Exhibit 99.1
KBR
601 Jefferson St. • Houston, Texas 77002
Phone 713.753.3011 • Fax 713.753.5353
FOR IMMEDIATE RELEASE Contact: Rob Kukla, Jr.
April 27, 2010 Director, Investor Relations
713-753-5082
Heather Browne
Director, Communications
713-753-3775
KBR PROVIDES HISTORICAL FINANCIAL INFORMATION FOR REORGANIZATION
HOUSTON, Texas – KBR (NYSE:KBR) announced today that in preparation for its upcoming First Quarter 2010 earnings on Thursday, April 29, 2010, KBR is providing historical revenue, job income, business unit overheads, and business unit income for the past two years, by quarter, for new reporting structure. Also provided in the tables is the 2009 quarterly backlog for the new reporting structure.
KBR is a global engineering, construction and services company supporting the energy, hydrocarbon, government services, minerals, civil infrastructure, power, and industrial markets. For more information, visit www.kbr.com.
KBR, Inc.
Revenue and Operating Results by Operating Unit
(millions)
(Unaudited)
Three Months Ended
| Dec 31, | Sep 30, | Jun 30, | Mar 31, | ||||
| 2009
| 2009
| 2009 | 2009 | ||||
Revenue: | ||||||||
Hydrocarbons: | ||||||||
Gas Monetization | $ 779 | $ 641 | $ 679 | $ 656 | ||||
Oil & Gas | 279 | 95 | 107 | 95 | ||||
Downstream | 120 | 121 | 124 | 113 | ||||
Technology | 27 | 27 | 23 | 20 | ||||
Total Hydrocarbons business group | 1,205 | 884 | 933 | 884 | ||||
Infrastructure, Government and Power (IGP): | ||||||||
North America Government and Defense | 1,039 | 1,193 | 1,394 | 1,563 | ||||
International Government and Defense | 80 | 71 | 67 | 70 | ||||
Infrastructure and Minerals | 79 | 86 | 86 | 86 | ||||
Power and Industrial | 130 | 129 | 111 | 104 | ||||
Total IGP business group | 1,328 | 1,479 | 1,658 | 1,823 | ||||
Services | 426 | 464 | 498 | 475 | ||||
Ventures | 5 | 5 | 3 | 8 | ||||
Other | - | 8 | 9 | 10 | ||||
Total revenue | $ 2,964 | $ 2,840 | $ 3,101 | $ 3,200 | ||||
Business unit income (loss): | ||||||||
Hydrocarbons: | ||||||||
Gas Monetization | $ 23 | $ 40 | $ 50 | $ 65 | ||||
Oil & Gas | 210 | 20 | 26 | 18 | ||||
Downstream | 17 | 16 | 20 | 6 | ||||
Technology | 15 | 14 | 11 | 9 | ||||
Total job income | 265 | 90 | 107 | 98 | ||||
Divisional overhead | (26) | (25) | (24) | (21) | ||||
Total Hydrocarbons business group income | 239 | 65 | 83 | 77 | ||||
Infrastructure, Government and Power (IGP): | ||||||||
North America Government and Defense | (112) | 82 | 69 | 74 | ||||
International Government and Defense | 19 | 17 | 21 | 14 | ||||
Infrastructure and Minerals | 19 | 24 | 20 | 24 | ||||
Power and Industrial | 26 | 22 | 11 | 9 | ||||
Total job income | (48) | 145 | 121 | 121 | ||||
Divisional overhead | (39) | (41) | (35) | (36) | ||||
Total IGP business group income | (87) | 104 | 86 | 85 | ||||
Services: | ||||||||
Job income | 51 | 39 | 41 | 36 | ||||
Divisional overhead | (19) | (18) | (17) | (17) | ||||
Total Services business unit income | 32 | 21 | 24 | 19 | ||||
Ventures: | ||||||||
Job income | 4 | 5 | 2 | 8 | ||||
Gain on sale of assets | - | - | - | 2 | ||||
Divisional overhead | - | (1) | (1) | - | ||||
Total Ventures business unit income | 4 | 4 | 1 | 10 | ||||
Other: | ||||||||
Job income | 2 | 2 | 2 | 3 | ||||
Impairment of goodwill | - | (6) | - | - | ||||
Divisional overhead | (1) | (1) | (2) | (2) | ||||
Total Other business unit income | 1 | (5) | - | 1 | ||||
Total Business unit income | $ 189 | $ 189 | $ 194 | $ 192 |
KBR, Inc.
Revenue and Operating Results by Operating Unit
(millions)
(Unaudited)
Three Months Ended
| Dec 31, | Sep 30, | Jun 30, | Mar 31, | ||||
| 2008
| 2008
| 2008 | 2008 | ||||
Revenue: | ||||||||
Hydrocarbons: | ||||||||
Gas Monetization | $ 704 | $ 430 | $ 577 | $ 445 | ||||
Oil & Gas | 118 | 119 | 123 | 166 | ||||
Downstream | 145 | 138 | 101 | 100 | ||||
Technology | 23 | 20 | 22 | 19 | ||||
Total Hydrocarbons business group | 990 | 707 | 823 | 730 | ||||
Infrastructure, Government and Power (IGP): | ||||||||
North America Government and Defense | 1,579 | 1,515 | 1,468 | 1,465 | ||||
International Government and Defense | 94 | 106 | 111 | 110 | ||||
Infrastructure and Minerals | 103 | 115 | 114 | 99 | ||||
Power and Industrial | 134 | 106 | 2 | 2 | ||||
Total IGP business group | 1,910 | 1,842 | 1,695 | 1,676 | ||||
Services | 475 | 456 | 141 | 116 | ||||
Ventures | 1 | 1 | (1) | (3) | ||||
Other | 10 | 12 | - | - | ||||
Total revenue | $ 3,386 | $ 3,018 | $ 2,658 | $ 2,519 | ||||
Business unit income (loss): | ||||||||
Hydrocarbons: | ||||||||
Gas Monetization | $ 55 | $ 37 | $ 32 | $ 41 | ||||
Oil & Gas | 19 | 26 | 21 | 75 | ||||
Downstream | 20 | 20 | 20 | 12 | ||||
Technology | 9 | 10 | 12 | 10 | ||||
Total job income | 103 | 93 | 85 | 138 | ||||
Divisional overhead | (21) | (21) | (25) | (20) | ||||
Total Hydrocarbons business group income | 82 | 72 | 60 | 118 | ||||
Infrastructure, Government and Power (IGP): | ||||||||
North America Government and Defense | 64 | 85 | 46 | 65 | ||||
International Government and Defense | 20 | 23 | 23 | 22 | ||||
Infrastructure and Minerals | 26 | 21 | 24 | 20 | ||||
Power and Industrial | 11 | 9 | - | 1 | ||||
Total job income | 121 | 138 | 93 | 108 | ||||
Divisional overhead | (28) | (32) | (30) | (29) | ||||
Total IGP business group income | 93 | 106 | 63 | 79 | ||||
Services: | ||||||||
Job income | 66 | 36 | 20 | 17 | ||||
Gain on sale of assets | - | - | 1 | - | ||||
Divisional overhead | (21) | (11) | (4) | (3) | ||||
Total Services business unit income | 45 | 25 | 17 | 14 | ||||
Ventures: | ||||||||
Job income (loss) | (1) | 1 | (1) | (3) | ||||
Gain on sale of assets | - | - | 1 | - | ||||
Divisional overhead | - | (1) | - | (1) | ||||
Total Technology business unit income | (1) | - | - | (4) | ||||
Other: | ||||||||
Job income | 3 | 4 | - | - | ||||
Gain on sale of assets | 1 | - | - | - | ||||
Divisional overhead | (2) | (3) | - | - | ||||
Total Other business unit income | 2 | 1 | - | - | ||||
Total Business unit income | $ 221 | $ 204 | $ 140 | $ 207 |
KBR, Inc.
Backlog Information
(millions)
(Unaudited)
| Dec 31, | Sep 30, | Jun 30, | Mar 31, | ||||
| 2009
| 2009
| 2009 | 2009 | ||||
Hydrocarbons: | ||||||||
Gas Monetization | $ 6,976 | $ 7,414 | $ 5,825 | $ 5,802 | ||||
Oil & Gas | 109 | 149 | 178 | 207 | ||||
Downstream | 535 | 546 | 526 | 584 | ||||
Technology | 154 | 140 | 138 | 119 | ||||
Total Hydrocarbons business group | 7,774 | 8,249 | 6,667 | 6,712 | ||||
Infrastructure, Government and Power (IGP): | ||||||||
North America Government and Defense | 1,341 | 1,073 | 925 | 1,240 | ||||
International Government and Defense | 1,427 | 1,257 | 1,329 | 1,219 | ||||
Infrastructure and Minerals | 167 | 176 | 221 | 239 | ||||
Power and Industrial | 338 | 455 | 545 | 547 | ||||
Total IGP business group | 3,273 | 2,961 | 3,020 | 3,245 | ||||
Services | 2,302 | 1,565 | 1,955 | 2,156 | ||||
Ventures | 749 | 709 | 704 | 645 | ||||
Total backlog | $ 14,098 | $ 13,484 | $12,346 | $12,758 |
# # #