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July 31, 2015 10:31 PM ET

Construction and Engineering

Company Overview of Chicago Bridge & Iron Company N.V.

Company Overview

Chicago Bridge & Iron Company N.V. provides conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management, and environmental services worldwide. The company’s Engineering, Construction and Maintenance segment offers engineering, procurement, and construction services for energy infrastructure facilities, as well as comprehensive and integrated maintenance services. Its projects include nuclear, fossil, and renewable electric generating plants for the power industry; and upstream and downstream process facilities for the oil and gas industry. The company’s Fabrication Services segment is involved in the fabri...

Prinses Beatrixlaan 35

The Hague,  2595 AK

Netherlands

Founded in 1889

54,400 Employees

Phone:

31 70 373 2010

Key Executives for Chicago Bridge & Iron Company N.V.

Chief Executive Officer, President and Member of Supervisory Board
Age: 64
Total Annual Compensation: $1.2M
Executive Vice President and Group President of Fabrication Services
Age: 59
Total Annual Compensation: $650.0K
Executive Vice President and Operating Group President of Engineering, Construction & Maintenance
Age: 50
Total Annual Compensation: $613.5K
Executive Vice President and Resident of Capital Services Operating Group
Age: 54
Total Annual Compensation: $607.0K
Executive Vice President and Operating Group President of Technology
Age: 63
Total Annual Compensation: $600.0K
Compensation as of Fiscal Year 2014.

Chicago Bridge & Iron Company N.V. Key Developments

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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