SOURCE: Industrial Info Resources

Industrial Info Resources

November 09, 2011 06:35 ET

Willbros Group Focuses on Opportunities in Pipeline Integrity and Canadian Oil Sands, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Nov 9, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Willbros Group Incorporated (NYSE:WG) (Houston, Texas), which provides design, construction and management services in the oil & gas, petrochemical and power industries, yesterday reported third-quarter earnings results for the 2011 fiscal year. The company reported a net loss of $111.3 million, which includes a pre-tax goodwill impairment charge of $134.3 million. Revenue for the quarter was $466.1 million, compared to revenue of $404 million in 3Q10. Revenue for the first nine months of 2011 was $1.25 billion, compared to $789.3 million for the corresponding period of 2010.

Recent events have prompted the company to focus on pipeline safety services, in addition to traditional engineering and construction services. Industrial Info is tracking more than $800 million in North American projects employing Willbros. Information on these projects is available in Industrial Info's North American Industrial Database.

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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™, 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 "Contact Us" page.

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