Foster Wheeler announces earnings; Another record backlog of orders.CLINTON Clinton.1 Town (1990 pop. 12,767), Middlesex co., S Conn., on Long Island Sound; settled 1663, set off from Killingworth and inc. 1838. The school that later became Yale opened here in 1702. , N.J.--(BUSINESS WIRE)--Oct. 31, 1995--Foster Wheeler Corp. today reported net earnings for the third quarter ended Sept. 29, 1995 of $17,209,492 or $.48 per share, on revenues of $787,613,333. Earnings for the third quarter of 1994 were $14,683,982, or $.41 per share, on revenues of $542,584,169. Net earnings for the nine months ended Sept. 29, 1995 were $53,979,511 or $1.51 per share, on revenues of $2,117,488,218. Earnings for the first nine months of 1994 were $46,745,581 or $1.31 per share, on revenues of $1,600,183,860. The backlog Backlog The total value of sales orders waiting to be fulfilled. Notes: This figure is used mainly in the manufacturing industry. Increases or decreases in a company's backlog indicate the future direction of sales and earnings. of orders for the corporation as of Sept. 29, 1995 totalled $5,849,649,059, the highest in Foster Wheeler's history. Backlog at the end of September September: see month. 1994 was $4,471,469,310. These financial results and backlog information do not include the impact of Foster Wheeler's acquisition of Ahlstrom For the family, see . Ahlstrom is a Finnish wood processing firm and a global manufacturer of specialty papers and nonwoven materials, using natural and synthetic fibers to produce roll goods for customers who turn them into hundreds of products. Pyropower announced Oct. 2, 1995. In addition, the company expects that its $500 million shelf registration statement filed with the Securities and Exchange Commission on Aug. 14, 1995 will become effective today or shortly thereafter and that it will utilize a portion thereof to offer common stock and debt securities. Any offering will be made only by means of a prospectus A document, notice, circular, advertisement, letter, or communication in written form or by radio or television that offers any security for sale, or confirms the sale of any security. . Foster Wheeler Corp. is a global company offering a broad range of design, engineering, construction, project development and management, research, plant operations and environmental services The various combinations of scientific, technical, and advisory activities (including modification processes, i.e., the influence of manmade and natural factors) required to acquire, produce, and supply information on the past, present, and future states of space, atmospheric, . The corporation's headquarters are at Clinton. -0-
Foster Wheeler Corp. and Subsidiaries
Consolidated Statement of Earnings -- Summary
Three Months Ended
Sept. 1995 Sept. 1994
Unfilled orders $5,849,649,059 $4,471,469,310 Revenues: Operating revenues 779,937,745 533,598,555 Other income 7,675,588 8,985,614 Total revenues $787,613,333 $542,584,169 Earnings before income taxes 30,827,823 24,246,949 Provision for income taxes 13,618,331 9,562,967 Net earnings $17,209,492 $14,683,982 Earnings per share $.48 $.41 Common shares (a) 35,865,814 35,807,325
Nine Months Ended
Sept. 1995 Sept. 1994
Unfilled orders $5,849,649,059 $4,471,469,310 Revenues: Operating revenues 2,094,663,688 1,574,490,701 Other income 22,824,530 25,693,159 Total revenues $2,117,488,218 $1,600,183,860 Earnings before income taxes 86,884,740 75,676,388 Provision for income taxes 32,905,229 28,930,807 Net earnings $53,979,511 $46,745,581 Earnings per share $1.51 $1.31 Common shares (a) 35,843,712 35,779,377 (a) Weighted average number of common shares outstanding. CONTACT: Foster Wheeler Corp. Richard Ri·chard , Joseph Henri Maurice Known as "Rocket." 1921-2000. Canadian hockey player. A right wing for the Montreal Canadiens (1942-1960), he led his team to eight Stanley Cup championships and was the first player to score 50 goals in a G. Strippel, 908/713-3072 or Richard C. Kroll Kroll may refer to:
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