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Last $49.01 USD
Change Today -0.1468 / -0.30%
Volume 443.7K
CBI On Other Exchanges
Symbol
Exchange
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As of 10:34 AM 04/28/15 All times are local (Market data is delayed by at least 15 minutes).

chicago bridge & iron co nv (CBI) Key Developments

Chicago Bridge & Iron Company N.V. Reports Earnings Results for the First Quarter of 2015; Provides Earnings Guidance for 2015

Chicago Bridge & Iron Company N.V. reported earnings results for the first quarter of 2015. Revenues for the first quarter were $3.1 billion, an increase of $198 million or a 7% increase over the first quarter of 2014. The increase in revenues is due to progress on large U.S. nuclear projects, increased LNG activity in the U.S. and higher plant maintenance revenue. The company generated operating income of $247 million or 7.9% of revenue compared to adjusted income from operations of $171 million or 5.8% of revenue in the corresponding 2014 period. This represents a 44% increase in operating income year-over-year. Net income equaled $132 million or diluted earnings per share of $1.21 compared to adjusted net income of $94 million or diluted adjusted earnings per share of $0.87 in the first quarter of 2014, representing a 40% increase year-over-year. The company invested $29 million in capital expenditures The company expects full year effective tax rate to be between 31% to 33%. The company expects cash flows from operating activities to approximate net earnings for 2015.

CB&I to Provide Engineering Services for Afipsky Refinery Project

NefteGazIndustriya, through Maveg, has awarded a contract to CB&I to provide engineering and procurement services for the Afipsky oil refinery in Krasnodar, Russia. Under the contract, CB&I will provide early detail engineering and procurement services for multiple new process units, including a 2.5 million ton per annum hydrocracker unit licensed by Chevron Lummus Global, and hydrogen and sulfur units licensed by CB&I and other associated units. In 2014, CB&I was awarded a contract by NefteGazIndustriya to provide the technology licenses and frontend engineering and design (FEED) services for the Afipsky refinery.

CB&I Wins Contract for Afipsky Oil Refinery Project

CB&I announced it has been awarded a contract by NefteGazIndustriya, LLC to provide engineering and procurement services for the Afipsky Oil Refinery in Krasnodar, Russia. CB&I's project scope includes early detail engineering and procurement services for multiple new process units, including a 2.5 million ton per annum hydrocracker unit licensed by Chevron Lummus Global as well as hydrogen and sulfur units licensed by CB&I and other associated units. CB&I previously announced it is providing technology and FEED services.

Chicago Bridge & Iron Company N.V. to Report Q1, 2015 Results on Apr 23, 2015

Chicago Bridge & Iron Company N.V. announced that they will report Q1, 2015 results at 4:00 PM, Central Standard Time on Apr 23, 2015

Chicago Bridge & Iron Company N.V., Q1 2015 Earnings Call, Apr 23, 2015

Chicago Bridge & Iron Company N.V., Q1 2015 Earnings Call, Apr 23, 2015

 

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CBI

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Valuation CBI Industry Range
Price/Earnings 9.1x
Price/Sales 0.4x
Price/Book 1.9x
Price/Cash Flow 8.1x
TEV/Sales 0.2x
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