KBR's First-Quarter Profit Drops Despite 28% Rise in Revenue

SUGAR LAND--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.