UPDATE: Chicago Bridge & Iron (CBI) Tops Q2 EPS by 14c
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CB&I Reports 2015 Second Quarter Results
July 23, 2015 4:01 PM EDTTHE WOODLANDS, Texas, July 23, 2015 /PRNewswire/ -- CB&I (NYSE: CBI) today reported the second quarter resulted in strong earnings, improved cash flow and consistent operating performance. Net income for the second quarter was $169.5 million, or $1.55 per diluted share, an increase of 14 percent from adjusted net income for the comparable period in 2014. Revenues were $3.2 billion, including a $240 million negative impact attributable to the translation effect of the strong dollar. Net cash provided by operating activities during the second quarter was $95 million. New awards for the second quarter totaled $2.8 billion,... More
