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CB&I's backlog at the end of the first quarter of 2017 was $19.3 billion, said the company in a press release.
"New awards exceeded our expectations, indicating the rebound of opportunities in our end markets, specifically in the US, Middle East and China," said Philip K Asherman, CB&I's president and chief executive officer. "I am especially proud of our outstanding safety record, having performed more than 51 million work hours with zero lost-time incidents in the past six months."
The company expects to earn revenue between $9.5 billion and $10.5 billion, or $3.5-$4 per diluted share. (KD)
Fibre2Fashion News Desk – India