CB&I Reports First Quarter 2017 Financial Results

Important Information For Investors And Shareholders

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements regarding CB&I and represents our expectations and beliefs concerning future events. These forward-looking statements are intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties. When considering any statements that are predictive in nature, depend upon or refer to future events or conditions, or use or contain words, terms, phrases or expressions such as "achieve," "forecast," "plan," "propose," "strategy," "envision," "hope," "will," "continue," "potential," "expect," "believe," "anticipate," "project," "estimate," "predict," "intend," "should," "could," "may," "might" or similar forward-looking statements, we refer you to the cautionary statements concerning risk factors and "Forward-Looking Statements" described under "Risk Factors" in Item 1A of our Annual Report filed on Form 10-K filed with the SEC for the year ended December 31, 2016, and any updates to those risk factors or "Forward-Looking Statements" included in our subsequent Quarterly Reports on Form 10-Q filed with the SEC, which cautionary statements are incorporated herein by reference.

Non-GAAP Financial Measures

To supplement CB&I's consolidated financial statements, which are prepared and presented in accordance with U.S. generally accepted accounting principles (GAAP), this press release and the accompanying tables contain certain non-GAAP financial measures, including the presentation of our financial results, consolidated statements of operations and segment data, excluding the impact of the classification of our Capital Services operations as a discontinued operation. These non-GAAP financial measures are presented to provide a better indication of our operating results prior to the sale of our Capital Services operations.

Non-GAAP financial measures are presented for supplemental informational purposes only to aid an understanding of the company's operating results. The presentation of these non-GAAP financial measures and key metrics is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP, and may be different from non-GAAP financial measures presented by other companies. For more information on these non-GAAP financial measures and key metrics, please see the tables captioned "Non-GAAP Supplemental Adjusted Segment Data," "Non-GAAP Supplemental Adjusted Financial Data,"  "Reconciliation of Non-GAAP Supplemental Adjusted Segment Data" and "Reconciliation of Non-GAAP Supplemental Adjusted Financial Data," which are included in this release.

Investors: Scott Lamb, +1 832 513 1068, Scott.Lamb@CBI.com 
Media: Gentry Brann, +1 832 513 1031, Gentry.Brann@CBI.com  

Chicago Bridge & Iron Company N.V.
Non-GAAP Supplemental Adjusted Segment Data
(amounts adjusted to exclude impact of classifying our Capital Services Operations as a discontinued operation) (1)
(in thousands)
	Three Months Ended March 31,
	2017						2016
NEW AWARDS					% of						% of
					Total						Total
Engineering & Construction	$	2,239,799			68%		$	323,418			27%
Fabrication Services	446,260				13%		373,689				31%
Technology	160,354				5%		83,620				7%
Capital Services	468,732				14%		416,672				35%
Total	$	3,315,145					$	1,197,399
REVENUE					% of						% of
					Total						Total
Engineering & Construction	$	1,285,589			54%		$	1,516,328			57%
Fabrication Services	476,580				20%		517,576				19%
Technology	68,027				3%		64,562				3%
Capital Services	534,209				23%		569,267				21%
Total	$	2,364,405					$	2,667,733
INCOME FROM OPERATIONS					% of						% of
					Revenue						Revenue
Engineering & Construction	$	9,676			0.8%		$	111,920			7.4%
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