|
|
Article: CB&I Reports Third Quarter 2009 Results.(Financial report)
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
CB&I (NYSE: CBI) reported net income of $40.8 million, or $0.42 per diluted share, for the third quarter of 2009, compared with $8.6 million, or $0.09 per diluted share, in the third quarter of 2008. Revenue for the quarter was $1.0 billion compared with third quarter 2008 revenue of $1.6 billion.
New awards for the third quarter totaled $1.6 billion, including CB&I's $550 million Gorgon LNG contract in Australia and the $530 million GASCO award in Abu Dhabi.
Cash and cash equivalents increased to $212.0 million as of September 30, up from $88.2 million at year-end 2008.
"We are pleased with the third quarter results and the diverse number of ...