SOURCE: Industrial Info Resources

Industrial Info Resources

March 02, 2015 06:00 ET

KBR Takes $1.24 Million Fourth-Quarter Hit From Restructuring, Lower Revenues, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Mar 2, 2015) - Researched by Industrial Info Resources (Sugar Land, Texas) -- KBR Incorporated (NYSE:KBR) (Houston, Texas), which is heavily involved in oil and gas production projects, posted a $1.24 billion loss for the fourth quarter of 2014, largely as a result of restructuring-related charges and a drop in revenue. For fourth-quarter 2013, the engineering, procurement and construction (EPC) contractor reported a net loss of $56 million. Industrial Info is tracking 232 KBR-related projects worth $206.42 billion.

Within this article: Fourth-quarter earnings results for KBR, with details on key projects, such as an oil and gas production platform off the shore of Norway.

Additional companies: Statoil ASA (NYSE:STO)

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the "Contact Us" page.

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