U.S. Army Corps of Engineers, Omaha District, Rapid Disaster Infrastructure Response Program. CB&I's scope of work includes flood control, water diversion projects and channel alignments resulting from time-sensitive natural or man-made disasters throughout the U.S.

Jeff Lyash Leaves his Job as President of Chicago Bridge & Iron's Power Business Unit

Jeff Lyash is leaving his job as president of Chicago Bridge & Iron's power business unit in Charlotte to become CEO of Ontario Power Generation, effective August 21.

Chicago Bridge & Iron Company N.V. Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Full Year of 2015

Chicago Bridge & Iron Company N.V. announced consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of $3,207,113,000 against $3,294,379,000 a year ago, which was unfavorably impacted by $240 million due to the strengthening of the U.S. dollar versus prior year. On a constant-currency basis, revenue was up 5% versus the prior year quarter. Income from operations was $284,107,000 against $260,211,000 a year ago. Income before taxes was $265,177,000 against $240,013,000 a year ago. Net income attributable to the company was $169,515,000 against $142,404,000 a year ago. Diluted net income attributable per share to the company was $1.55 against $1.31 a year ago. Adjusted income from operations was $269,748,000 against $269,748,000 a year ago. Adjusted net income attributable to the company was $148,317,000 against $112,321,000 a year ago. Diluted adjusted net income per share attributable to the company was $1.36 against $1.04 a year ago. The company generated positive net operating cash flows of $95 million, representing an improvement of $320 million and net operating cash from the comparable period in 2014. For the six months, the company reported revenue of $6,332,858,000 against $6,222,511,000 a year ago, a 2% increase year-over-year despite continued negative headwinds associated with foreign exchange fluctuations. Income from operations was $530,905,000 against $422,694,000 a year ago. Income before taxes was $491,737,000 against $385,669,000 a year ago. Net income attributable to the company was $301,743,000 against $231,355,000 a year ago. Diluted net income attributable per share to the company was $2.76 against $2.12 a year ago. Cash flows used in operating activities was $194,704,000 against $374,363,000 a year ago. Capital expenditures were $63,717,000 against $58,179,000 a year ago. For the full year of 2015, revenue, on a constant-currency basis, is expected to be at the lower end of guided range of $14.4 billion to $15.2 billion. The company expects 2015 earnings per share performance to be within range of $5.55 to $6.05, and continues to expect cash flow from operating activities to approximate earnings for the full year.

CB&I Wins Contract for Approximately $60 Million to Provide Maintenance Services

CB&I announced it has been awarded a contract for approximately $60 million by a major energy company to provide maintenance services for three separate oil sands facilities in Alberta, Canada.

CB&I Wins Contract for Louisiana Refinery

CB&I announced it has been awarded a contract valued in excess of $100 million by a major energy company for a Tier 3 clean fuels project. The scope of work at the refinery in Louisiana includes detailed engineering, procurement, module fabrication and site construction of a naptha hydrotreater and a revamp of an existing gasoline selective hydrotreater, which uses CB&I's CDHydro /CDHDS technology.

 

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CBI

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Valuation CBI Industry Range
Price/Earnings 7.8x
Price/Sales 0.4x
Price/Book 1.6x
Price/Cash Flow 6.9x
TEV/Sales 0.1x
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