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CB&I Announces Award for 560-Megawatt Dual-Fuel Combined-Cycle Gas Turbine Power Station

8/10/2016
THE WOODLANDS, Texas, Aug. 10, 2016 /PRNewswire/ -- CB&I (NYSE:CBI) today announced it has been awarded a contract valued at more than $350 million by a leading electric power holding company for the engineering, procurement, fabrication and construction of a 560-megawatt combined-cycle gas turbine power station located in the Southeastern United States. The project will utilize gas turbines capable of operating on a dual-fuel configuration that provides efficiency, reliability, and...

CB&I Reports Second-Quarter 2016 Financial Results

7/27/2016
THE WOODLANDS, Texas, July 27, 2016 /PRNewswire/ -- CB&I (NYSE: CBI) today reported net income of $123.8 million, or $1.17 per diluted share, for the second quarter of 2016, as compared to $169.5 million, or $1.55 per diluted share for the second quarter of 2015. On an adjusted basis, net income for the second quarter of 2015 was $125.7 million, or $1.15 per diluted share.Revenues for the second quarter of 2016 were $2.7 billion, as compared to $3.2 billion in the second quarter of 2015...

CB&I Announces Maintenance Award in Canada

7/26/2016
THE WOODLANDS, Texas, July 26, 2016 /PRNewswire/ -- CB&I (NYSE:CBI) today announced it has been awarded a five-year contract for approximately $40 million for maintenance and turnaround services for a major oil sands producer in Northern Alberta, Canada. "CB&I has long supported our customers through engineering and construction, all while maintaining a relentless focus on safety," said Chip Ray, President of CB&I's Capital Services operating group. "We are pleased to further...

CB&I Announces Maintenance Award for Renewable Energy Facilities

7/26/2016
THE WOODLANDS, Texas, July 26, 2016 /PRNewswire/ -- CB&I (NYSE:CBI) today announced it has been awarded a contract valued in excess of $50 million to provide operations, maintenance and management services for methane gas production and purification facilities at two landfills in the Northeast."CB&I is committed to delivering cost effective and strategic environmental solutions to our customer," said Chip Ray, President of CB&I's Capital Services operating group. "We are pleased...

CB&I Announces Alkylation Technology Award in Indonesia

7/25/2016
THE WOODLANDS, Texas, July 25, 2016 /PRNewswire/ -- CB&I (NYSE:CBI) today announced it has been awarded the license and engineering design of a grassroots alkylation unit by PT Pertamina (Persero). The unit will use CB&I's CDAlky® advanced sulfuric acid alkylation technology and Haldor Topsoe's WSA (Wet gas Sulfuric Acid) technology as part of the upgrade of Pertamina's Refinery Unit V in Balikpapan, East Kalimantan, Indonesia. CDAlky  is an environmentally-friendly alternative...

CB&I Schedules Conference Call and Webcast for July 27

7/13/2016
THE WOODLANDS, Texas, July 13, 2016 /PRNewswire/ -- CB&I (NYSE:CBI) will host a conference call July 27, 2016, at 4 p.m. Central time, following the release of its second quarter 2016 financial results.The webcast will be available on the Investor Relations page of www.CBI.com. Please log on to the website at least 10 minutes prior to the start of the call to register and download any necessary audio software.The conference call also can be accessed by telephone at 1-800-301-8321 (U.S...

CB&I Announces Technology and Development Contract for Residue Upgrading Complex in Sweden

6/16/2016
THE WOODLANDS, Texas, June 16, 2016 /PRNewswire/ -- CB&I (NYSE:CBI) today announced Chevron Lummus Global, a joint venture between CB&I and Chevron, has been awarded a contract by Beowulf Energy Sweden LLC, who recently signed a cooperation agreement with Preem, for the technology license and development of a residue upgrading complex in Lysekil, Sweden. The scope of the contract includes the license of Chevron Lummus Global's LC-Slurry® technology with integrated ISOCRACKING® and...

EPA Honors CB&I with Presidential Green Chemistry Challenge Award

6/14/2016
THE WOODLANDS, Texas, June 14, 2016 /PRNewswire/ -- CB&I (NYSE:CBI) today announced it has been awarded the 2016 Presidential Green Chemistry Challenge award from the U.S. Environmental Protection Agency for its AlkyClean® process technology, a solid acid catalyst alkylation technology jointly developed by CB&I, Albermarle and Neste Oil. The EPA's Presidential Green Chemistry Challenge program promotes the environmental and economic benefits of developing and using novel green...

CB&I to Participate in Investor Conferences in Boston and Chicago

6/7/2016
THE WOODLANDS, Texas, June 7, 2016 /PRNewswire/ -- CB&I (NYSE:CBI) today announced it will participate in two upcoming investor conferences.The company will meet with investors at the Citi Industrials Conference in Boston on Tuesday, June 14, 2016. Presentation materials used at the conference will be posted on the Investor Relations page of www.CBI.com.The company will present to investors at the William Blair Growth Stock Conference in Chicago on Wednesday, June 15, 2016, at 11:40 a.m...

CB&I to Participate in Two Investor Conferences

5/25/2016
THE WOODLANDS, Texas, May 25, 2016 /PRNewswire/ -- CB&I (NYSE:CBI) today announced it will participate in two upcoming investor conferences.The company will meet with investors at the KeyBanc Capital Markets Industrial, Automotive & Transportation Conference in Boston on Wednesday, June 1, 2016. Presentation materials used at the conference will be posted on the Investor Relations page of www.CBI.com.The company will present to investors at the Credit Suisse Engineering &...

CB&I Declares Interim Common Stock Dividend

5/4/2016
THE WOODLANDS, Texas, May 4, 2016 /PRNewswire/ -- CB&I (NYSE:CBI) today declared an interim dividend on common stock of $0.07 per share, payable June 30, 2016, to shareholders of record as of June 20, 2016.About CB&ICB&I (NYSE:CBI) is a leading provider of technology and infrastructure for the energy industry. With over 125 years of experience and the expertise of more than 40,000 employees, CB&I provides reliable solutions to our customers around the world while maintaining a...

CB&I Reports First Quarter Results

4/20/2016
THE WOODLANDS, Texas, April 20, 2016 /PRNewswire/ -- CB&I (NYSE:CBI) today announced first quarter 2016 net income of $107 million, or $1.01 per diluted share, compared to $132 million, or $1.21 per diluted share in the first quarter of 2015. Diluted earnings per share increased 5 percent in the first quarter of 2016 as compared to pro forma results for the comparable quarter in 2015, which exclude net income from the former nuclear construction business of $28 million, or $0.25 per...

CB&I Schedules Conference Call and Webcast for April 20

4/6/2016
THE WOODLANDS, Texas, April 6, 2016 /PRNewswire/ -- CB&I (NYSE:CBI) will host a conference call April 20, 2016, at 4 p.m. Central time, following the release of its first quarter 2016 financial results.The webcast will be available on the Investor Relations page of www.CBI.com. Please log on to the website at least 10 minutes prior to the start of the call to register and download any necessary audio software.The conference call also can be accessed by telephone at 1-800-301-8321 (U.S...

CB&I Announces Storage Tank Award in Canada

3/21/2016
THE WOODLANDS, Texas, March 21, 2016 /PRNewswire/ -- CB&I (NYSE:CBI) today announced it has been awarded a contract valued in excess of $50 million by a major energy infrastructure company for the engineering, procurement and construction of twelve storage tanks in Edmonton, Alberta, Canada. "CB&I has been providing storage tanks to this customer for many years, and we are pleased to have been chosen to provide twelve more for their crude oil storage terminal," said Luke Scorsone...

CB&I Announces Storage Tank Award in Abu Dhabi

3/1/2016
THE WOODLANDS, Texas, March 1, 2016 /PRNewswire/ -- CB&I (NYSE:CBI) today announced it has been awarded a contract for approximately $60 million with Zakum Development Company (ZADCO) for the refurbishment of two crude oil storage tanks on Zirku Island, Abu Dhabi, UAE. "CB&I is pleased to be selected again by ZADCO to refurbish storage tanks on Zirku Island," said Luke Scorsone, President of CB&I's Fabrication Services operating group. "This award builds on our long-standing...

CB&I Reports Full-Year and Fourth Quarter Results

2/25/2016
THE WOODLANDS, Texas, Feb. 25, 2016 /PRNewswire/ -- CB&I (NYSE: CBI) today reported financial results for the fourth quarter and full-year 2015. For the year, adjusted net income was $630.7 million, or $5.86 per diluted share. Adjusted operating income was in excess of $1 billion, or 8.4 percent of revenue. Revenue for the year was $13 billion, including an $890 million negative impact attributable to foreign currency translation. New awards for the year exceeded $13 billion, resulting in...

CB&I Awarded Federal Environmental Services Contract

2/22/2016
THE WOODLANDS, Texas, Feb. 22, 2016 /PRNewswire/ -- CB&I (NYSE: CBI) today announced it has been awarded a contract in excess of $90 million with the U.S. Naval Facilities Engineering Command Atlantic. CB&I will perform remedial actions at environmentally contaminated sites at military installations in the areas of responsibility covered by NAVFAC Atlantic involving Naval or Marine Corps activity."CB&I has supported U.S. Navy environmental programs for more than 20 years, working...

CB&I Declares Interim Common Stock Dividend

2/17/2016
THE WOODLANDS, Texas, Feb. 17, 2016 /PRNewswire/ -- CB&I (NYSE:CBI) today declared an interim dividend on common stock of $0.07 per share, payable March 31, 2016, to shareholders of record as of March 21, 2016.About CB&ICB&I (NYSE:CBI) is the most complete energy infrastructure focused company in the world. With 125 years of experience and the expertise of approximately 42,000 employees, CB&I provides reliable solutions while maintaining a relentless focus on safety and an...

CB&I Schedules Conference Call and Webcast for Feb. 25

2/9/2016
THE WOODLANDS, Texas, Feb. 9, 2016 /PRNewswire/ -- CB&I (NYSE:CBI) will host a conference call Feb. 25, 2016, at 4 p.m. Central time, following the release of its fourth quarter and full year 2015 financial results.The webcast will be available on the Investor Relations page of www.CBI.com. Please log on to the website at least 10 minutes prior to the start of the call to register and download any necessary audio software.The conference call also can be accessed by telephone at 1-800-301...
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$31.91
NYSE: CBI
Net Change: -$0.44 (1.36%)
Volume: 1,306,001
Aug 23, 2016 12:00 AM ET

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