FOSTER WHEELER LTD ORD
			Symbol			FWLT

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Foster Wheeler Reports Very Solid Results for Third Quarter of 2009

2009-11-04 06:45 ET - News Release

• $0.71 fully diluted earnings per share
• $90.0 million net income
• $128.2 million consolidated EBITDA
• Nearly $1 billion total cash and cash equivalents

ZUG, Switzerland -- (Business Wire)

Foster Wheeler AG (Nasdaq: FWLT) today reported net income for the third quarter of 2009 of $90.0 million, or $0.71 per diluted share, compared with $127.9 million, or $0.88 per diluted share, in the third quarter of 2008. Net income in both quarterly periods was impacted by items as detailed in the attached table. Excluding such items from both quarterly periods, net income in the third quarter of 2009 was $91.7 million, or $0.72 per diluted share, compared with $129.6 million, or $0.89 per diluted share, in the third quarter of 2008.

Third-quarter 2009 consolidated EBITDA (earnings before interest expense, income taxes, depreciation and amortization) was $128.2 million, compared with $165.2 million in the third quarter of 2008. Consolidated EBITDA in both quarterly periods was also impacted by items as detailed in the attached table. Excluding such items from both quarterly periods, consolidated EBITDA in the third quarter of 2009 was $129.9 million, compared with $167.0 million in the third quarter of 2008.

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