SOURCE: Industrial Info Resources

Industrial Info Resources

November 12, 2012 06:15 ET

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

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.

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

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