Last $33.39 USD
Change Today -0.23 / -0.68%
Volume 311.6K
FWLT On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

foster wheeler ag (FWLT) Snapshot

Open
$33.39
Previous Close
$33.62
Day High
$33.50
Day Low
$33.16
52 Week High
07/3/14 - $34.95
52 Week Low
07/29/13 - $19.96
Market Cap
3.3B
Average Volume 10 Days
282.9K
EPS TTM
$1.14
Shares Outstanding
100.1M
EX-Date
05/8/14
P/E TM
29.3x
Dividend
--
Dividend Yield
1.20%
Current Stock Chart for FOSTER WHEELER AG (FWLT)

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foster wheeler ag (FWLT) Details

Foster Wheeler AG, through its subsidiaries, operates in engineering and construction, as well as power generating equipment businesses worldwide. Its Global Engineering and Construction Group segment designs, engineers, and constructs onshore and offshore upstream oil and gas processing facilities; natural gas liquefaction facilities and receiving terminals; gas-to-liquids facilities; and oil refining, chemical and petrochemical, pharmaceutical, and biotechnology facilities, as well as related infrastructure, including power generation, distribution, gasification, and processing facilities for metals and mining sector. This segment also designs carbon capture and storage, and solid fuel-fired integrated gasification combined-cycle power plants, as well as coal-to-liquids, coal-to-chemicals, and biofuels facilities; and operates power generation facilities, such as conventional and renewable source, and waste-to-energy facilities. In addition, it offers project and construction management services, including procurement of equipment, materials, and services; provides environmental remediation services; and designs and supplies direct-fired furnaces comprising fired heaters and waste heat recovery generators used in refinery, chemical, petrochemical, and oil and gas processes. The company’s Global Power Group segment designs, manufactures, and installs steam generators and auxiliary equipment, including surface condensers, feedwater heaters, coal pulverizers, steam generator coils and panels, biomass gasifiers, and replacement parts; nitrogen-oxide reduction systems and components; and flue gas desulfurization equipment. This segment also offers various site services; conducts research and development in the areas of combustion, fluid and gas dynamics, heat transfer, materials, and solid mechanics; and licenses technology to other steam generator suppliers. The company was founded in 1894 and is headquartered in Reading, United Kingdom.

13,311 Employees
Last Reported Date: 02/27/14
Founded in 1894

foster wheeler ag (FWLT) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.1M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $561.0K
Chief Executive Officer of Global Power Group
Total Annual Compensation: $466.0K
Chief Executive Officer of Global Engineering...
Total Annual Compensation: $447.7K
Executive Vice President of Human Resources
Total Annual Compensation: $388.0K
Compensation as of Fiscal Year 2013.

foster wheeler ag (FWLT) Key Developments

Foster Wheeler AG's Subsidiary in Joint Venture with Taknia Libya Engineering Company Wins a Contract for Nafusah Onshore Oilfield Development in Libya

Foster Wheeler AG announced that a subsidiary of its Global Engineering and Construction Group, in joint venture with Taknia Libya Engineering Company has been awarded a front-end engineering design contract by Nafusah Oil Operations B.V. Libyan Branch for an onshore oilfield development, known as the Area 47 Development Project in Libya. Area 47 (North Hamada Field) is located in the Hamada region, approximately 200 km south of Tripoli, in the Ghadames Basin. The Foster Wheeler contract value was not disclosed and will be included in the company's second-quarter 2014 bookings. The planned development will consist of approximately 34 producing wells, including eleven existing wells and approximately 23 new wells, flow-lines and a common gathering trunk-line to transport the well fluids to the central gas oil separation facility for primary treatment. After separation, the oil and gas produced will be exported through new pipelines that will be connected into existing pipelines carrying products to the Mellitah delivery terminal, in the northwest of Libya, on the Mediterranean Sea, for export. The planned design capacity of the gas oil separation facility is 50,000 barrels per day (BPD) of oil, 90 million standard cubic feet per day of gas and associated water.

Foster Wheeler Ag Approves Amendments to Articles of Association

Foster Wheeler AG announced that its extraordinary general meeting held on July 10, 2014. At the meeting, the company's shareholders approved certain amendments to the company's Articles of Association, which will provide an exemption from the transfer restrictions and voting limitations in the case where a person who, together with its affiliates, acquires more than two-thirds of Foster Wheeler's issued and outstanding shares in a successful public tender offer.

Foster Wheeler Wins Contract for Engineering, Construction of Composite Materials Site in North Carolina

Foster Wheeler AG has won an engineering, procurement and construction management contract from Owens Corning (OC) for a new composite materials manufacturing facility in Gastonia, North Carolina. The financial terms of the contract were not disclosed. The engineering, procurement and early construction work was included in the company's first quarter bookings and the balance of the construction management scope is expected to be released later in 2014. Foster Wheeler's scope of the work is expected to be completed by the end of 2015. The plant will make non-woven products such as enhanced aesthetics, mold and fire prevention, and corrosion resistance products for the building materials market.

 

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Industry Analysis

FWLT

Industry Average

Valuation FWLT Industry Range
Price/Earnings 34.5x
Price/Sales 1.0x
Price/Book 4.3x
Price/Cash Flow 33.0x
TEV/Sales 0.8x
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