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Foster Wheeler's 1Q09 Profit Plunges 47%, an Industrial Info News Alert



2009-05-11 11:42:03 -

SUGAR LAND, TX -- (Marketwire) -- 05/11/09 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- Construction and engineering firm Foster Wheeler AG : financialmarkets.industrialinfo.com/industrialinfo?Page=QUOTE&am ..; Ticker=FWLT (NASDAQ:FWLT) (Clinton, New Jersey) has announced a first-quarter 2009 profit of $72.9 million, down 47% compared with $138.1 million in the same period last year. Chairman and CEO Raymond Milchovich said the decline is attributable to lower earnings before interest, taxes, depreciation and amortization (EBITDA) in both of its business groups. As part of the International Industrial Database : www.industrialinfo.com/prodserv/prodserv.jsp?pagerequest=dbpro ducts , Industrial Info is tracking nearly 190 active Foster Wheeler projects worth $64.66 billion.



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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services.
For more information send inquiries to industrialmanufacturing@industrialinfo.com : mailto:industrialmanufacturing@industrialinfo.com or visit us online at www.industrialinfo.com : www.industrialinfo.com .



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