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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.

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

 orders              $5,849,649,059         $4,471,469,310

 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

 orders              $5,849,649,059         $4,471,469,310

 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:
  • Kroll Inc., a private investigation and security firm
Kroll is the surname of:
  • Cody Kroll (born 1974), American sculptor
  • Eric Kroll, (* 1946), US photographer
  • Fredric Kroll, (* 1945), US composer and writer
, 908/713-3070
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Publication:Business Wire
Date:Oct 31, 1995
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