$KBR (KBR, Inc.)

$KBR {{ '2016-10-03T21:12:22+0000' | timeago}} • Announcement

$KBR has updated its 2016 earnings guidance to reflect expected cost increases on EPC projects. The amount of the increases is approx. $130MM pretax. $KBR is revising 2016 EPS guidance to $0.30-0.50 from the previous $1.20-1.45, ex legal costs for legacy US Government contracts, which are expected to be about $15MM or $0.11 per share.

$KBR {{ '2017-07-13T15:50:51+0000' | timeago}} • Announcement

$KBR subsidiary KBRwyle has received a three-year task order to provide programmatic support to the US Army's Program Executive Office for Aviation at Redstone Arsenal in Alabama. The cost-plus-fixed-fee task order was awarded under the Defense Systems Technical Area Task contract. The terms of the deal have not been disclosed.

$KBR {{ '2017-07-06T17:09:55+0000' | timeago}} • Announcement

$KBR said its global government services business, KBRwyle, has been awarded a $48MM three-year follow-on task order by the U.S. Army. Revenue associated with this project is estimated to be $48MM and will be booked into the backlog of unfilled orders for the company's Government Services Business segment in 2Q17.

$KBR {{ '2017-05-24T15:32:15+0000' | timeago}} • Announcement

$KBR signed a joint venture agreement with BIV Builders for a standalone, self-sufficient, long-term joint venture based in Kuala Lumpur, Malaysia. The joint venture will be known as KBIV. The JV will deliver innovative and competitive engineering, project delivery and asset program management solutions.

$KBR {{ '2017-05-18T16:06:59+0000' | timeago}} • Announcement

$KBR received a Front-End Engineering Design (FEED) and project management services contract for Oman Liquefied Natural Gas LLC (Oman LNG) in Qalhat, Oman. Revenue associated with this contract was undisclosed  and will be booked into backlog of unfilled orders for $KBR's Engineering & Construction business segment in 2Q17.

$KBR {{ '2017-05-17T22:41:52+0000' | timeago}} • Announcement

$KBR BoD declared a quarterly cash dividend of $0.08 per share on the company's common stock. The dividend will be paid on July 14, 2017 to stockholders of record on June 15, 2017.

$KBR {{ '2017-05-16T14:49:30+0000' | timeago}} • Announcement

$KBR received Operator Training Simulator (OTS) and Reliability Based Maintenance (RBM) services contracts from JSC EuroChem Northwest for their ammonia plant under construction in Kingisepp, Russia.

$KBR {{ '2017-05-15T15:40:50+0000' | timeago}} • Announcement

$KBR received a program alliance contract from the Victorian Government for railroad crossing removal projects in Victoria, Australia. $KBR will remove two railroad crossings in an integrated alliance with John Holland, Metro Trains and the Level Crossing Removal Authority. These projects will begin in the coming months and be completed in 2018.

$KBR {{ '2017-05-11T12:33:44+0000' | timeago}} • Announcement

$KBR said the Naval Facilities Engineering Command Pacific has awarded a $514.9MM fixed price with award fee contract to KBR Diego Garcia LLC operating under KBRwyle, KBR's global government services business, to provide base operating support services at Navy Support Facility Diego Garcia in the British Indian Ocean Territory.

$KBR {{ '2017-05-10T14:31:00+0000' | timeago}} • Announcement

$KBR's Government Services business KBRwyle has been awarded an engineering services contract by NASA to support more than 20 NASA exploration missions. The 5-year, single award indefinite-delivery/indefinite quantity (IDIQ) contract has a value of $442MM. Task orders will be booked into backlog of unfilled orders for Government Services.

$KBR {{ '2017-04-28T16:10:00+0000' | timeago}} • Announcement

$KBR's revenue from Government Services more than doubled to $515MM in 1Q17. However revenue from Technology and Consulting segment fell 21% to $76MM and that from Engineering and Construction fell 19% to $489MM.

$KBR {{ '2017-04-28T16:04:54+0000' | timeago}} • Announcement

$KBR's backlog decreased from $10.9Bil as of December 31, 2016 to $10.6Bil as of March 31, 2017, with project work-off exceeding new awards, primarily in the E&C and GS business segments.

$KBR {{ '2017-04-28T16:03:43+0000' | timeago}} • Announcement

For FY17, $KBR reiterated its adjusted EPS guidance of $1.10-1.40 per share. Meanwhile, EBITDA is expected in the range of $300-350MM.

$KBR {{ '2017-04-28T15:59:26+0000' | timeago}} • Announcement

Engineering, procurement, and construction company $KBR posted mixed results in 1Q17. Net income attributable to $KBR fell to $37MM or $0.26 per share, from $42MM or $0.30 per share in 1Q16. However, revenue was up 11% to $1.1Bil. Excluding US Government legacy legal fees of $2.4MM, it made an income of $0.28 per share.

$KBR {{ '2017-04-19T15:26:54+0000' | timeago}} • Announcement

$KBR has been awarded a contract by PT Chevron Pacific Indonesia for engineering, project and construction management services for Chevron's operating fields in Sumatra, Indonesia. Revenue associated with this project was undisclosed and will be booked into backlog for KBR's Engineering & Construction Business segment in 2Q17.

$KBR {{ '2017-04-10T14:55:41+0000' | timeago}} • Announcement

$KBR settled its decade long dispute over an almost half billion judgment pertaining to the EPC 1 construction project executed for PEMEX Exploracion y Produccion (PEP). This settlement ends KBR's collection efforts. Under the settlement, KBR has been paid $43MM. Moreover, all litigation between the parties is or will be dismissed.

$KBR {{ '2017-04-06T15:07:40+0000' | timeago}} • Announcement

$KBR has completed the work on the Marshalltown Generating Station in Marshalltown, Iowa. Following successful performance testing, $KBR completed the project on schedule and has officially handed it over to Interstate Power and Light Company , a subsidiary of $LNT.

$KBR {{ '2017-03-16T15:04:23+0000' | timeago}} • Announcement

$KBR announced that Richard Slater will retire from its BoD, effective May 17, 2017.

$KBR {{ '2017-03-01T14:00:04+0000' | timeago}} • Announcement

$KBR's BoD declared a quarterly cash dividend of $0.08 per share on its common stock, par value $0.001 per share. The dividend will be paid on April 14, 2017, to stockholders of record on March 15, 2017.

$KBR {{ '2017-02-24T12:35:08+0000' | timeago}} • Announcement

$KBR expects 2017 revenues to be comparable to 2016, as increases in activities within the Government Services segment should offset E&C market challenges. $KBR expects 2017 fully diluted EPS in the range of $1.10-1.40 per share. Guidance excludes legal costs associated with legacy U.S. Government contracts expected to be approx. $9MM in 2017.

$KBR {{ '2017-02-24T12:31:45+0000' | timeago}} • Announcement

In 2017, $KBR forecasts that over 70% of its revenue will come from work executed under services and reimbursable-type contracts. The company also expect to be more competitive in its markets after eliminating annualized costs in excess of $200MM over the past two years.

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