Chicago Bridge & Iron (CBI) Misses Q3 EPS by 9c; Guides Q4 In-Line

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CB&I Announces Third Quarter 2017 Results

October 30, 2017 4:15 PM EDT

THE WOODLANDS, Texas, Oct. 30, 2017 /PRNewswire/ -- CB&I (NYSE: CBI) today announced financial results for the third quarter of 2017.

CB&I reported net income of $10 million, or $0.10 per diluted share, in the third quarter of 2017, compared to net income of $121.8 million, or $1.20 per diluted share, in the third quarter of 2016.

Net income for the third quarter of 2017 was impacted by restructuring charges of $27 million, or $0.17 per share, related to the company's cost reduction program, and excess interest expense of... More