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Foster Wheeler Reaps Benefits of Engineering and Construction Awards in Third-Quarter 2012, Sees More Ahead, an Industrial Info News Alert

Monday, November 12, 2012 6:15 AM


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SUGAR LAND, TX -- (Marketwire) -- 11/12/12 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- Foster Wheeler AG (NASDAQ:FWLT) (Zug, Switzerland), a global engineering and construction company and power equipment supplier, reported stronger profits in third-quarter 2012 as a record level of "scope" new orders in one of the company's two major segments boosted the scope backlog by 31% from the second quarter to more than $1.7 billion. Net income for the quarter was reported to be $58.22 million, a 57.96% increase from third-quarter 2011. Industrial Info is tracking more than $74 billion in active projects involving Foster Wheeler.

Other companies featured: BP Products North America Incorporated (NYSE:BP), Chevron Corportation (NYSE:CVX)

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showAbstract.jsp?newsitemID=231072&refer=mw, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle¬ô, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

Contact:
Joe Govreau
713-783-5147

(Source: Market Wire )
(Source: Quotemedia)

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