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| Foster Wheeler reports 3Q 2010 results Engineering and construction contractor Foster Wheeler AG reported net income for the third quarter of 2010 of $51.7 million, or $0.41 per diluted share, compared with $90.0 million, or $0.71 per diluted share, in the third quarter of 2009. Net income in both quarterly periods was impacted by items as detailed in the attached table. Excluding such items from both quarterly periods, net income in the third quarter of 2010 was $50.1 million, or $0.40 per diluted share, compared with $91.7 million, or $0.72 per diluted share, in the year-ago quarter. Third-quarter 2010 consolidated EBITDA (earnings before interest expense, income taxes, depreciation and amortization) was $87.2 million, compared with $128.2 million in the third quarter of 2009. Consolidated EBITDA in both quarterly periods was also impacted by items as detailed in the attached table. Excluding such items from both quarterly periods, consolidated EBITDA in the third quarter of 2010 was $85.5 million, compared with $129.9 million in the third quarter of 2009. For the first nine months of 2010, net income was $182.6 million, or $1.44 per diluted share, compared with $285.1 million, or $2.24 per diluted share, for the first nine months of 2009. Consolidated EBITDA for the first nine months of 2010 was $288.7 million, compared with $395.7 million for the first nine months of 2009. write your comments about the article :: © 2010 Construction News :: home page |