Good morning. I would like to welcome everyone to CB&I's Investor Analyst Day. Before beginning today's presentation, the company would like to caution you regarding forward-looking statements. Any statements made or discussed today that do not constitute or are not historical facts, particularly comments regarding the company's future plans and expected performance, are forward-looking statements that are based on assumptions the company believes are reasonable, but are subject to a range of uncertainties and risks that are summarized in the company's press release and the SEC filing. While forward-looking statements represent management's best current judgment as to what may occur in the future, the actual outcome or results may differ materially from what is expressed or implied in any such statements.
Now, I would like to turn the presentation over to Mr. Philip Asherman, President and CEO of CB&I.
Philip K. Asherman
Good morning, and welcome to Chicago Bridge & Iron's Investor Day. I'm going to be brief this morning because what we really want to do is to provide you with an in-depth look at our recently combined companies, following the financial transaction on February 13 with Shaw.
We're really pleased with the enthusiasm and the collaborative way our teams are working through the transition. Since day 1, we've integrated not only corporate functions, but safety programs, operating procedures and work teams and have approached our customers as one CB&I to demonstrate the scale and resources to meet their needs around the world.
The group of people you will meet today represent a combined team of each of our operating groups shown here: Technology; EC&M, which is Engineering, Construction and Maintenance; Government Solutions; and Fabrication Services. This is our report, our business going forward. But certainly as is our practice, we'll continue to discuss specific end markets on major projects on a regular basis. But this structure scales our business model, which is unique in our industry by combining like businesses, while capitalizing on each segment's unique resource capability and commercial attributes.
And now we have some serious size with over $27 billion in backlog and over 5 -- 50,000 employees in nearly 100 locations throughout the world. We're certainly in a position to provide integrated solutions to our customers as never before. And although engineering and construction is a majority of the backlog, around 70% of the earnings from all the other groups comes from all the other groups, which is more predictable and less cyclical.
But before my enthusiasm, steals the thunder for my colleagues, who are anxiously awaiting the presentation, let me tell you the main purpose of my opening remarks, the guidance for 2013.
First, a reminder of our previous guidance, which we provided last December for standalone CB&I before the transaction closed, which was $7 billion to $10 billion in new awards; revenues of $6.3 billion to $6.7 billion; and earnings per share of $3.35 to $3.65.
Our revised guidance for the new CB&I post-transaction, which includes a full year for CB&I and 10.5 months as a combined company is $13 billion to $16 billion in new awards, $10.7 billion to $11.2 billion in revenue and earnings per share of $4 to $4.35.
We'll have a chance for a Q&A in the wrap-up session at lunch, which will be hosted by Ron Ballschmiede, who will also include a look at our capital utilization strategies going forward, so we hope you'll all be there to attend.
So today's agenda are the breakout sessions covering the 4 operating groups. We ask that you attend in order of your cards, as noted on your cards, and it's a lot of material to cover until lunch. But hopefully, we'll give you a glimpse of our talented management teams and further insight into the business.
So that will conclude my remarks this morning for the webcast. I look forward to seeing you all at the wrap-up session. Thank you.
We're not going to do any Q&A here. We're going to wait for the wrap-up sessions. We'd like you to start going to your side rooms, and please stay in order. And as you see, we're ready to guide you, so take your coffee with you. We'll have coffee in the rooms for you.
Copyright policy: All transcripts on this site are the copyright of Seeking Alpha. However, we view them as an important resource for bloggers and journalists, and are excited to contribute to the democratization of financial information on the Internet. (Until now investors have had to pay thousands of dollars in subscription fees for transcripts.) So our reproduction policy is as follows: You may quote up to 400 words of any transcript on the condition that you attribute the transcript to Seeking Alpha and either link to the original transcript or to www.SeekingAlpha.com. All other use is prohibited.
THE INFORMATION CONTAINED HERE IS A TEXTUAL REPRESENTATION OF THE APPLICABLE COMPANY'S CONFERENCE CALL, CONFERENCE PRESENTATION OR OTHER AUDIO PRESENTATION, AND WHILE EFFORTS ARE MADE TO PROVIDE AN ACCURATE TRANSCRIPTION, THERE MAY BE MATERIAL ERRORS, OMISSIONS, OR INACCURACIES IN THE REPORTING OF THE SUBSTANCE OF THE AUDIO PRESENTATIONS. IN NO WAY DOES SEEKING ALPHA ASSUME ANY RESPONSIBILITY FOR ANY INVESTMENT OR OTHER DECISIONS MADE BASED UPON THE INFORMATION PROVIDED ON THIS WEB SITE OR IN ANY TRANSCRIPT. USERS ARE ADVISED TO REVIEW THE APPLICABLE COMPANY'S AUDIO PRESENTATION ITSELF AND THE APPLICABLE COMPANY'S SEC FILINGS BEFORE MAKING ANY INVESTMENT OR OTHER DECISIONS.
If you have any additional questions about our online transcripts, please contact us at: email@example.com. Thank you!