Foster Wheeler AG (FWLT) reported net income attributable to the company for the first quarter of 2013 of $13.0 million, or $0.12 per share, compared with $40.6 million, or $0.38 per share, in the first quarter of 2012.
The first quarter of 2013 included the unfavorable impact of two factors that, in aggregate, amounted to $0.11 per diluted share: mark-to-market losses on currency transactions amounting to approximately $0.07 per share, and a non-cash impairment charge relating to the Camden, New Jersey, waste-to-energy facility amounting to about $0.04 per share.
Excluding items, adjusted net income in the first quarter of 2013 was $15.0 million, or $0.14 per share, compared with $42.6 million, or $0.40 per share, in the year-ago quarter.
Operating revenues were $796.29 million, down from $933.10 million last year.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.25 per share on revenues of $862.40 million for the quarter. Analysts' estimates typically exclude special items.
For the full year 2013, the company continues to expect adjusted earnings to be flat to moderately below its adjusted earnings of $1.54 per share reported in 2012.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.