Chicago Bridge & Iron Tumbles in 2016 as Delays Diminish EPC Giant's Backlog
SUGAR LAND--March 3, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--Delays in several major project awards proved a headache for Chicago Bridge & Iron Company N.V. (NYSE:CBI) (The Hague, Netherlands) as it closed out 2016 with a sharp drop in revenues and earnings; in particular, the company saw revenue declines across nearly all of its segments in the fourth quarter. Nonetheless, executives are looking forward to big awards this year, as well as progress on high-value projects along the U.S. Gulf Coast. Industrial Info is tracking $62.83 billion in active projects involving CB&I.
Within this article: Details on CB&I's rough year and some of its top-ticket projects, including the Freeport LNG, Shintech, Lotte and other projects along the U.S. Gulf Coast, for which the company is providing a variety of services.
