KBR profit jumps as revenue edges down

KBR profit jumps, as revenue edges downImage courtesy of KBR

Houston-based LNG engineer KBR posted a sharp increase in first-quarter profit reporting earnings of $138 million compared to $37 million last year.

Speaking about the results, Stuart Bradie, president and CEO of KBR noted the end market resilience, backlog and bookings have boosted the company’s performance.

KBR added that its revenue decreased 6 percent during the quarter was primarily driven by completion or substantial completion of several projects within the company’s HR business segment.

The company’s to the inclusion of 100 percent of backlog associated with the consolidated Aspire entities and new awards, partially offset by work off and other adjustments.

Going forward, KBR re-affirmed its full-year 2018 fully diluted adjusted earnings per share guidance range of $1.35 to $1.45 per share. The operating cash flows are also unchanged and estimated to range from $125 million to $175 million for 2018.

Share this article

Follow LNG World News

Posted on May 1, 2018 with tags .

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

LNG Pricing, Trading & Hedging Singapore

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >