Last $63.07 USD
Change Today -6.41 / -9.23%
Volume 7.7M
As of 8:04 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

chicago bridge & iron co nv (CBI) Snapshot

Open
$69.46
Previous Close
$69.48
Day High
$69.47
Day Low
$61.26
52 Week High
04/4/14 - $89.22
52 Week Low
08/7/13 - $57.73
Market Cap
6.8B
Average Volume 10 Days
2.0M
EPS TTM
$4.53
Shares Outstanding
108.2M
EX-Date
06/18/14
P/E TM
13.9x
Dividend
$0.28
Dividend Yield
0.38%
Current Stock Chart for CHICAGO BRIDGE & IRON CO NV (CBI)

chicago bridge & iron co nv (CBI) Related Businessweek News

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chicago bridge & iron co nv (CBI) Details

Chicago Bridge & Iron Company N.V. provides conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management, and environmental services to customers in the energy infrastructure 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 fabrication of piping systems, process, and nuclear modules, as well as in the fabrication and erection of steel plate storage tanks and pressure vessels for the oil and gas, water and wastewater, mining, mineral processing, and power generation industries. This segment’s projects comprise ground storage and LNG tanks, pressure vessels, elevated water storage tanks, and other specialty structures, as well as fabrication of piping and structural steel, induction bending, and module prefabrication and assembly. Its Technology segment offers licensed process technologies, catalysts, specialized equipment, and engineered products for use in petrochemical facilities, oil refineries, and gas processing plants, as well as provides process planning and project development services, and a comprehensive program of aftermarket support. The company’s Government Solutions segment offers design-build infrastructure projects for federal, state, and local governments; design-build services for marine and transportation projects; and environmental services for government and private sector clients. Chicago Bridge & Iron Company N.V. was founded in 1889 and is headquartered in The Hague, the Netherlands.

55,900 Employees
Last Reported Date: 02/27/14
Founded in 1889

chicago bridge & iron co nv (CBI) Top Compensated Officers

Chief Executive Officer, President and Member...
Total Annual Compensation: $3.2M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $576.9K
Executive Vice President and Group President ...
Total Annual Compensation: $659.0K
Executive Vice President and Group President ...
Total Annual Compensation: $607.0K
Executive Vice President and President of Lum...
Total Annual Compensation: $602.1K
Compensation as of Fiscal Year 2013.

chicago bridge & iron co nv (CBI) Key Developments

Chicago Bridge & Iron Company N.V. Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for Second Half and Full Year of 2014

Chicago Bridge & Iron Company N.V. announced consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of $3,294,379,000 against $2,850,791,000 a year ago. The increase for the quarter was primarily due to net increases on large cost-reimbursable projects in the Asia-Pacific region and Colombia, and progress on large nuclear projects, all of which were included in Engineering, Construction and Maintenance operating group, or EC&M. Income before taxes was $240,013,000 against $166,673,000 a year ago. Net income was $167,066,000 against $119,700,000 a year ago. Net income attributable to the company was $142,404,000 against $106,043,000 a year ago. Diluted net income attributable per share to the company was $1.31 against $0.98 a year ago. Adjusted income from operations was $269,748,000 against $195,396,000 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. For the six months, the company reported revenue of $6,222,511,000 against $5,102,220,000 a year ago. Income before taxes was $385,669,000 against $232,312,000 a year ago. Net income was $269,812,000 against $162,572,000 a year ago. Net income attributable to the company was $231,355,000 against $139,651,000 a year ago. Diluted net income attributable per share to the company was $2.12 against $1.32 a year ago. Adjusted income from operations was $440,298,000 against $343,166,000 a year ago. Adjusted net income attributable to the company was $242,754,000 against $197,177,000 a year ago. Diluted adjusted net income per share attributable to the company was $2.23 against $1.86 a year ago. Cash flows used in operating activities was $374,363,000 against $300,742,000 a year ago. During the first half of the year, the company invested $58 million in CapEx. For 2014, the company expects revenue to be in the range of $12.6 billion to $13.2 billion. The company expects S&A as a percentage of revenue to be approximately 3.3%. The company also expects full year tax rate to approximate 31%, reflecting the changing geographic mix for taxable income to higher tax rate jurisdictions in 2014. Full year adjusted EPS guidance remains unchanged at $4.80 to $5.65 per diluted share. For the second half of 2014, the company expects positive operating cash flows.

CB&I and Versalis Announce Agreement for New Technology Offerings

CB&I announced a cooperation agreement by which CB&I will market and provide engineering services for Versalis low density polyethylene (LDPE) and ethyl vinyl acetate copolymer (EVA) technologies in North America. CB&I will be able to offer both tubular and autoclave high pressure processes, which will enhance the range of products at Versalis' LDPE and EVA plants and add a high-quality product mix to meet any market needs. LDPE and EVA are used to produce film applications for agriculture, packaging and stretch hoods, cables, foams, hoses, injection molding and extrusion coating.

CB&I and Clariant Announce its New Ziegler-Natta Polypropylene Catalyst Production Plant

CB&I and Clariant announced its new Ziegler-Natta (ZN) polypropylene catalyst production plant in Louisville, Kentucky, is on schedule to begin production in 2015. The plant is part of a long-term strategic partnership between Clariant's Catalysts business unit and CB&I's Lummus Novolen Technology business. The facility will combine innovative catalysts - jointly developed by both companies with high-capacity output to serve the fast growing polypropylene industry. The partnership strengthens both companies' position in polypropylene catalyst and technology by leveraging Clariant's catalyst research and development and production know-how together with CB&I's vast knowledge in catalyst, process design and licensing of polypropylene plants. As a result of the intensive joint efforts from research and development teams of Clariant and CB&I, a series of new ZN polypropylene catalysts to be produced in the Louisville plant has been developed recently. The PolyMax and NHP (Novolen High Performance) catalyst series with merged and improved technical and commercial features from both Clariant's and CB&I's research and development pipelines is a drop-in catalyst based on a 'one-for-all' solution. Both series are currently being tested in several commercial polypropylene plants demonstrating outstanding performance.

 

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Industry Analysis

CBI

Industry Average

Valuation CBI Industry Range
Price/Earnings 13.9x
Price/Sales 0.6x
Price/Book 2.7x
Price/Cash Flow 12.2x
TEV/Sales -- Not Meaningful
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