SOURCE: Industrial Info Resources
November 12, 2012 06:15 ET
SUGAR LAND, TX--(Marketwire - Nov 12, 2012) - 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.
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