SOURCE: Industrial Info Resources

March 03, 2009 06:00 ET

KBR Posts $88 Million Fourth-Quarter Profit, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - March 3, 2009) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Engineering and construction firm KBR Incorporated (NYSE:KBR) (Houston, Texas) has reported a fourth-quarter 2008 net income of $88 million, up 23.9% year over year, on strong revenue across the board, especially in the Services business unit. Net income for the year totaled $319 million, compared with $302 million in 2007. As part of our International Industrial Database, Industrial Info is tracking 43 active projects worth $42.1 billion involving KBR. The largest of the projects is a $12 billion grassroot refinery in Saudi Arabia that Industrial Info has been monitoring since March 2006.

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