Chicago Bridge & Iron (CBI) Prelim. Q1 Revenue Tops Views
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CB&I Announces Preliminary First Quarter 2018 Financial Results
April 12, 2018 6:00 AM EDTTHE WOODLANDS, Texas, April 12, 2018 /PRNewswire/ -- CB&I (NYSE: CBI) today announced preliminary financial results for the first quarter of 2018. The company expects to report:
Revenue of $1.7 billion to $1.8 billion Income from operations of $100 million to $110 million EBITDA1 of $118 million to $128 million Net income of $37 million to $43 million Fully diluted earnings per share of $0.37 to $0.43 New awards of $1.1 billion to $1.2 billion Backlog2 of $10.5 billion to $10.6 billion Net cash used in operating activities of $220 million to $240 million Total debt of $2.5... More