Chicago Bridge & Iron Company
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How Well Is KBR Handling Its Short-Term Obligations?
As of September 30, 2017, KBR (KBR) had a total debt of $2.7 billion against $3.4 billion at the end of fiscal 2016. Nearly $1.2 billion of that is currently payable.
Analyzing KBR’s Revenue Generation Streams
Classification of contracts KBR (KBR) generates revenue directly or indirectly from new contract awards. The deals KBR and peers (XLI) Jacobs Engineering (JEC) and Chicago Bridge & Iron (CBI) enter into are typically long term. KBR’s contracts are broadly classified as cost-reimbursable, in that prices can be changed depending on actual costs incurred for supplies, […]
More about KBR’s Recent Strategic Acquisitions
Consulting and technical services On January 12, 2016, KBR (KBR) acquired three of Chematur Technologies’ engineering subsidiaries—Weatherly, Plinke, and Chematur Ecoplanning Oy—for $24.5 million. Chematur is a Swedish chemical engineering company specializing in bioethylene technologies. It is owned by China-based aniline trader and producer Connell Chemical Industry. Through subsidiary Brown & Root Industrial Services, KBR acquired MEI […]
Understanding KBR’s Inorganic Growth
KBR’s acquisitions In 2016, four significant acquisitions were made by KBR (KBR) to reorganize its technology business, industrial maintenance welding, and government services under suitable market segments. In this part, we’ll look at KBR’s government service business expansion. Wyle acquisition On July 5, 2016, KBR acquired Wyle for $579 million, using nearly $200 million in […]
Is KBR on a Path to Transformation?
Strategic focus and restructuring In December 2014, KBR (KBR) revamped its operations to strengthen its global presence. From 16 business lines servicing many end markets, it narrowed its focus to only two end markets (hydrocarbon and government services) through three segments. Winding down In response to the reorganization plan, KBR sold off its building group […]
Chicago Bridge & Iron Stock: How It’s Performing
As of November 24, 2017, CBI stock has fallen 51% YTD due to earnings misses and a fall in profits.
Chicago Bridge & Iron’s Relative Valuation Compared to Its Peers
Chicago Bridge & Iron Company (CBI) has a PB ratio of 1.41x based on its 2017 consensus estimates.
Chicago Bridge & Iron: Highly Leveraged Compared to Peers
As of September 30, 2017, Chicago Bridge & Iron (CBI) had a total debt of $2.1 billion against $2.2 billion at the end of fiscal 2016.
Chicago Bridge & Iron’s Revenue and Long-Term Contracts
In 2016, Chicago Bridge & Iron reported total revenue of $10.7 billion, which was 17.4% lower than $12.9 billion in 2015.
How Chicago Bridge & Iron Classifies Its Business Operations
Chicago Bridge & Iron Company (CBI) currently has two operating groups catering to customers in the energy (XLE) infrastructure market.
Chicago Bridge & Iron and Its Major Acquisitions
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.
Chicago Bridge & Iron Company: An Introduction
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.
SO Reached a Settlement for the Completion of Its Vogtle Plant
SO’s subsidiary Georgia Power said in December that it had reached a settlement with contractors regarding the construction of its Vogtle nuclear plant.
US Trade Deficit Rises as Exports Fell More than Imports
The US trade deficit stood at $43.9 billion in October. International trade plays a crucial role in determining whether the economy is growing or not.
Balyasny exits position in Newfield Exploration Co.
BAM exited its position in Newfield Exploration Co. in 3Q14. It accounted for 1.31% of BAM’s second quarter portfolio. NFX is an energy company.
Rosenstein’s JANA Partners buys an activist stake in URS Corp.
Barry Rosenstein’s hedge fund JANA Partners disclosed a new position in URS Corp. (URS) at the end of February 2014. URS is an international provider of engineering, construction, and technical services.