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CB&I Reports Third Quarter 2012 Results

THE WOODLANDS, Texas--(BUSINESS WIRE)--CB&I (NYSE: CBI) today reported net income of $80.2 million, or $0.82 per diluted share, for the third quarter of 2012, compared with $72.2 million, or $0.72 per diluted share, in the third quarter of 2011. Revenue for the quarter was $1.4 billion, up from $1.3 billion over the comparable period. New awards for the quarter totaled $930 million, and the company’s backlog at the end of the quarter totaled $9.5 billion.