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Chicago Bridge & Iron Company: Cb&I Reports 2015 Third Quarter Results THE WOODLANDS, Texas,

The following excerpt is from the company's SEC filing.

$163.8 million

, on an adjusted, non-GAAP basis, or

per diluted share. Revenues for the third quarter were

$3.3 billion

, including a $290 million negative impact attributable to the translation effect of the strong dollar. Net cash provided by operating activities during the third quarter was

$21 million

. New awards for the third quarter were

$4 billion

, with new awards for the first nine months of 2015 approaching

$10 billion

. Backl og remains fairly constant at

$29.9 billion

, including a year-to-date adverse foreign exchange impact of approximately $450 million.

"CB&I’s performance remains solid," said Philip K. Asherman, CB&I’s President and Chief Executive Officer. "Our new awards continue to emphasize the benefit of our strong competitive positioning, integrated delivery platform, selectivity and healthy underpinning. We are confident in our ability to convert major prospects into new backlog in the fourth quarter of 2015 and in 2016, while sustaining robust margins and maximizing operating cash flow performance."

Significant new awards for the third quarter 2015 included engineering, procurement and construction for petrochemical facilities and a chemicals plant in the U.S., fabrication awards for low-temperature tanks and spheres for natural gas liquids in the U.S., technology licensing for a petrochemical plant in the U.S. and catalysts sales in North America and Africa, power plant maintenance services in the U.S., military installation fuel services for the U.S. federal government, work for the U.S. Army Corps of Engineers, chemical plant maintenance, as well as site construction for a hydrotreater in the U.S. New awards also included scope increases related to existing projects and a variety of technology and fabrication awards globally.

The tables below include a reconciliation of non-GAAP information and pro-forma financial data for the third quarter and year to date to illustrate financial results excluding the nuclear business. Results on a GAAP basis include a non-cash after-tax charge of

$904 million

resulting from the company’s recently announced divestment of its nuclear construction business.

Earnings Conference Call

CB&I will host a webcast on November 5 at 4:00 p.m. Central time (5:00 p.m. Eastern time) to discuss financial and operating results and answer questions from investors. The webcast will be available on the Investor Relations page of www.cbi.com.

About CB&I

CB&I (NYSE:CBI) is the most complete energy infrastructure focused company in the world. With 125 years of experience and the expertise of approximately 54,000 employees, CB&I provides reliable solutions while maintaining a relentless focus on safety and an uncompromising standard of quality. For more information, visit www.cbi.com.

Important Information For Investors And Shareholders

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements regarding CB&I and represents our expectations and beliefs concerning future events. These forward-looking statements are intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties. When considering any statements that are predictive in nature, depend upon or refer to future events or conditions, or use or contain words, terms, phrases or expressions such as "achieve," "forecast," "plan," "propose," "strategy," "envision," "hope," "will," "continue," "potential," "expect," "believe," "anticipate," "project," "estimate," "predict," "intend," "should," "could," "may," "might" or similar forward-looking statements, we refer you to the cautionary statements concerning risk factors and "Forward-Looking Statements" described under "Risk Factors" in Item 1A of our Annual Report filed on Form 10-K filed with the SEC for the year ended December 31, 2014, and any updates to those risk factors or "Forward-Looking Statements" included in our subsequent Quarterly Reports on Form 10-Q filed with the SEC, which cautionary statements are incorporated herein by reference.

Chicago Bridge & Iron Company N.V.

Reconciliation of Non-GAAP Supplemental Information

(in thousands, except per share data)

Three Months

Nine Months

Ended September 30,

Adjusted income from...


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