Chicago Bridge & Iron Has Solid Outlook As Energy Drives Spending

According to Jefferies & Company, Chicago Bridge & Iron (NYSE: CBI) had a good quarter and has a solid outlook as energy drives spending.

J.P. Morgan said that Chicago Bridge & Iron reported fiscal fourth quarter earnings of $63.2 million. “New orders reflected an increased level of smaller projects and Lummus Technology. Backlog outlook appears healthy entering 2011.”

Chicago Bridge & Iron closed yesterday at $33.63.