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KBR to review operations after first-quarter loss
11:41 AM MDT | June 19, 2014 | Natasha Alperowicz
Engineering and construction firm KBR today announced a net loss and lower revenues year-on-year in the first quarter. It reports a net loss of $43 million, down from a net income of $88 million in the year-earlier period, while revenue was down 11% to $1.6 billion. Gross profit shrank from $156 million to $39 million. Newly elected president and CEO Stuart Bradie, who joined KBR earlier this month from WorleyParsons, says that KBR will strategically review its operations. “KBR posted a loss of 29 cts/share in the first quarter of 2014. Overall results were...
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