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KBR Announces “Solid” ’09 Figures

KBR (NYSE:KBR) announced fourth quarter 2009 net income attributable to KBR was $73 million, or $0.45 per diluted share, compared to net income attributable to KBR of $88 million, or $0.54 per diluted share, in the fourth quarter of 2008.

Consolidated revenue in the fourth quarter of 2009 was $3.0 billion compared to $3.4 billion in the fourth quarter of 2008. Consolidated operating income was $124 million in the fourth quarter of 2009 compared to $153 million in the fourth quarter of 2008, which included a $24 million gain from a project change order.

“2009 was a solid year for KBR in what was considered a very difficult market environment. We were able to grow revenue 5 percent and are especially pleased with KBR’s backlog performance, particularly in the second half of the year, which grew 14 percent in the last two quarters, ” said Bill Utt, Chairman, President, and Chief Executive Officer of KBR.

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