KBR revenue, income down for Q4 and 2012

KBR Inc. (NYSE: KBR) on Wednesday reported “disappointing” results for the fourth quarter and the full year of 2012, though some business segments fared worse than others.

In the fourth quarter, net income attributable to KBR was $30 million, or 20 cents per diluted share, down from $90 million, or 60 cents per diluted share, in the same quarter a year earlier. Consolidated revenue was about $1.9 billion, down from $2.1 billion a year earlier, and operating income was $69 million, down from $136 million.

For the full year, net income attributable to KBR was $144 million, or 97 cents per diluted share, down from $480 million, or $3.18 per diluted share, in 2011. Revenue was $7.9 billion, down from $9.26 billion in 2011, and operating income was $299 million, down from $587 million.

“2012 was, overall, a disappointing year for KBR, where issues at our Minerals and U.S. Construction business units offset strong operating performance across our Hydrocarbons Business Group,” Bill Utt, chairman, president and CEO of KBR, said in the company’s statement. “As we begin 2013, we see a robust series of new opportunities across each of our business units. The potential opportunity set for KBR is tremendous, and I am confident in KBR’s ability to successfully win and execute this work.”

KBR said its 2013 earnings per diluted share guidance is between $2.45 and $2.90.

Click here to see the full report.

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Posted by admin on Feb 22 2013. Filed under News Coverage, Qarmat Ali Blog. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.