IHS Chemical Week

KBR to review operations after first-quarter loss

10:56 AM MDT | June 20, 2014

Engineering and construction firm KBR reports 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. 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 disappointing and were...

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