Chicago Bridge & Iron Company’s (CBI) pre-tax loss fell 53.6% to $237.3 million in fiscal 2016, from $511.2 million in fiscal 2015.
Chicago Bridge & Iron’s (CBI) cost of revenue for long-term contracts is comprised of direct contract costs such as materials and labor and indirect costs that are attributable to contract activity.
In 2016, Chicago Bridge & Iron reported total revenue of $10.7 billion, which was 17.4% lower than $12.9 billion in 2015.
Chicago Bridge & Iron Company’s (CBI) EC (Engineering & Construction) operating group provides EPC (engineering, procurement, and construction) services to energy infrastructure plants.
Chicago Bridge & Iron Company’s (CBI) revenue is primarily derived from long-term contracts.
Chicago Bridge & Iron Company (CBI) currently has two operating groups catering to customers in the energy (XLE) infrastructure market.
On February 13, 2013, Chicago Bridge & Iron completed the acquisition of the Shaw Group for $3 billion. CBI paid $46 per share in cash and stock.
In this series, we’ll analyze Chicago Bridge & Iron’s (CBI) business model. We’ll explore how it has expanded its business and evaluate its key operational metrics and financial position.
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