KBR Q4 Loss Widens Amid Charges - Quick Facts

(RTTNews) - KBR, Inc. (KBR), a technology, engineering, procurement and construction company, Friday said fourth-quarter attributable net loss was $1.24 billion, or $8.57 per share, compared to a net loss of $56 million, or $0.38 per share in the fourth quarter of 2013.

On average, 18 analysts polled by Thomson Reuters expected earnings of $0.21 per share for the quarter. Analysts' estimates typically exclude special items.

Consolidated revenue fell to $1.42 billion from $1.68 billion. Analysts expected revenues of $1.63 billion.

Stuart Bradie, CEO, said, "Our fourth quarter consolidated results reflect the significant charges associated with the company's restructuring previously announced in December 2014. The transformation of KBR has begun and is proceeding according to plan."

Bradie added that the New KBR is on track to achieve target margins and $200 million annualized savings.

Looking ahead to 2015, excluding legacy-related costs, the company expects earnings per share to be in the range of $1.07 and $1.22. Analysts look for earnings of $1.16 per share for 2015.