SOURCE: Industrial Info Resources

May 05, 2009 05:30 ET

KBR's First-Quarter Profit Drops Despite 28% Rise in Revenue, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - May 5, 2009) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Engineering and construction firm KBR Incorporated (NYSE:KBR) (Houston, Texas) has posted a net income of $77 million, down 21.4% compared with $98 million in the same period last year, when the company gained $51 million from an arbitration settlement. In the first quarter of 2009, the company's revenues totaled $3.2 billion, up 28% compared with $2.5 billion year over year. Industrial Info is tracking 42 active projects involving KBR worth $40.37 billion as part of the International Industrial Database.

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