Last $32.31 USD
Change Today +0.20 / 0.62%
Volume 215.7K
As of 11:25 AM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

foster wheeler ag (FWLT) Snapshot

Open
$32.12
Previous Close
$32.11
Day High
$32.34
Day Low
$32.12
52 Week High
07/3/14 - $34.95
52 Week Low
08/30/13 - $22.65
Market Cap
3.2B
Average Volume 10 Days
790.1K
EPS TTM
$0.99
Shares Outstanding
100.1M
EX-Date
05/8/14
P/E TM
32.7x
Dividend
--
Dividend Yield
1.24%
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.

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 Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Foster Wheeler AG announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported operating revenues of $851,767,000 compared to $863,407,000 a year ago. Income from continuing operations before income taxes was $92,929,000 compared to $82,646,000 a year ago. Income from continuing operations was $86,574,000 compared to $69,327,000 a year ago. Net income attributable the company was $85,594,000 or $0.85 per diluted share compared to $70,699,000 or $0.68 per diluted share a year ago. Net income attributable the company from continuing operations was $85,594,000 or $0.85 per diluted share compared to $68,316,000 or $0.68 per diluted share a year ago. EBITDA from continuing operations was $104,926,000 compared to $99,005,000 a year ago. Adjusted EBITDA from continuing operations was $106,135,000 compared to $85,255,000 a year ago. Adjusted net income was $86,803,000 or $0.86 per diluted share compared to $54,566,000 or $0.54 per diluted share a year ago. Results for the second quarter of 2014 include the impact of three additional items: a favorable $32.5 million, or $0.32 per diluted share, settlement in connection with the terms related to the expiration of a steam generator technology license; the benefit of $22.3 million, or $0.22 per diluted share, from the reversal of interest, penalties and tax provision as a result of settlements with non-U.S. tax authorities; and $3.9 million, or $0.03 per share, of third-party transaction costs in connection with the previously announced acquisition of Foster Wheeler by AMEC plc. Excluding the impact of these three items and the asbestos provision, income from continuing operations in the second quarter of 2014 was $35.9 million, or $0.35 per diluted share. For the six months, the company reported operating revenues of $1,585,466,000 compared to $1,653,551,000 a year ago. Income from continuing operations before income taxes was $117,587,000 compared to $107,989,000 a year ago. Income from continuing operations was $101,514,000 compared to $89,510,000 a year ago. Net income attributable the company was $102,661,000 or $1.02 per diluted share compared to $83,725,000 or $0.82 per diluted share a year ago. Net income attributable the company from continuing operations was $102,661,000 or $1.02 per diluted share compared to $85,220,000 or $0.83 per diluted share a year ago. EBITDA from continuing operations was $149,688,000 compared to $139,083,000 a year ago. Adjusted EBITDA from continuing operations was $152,905,000 compared to $127,333,000 a year ago. Adjusted net income was $105,878,000 or $1.05 per diluted share compared to $73,470,000 or $0.72 per diluted share a year ago.

Foster Wheeler Gets Tanzanian Fair Competition Commission's Approval for MDM Engineering Deal

Foster Wheeler AG has received clearance from the Tanzanian Fair Competition Commission for its proposed GBP 65.3 million cash acquisition of South African minerals process and project management firm MDM Engineering Group Ltd. Foster Wheeler has offered via unit Foster Wheeler M&M Ltd. to buy MDM's common shares at GBP 1.70 apiece, the parties said in March when the deal was announced. Under the agreement, the Foster Wheeler is also offering cash for the target's outstanding options.

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.

 

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