8-K

UNITED STATESSECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report: (Date of earliest event reported): October 26, 2010


CHICAGO BRIDGE & IRON COMPANY N.V.
(Exact name of registrant as specified in its charter)

The Netherlands
(State or other jurisdiction of incorporation)

1-12815	N.A.
(Commission File Number)	(IRS Employer Identification No.)

Oostduinlaan 75 2596JJ The Hague The Netherlands	N.A.
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code:  31-70-373-2010

N.A.
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (See General Instruction A.2 below):

⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02           Results of Operations and Financial Condition

          (a)       On October 26, 2010, Chicago Bridge & Iron Company N.V. issued a press release announcing financial results for the quarter ended September 30, 2010.  A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

          Item 9.01           Financial Statements and Exhibits

(d)            Exhibits

                 99.1 – Press Release dated October 26, 2010

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		CHICAGO BRIDGE & IRON COMPANY N.V.
		By:	Chicago Bridge & Iron Company B.V.
		Its:	Managing Director
Date:	October 26, 2010	By:	/s/ Ronald A. Ballschmiede
			Ronald A. Ballschmiede
			Managing Director
			(Principal Financial Officer)

EXHIBIT INDEX

Exhibit Number	Exhibit Description
99.1	Press release dated October 26, 2010

EX-99.1

Exhibit 99.1

CB&I Reports Third Quarter 2010 Results

THE WOODLANDS, Texas--(BUSINESS WIRE)--October 26, 2010--CB&I (NYSE: CBI) today reported net income of $51.8 million, or $0.52 per diluted share, for the third quarter of 2010. Revenue for the quarter was $909.1 million and New Awards totaled $893.1 million. Cash and cash equivalents increased to $361 million as of September 30, up from $300 million at the beginning of the third quarter.

"CB&I is on track to deliver solid earnings for 2010, and is positioned for continued strong performance into 2011," said Philip K. Asherman, President and CEO. "Our end markets, particularly technology, LNG, oil sands, gas processing and the demand for global storage, are fundamentally strong in our key geographic regions."

Earnings Conference Call

CB&I will host a webcast on October 26 at 4:00 p.m. Central time (5:00 p.m. Eastern time) to discuss financial and operating results, and answer questions from investors. The webcast is available at www.CBI.com Investor Relations/Investor Highlights.

About CB&I

CB&I designs, engineers and constructs some of the world’s largest energy infrastructure projects, providing a full spectrum of EPC solutions and proven process technologies. Drawing upon more than a century of experience and the expertise of approximately 16,000 employees worldwide, CB&I safely and reliably executes more than 600 projects a year through its three business sectors: CB&I Lummus builds upstream and downstream oil & gas projects, LNG liquefaction and regasification terminals, and a wide range of other energy related projects; CB&I Steel Plate Structures designs, fabricates and constructs storage tanks and containment vessels and their associated systems for the oil & gas, water & wastewater, mining and nuclear industries; Lummus Technology capitalizes on more than 1,500 patents and patent applications to provide process technologies and catalysts for petrochemical facilities, oil refineries and gas processing plants. For more information, visit www.CBI.com. If you would like to be added to CB&I’s news release email distribution list, visit www.CBI.com/mediacenter/newsreleases.

Forward-Looking Statement

This 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, 2009, 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.

CHICAGO BRIDGE & IRON COMPANY N.V. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
	Three Months						Nine Months
	Ended September 30,						Ended September 30,
	2010			2009			2010			2009
Revenue	$	909,099		$	1,010,401		$	2,694,467		$	3,518,490
Cost of revenue		789,231			892,866			2,332,016			3,123,927
Gross profit		119,868			117,535			362,451			394,563
% of Revenue		13.2	%		11.6	%		13.5	%		11.2	%
Selling and administrative expenses		43,365			48,292			140,955			158,778
% of Revenue		4.8	%		4.8	%		5.2	%		4.5	%
Intangibles amortization		5,832			6,080			17,592			17,553
Other operating (income) expense, net		(708	)		(1,461	)		144			9,875
Equity earnings		(6,687	)		(9,852	)		(13,729	)		(28,776	)
Income from operations		78,066			74,476			217,489			237,133
% of Revenue		8.6	%		7.4	%		8.1	%		6.7	%
Interest expense		(5,739	)		(4,916	)		(12,538	)		(16,019	)
Interest income		1,272			398			3,563			1,190
Income before taxes		73,599			69,958			208,514			222,304
Income tax expense		(19,918	)		(28,070	)		(61,044	)		(85,311	)
Net income		53,681			41,888			147,470			136,993
Less: Net income attributable to noncontrolling interests		(1,837	)		(1,065	)		(6,108	)		(3,934	)
Net income attributable to CB&I	$	51,844		$	40,823		$	141,362		$	133,059
Net income attributable to CB&I per share:
Basic	$	0.53		$	0.43		$	1.44		$	1.40
Diluted	$	0.52		$	0.42		$	1.41		$	1.38
Weighted average shares outstanding:
Basic		97,675			95,727			98,448			95,205
Diluted		99,756			97,489			100,445			96,318

CHICAGO BRIDGE & IRON COMPANY N.V. AND SUBSIDIARIES
SEGMENT INFORMATION
(in thousands)
	Three Months Ended								Nine Months Ended
	September 30,				September 30,				September 30,				September 30,
	2010				2009				2010				2009
			% of				% of				% of				% of
NEW AWARDS*			Total				Total				Total				Total
CB&I Steel Plate Structures	$	465,050	52	%	$	1,433,383	87	%	$	939,131	40	%	$	1,963,712	73	%
CB&I Lummus		337,985	38	%		109,678	7	%		1,157,722	49	%		491,614	18	%
Lummus Technology		90,097	10	%		97,320	6	%		272,314	11	%		224,775	9	%
Total	$	893,132			$	1,640,381			$	2,369,167			$	2,680,101
			% of				% of				% of				% of
REVENUE			Total				Total				Total				Total
CB&I Steel Plate Structures	$	348,662	38	%	$	383,453	38	%	$	1,043,831	39	%	$	1,261,458	36	%
CB&I Lummus		471,075	52	%		528,347	52	%		1,443,024	53	%		1,994,994	57	%
Lummus Technology		89,362	10	%		98,601	10	%		207,612	8	%		262,038	7	%
Total	$	909,099			$	1,010,401			$	2,694,467			$	3,518,490
			% of				% of				% of				% of
INCOME FROM OPERATIONS			Revenue				Revenue				Revenue				Revenue
CB&I Steel Plate Structures	$	31,902	9.1	%	$	34,284	8.9	%	$	96,540	9.2	%	$	105,049	8.3	%
CB&I Lummus		19,680	4.2	%		18,551	3.5	%		64,232	4.5	%		75,095	3.8	%
Lummus Technology		26,484	29.6	%		21,641	21.9	%		56,717	27.3	%		56,989	21.7	%
Total	$	78,066	8.6	%	$	74,476	7.4	%	$	217,489	8.1	%	$	237,133	6.7	%
* New awards represents the value of new project commitments received by the Company during a given period.

CHICAGO BRIDGE & IRON COMPANY N.V. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
		September 30,			December 31,
		2010			2009
	ASSETS
	Current assets	$	1,101,897		$	1,195,578
	Equity investments		117,170			132,258
	Property and equipment, net		282,856			316,112
	Goodwill and other intangibles, net		1,143,373			1,179,600
	Other non-current assets		180,652			193,219
	Total assets	$	2,825,948		$	3,016,767
	LIABILITIES AND SHAREHOLDERS' EQUITY
	Notes payable	$	526		$	709
	Current maturity of long-term debt		40,000			40,000
	Other current liabilities		1,331,566			1,639,166
	Long-term debt		80,000			80,000
	Other non-current liabilities		346,214			359,602
	Shareholders' equity		1,027,642			897,290
	Total liabilities and shareholders' equity	$	2,825,948		$	3,016,767
CHICAGO BRIDGE & IRON COMPANY N.V. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS AND OTHER FINANCIAL DATA
(in thousands)
		Nine Months
		Ended September 30,
		2010			2009
	CASH FLOWS
	Cash flows from operating activities	$	87,219		$	103,441
	Cash flows from investing activities		(14,200	)		(16,877	)
	Cash flows from financing activities		(48,554	)		32,844
	Effect of exchange rate changes on cash		10,406			4,404
	Increase in cash and cash equivalents		34,871			123,812
	Cash and cash equivalents, beginning of the year		326,000			88,221
	Cash and cash equivalents, end of the period	$	360,871		$	212,033
	OTHER FINANCIAL DATA
	Decrease in receivables, net	$	67,186		$	64,838
	Change in contracts in progress, net		(85,853	)		(51,173	)
	Decrease (increase) in non-current contract retentions		3,841			(3,438	)
	Decrease in accounts payable		(115,443	)		(160,403	)
	Change in contract capital	$	(130,269	)	$	(150,176	)
	Depreciation and amortization expense	$	55,734		$	59,941
	Capital expenditures	$	16,386		$	36,133
	Backlog *	$	6,880,083		$	4,866,422
*	Backlog includes the value of new award commitments until work is performed and revenue is recognized or until cancellation.
	Backlog may also fluctuate with currency movements.

CONTACT:
CB&I
Media: Jan Sieving, +1 832 513 1111
or
Investors: Mark Coscio, +1 832 513 1200