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

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Mon May 11, 2009 5:30am EDT 

  SUGAR LAND, TX, May 11 (MARKET WIRE) -- 
Researched by Industrial Info Resources (Sugar Land, Texas) --
Construction and engineering firm Foster Wheeler AG (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, Industrial Info is tracking nearly 190
active Foster Wheeler projects worth $64.66 billion.

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