KBR (NYSE:KBR) announced today that the Company’s current estimates for
its fiscal year 2009 earnings per diluted share are in-line with the
current range reflected among analyst estimates.
Additionally, the Company’s Board of Directors authorized a share
repurchase program pursuant to which KBR will repurchase shares in the
open market to reduce and maintain, over time, KBR’s outstanding shares
at approximately 160 million shares.
KBR is a global engineering, construction and services company
supporting the energy, petrochemicals, government services and civil
infrastructure sectors. The company offers a wide range of services
through its Downstream, Government and Infrastructure, Services,
Technology, Upstream, and Ventures business segments. For more
information, visit www.kbr.com.
NOTE: The statements in this press release that are not historical
statements, including statements regarding future financial performance
(such as earnings or earnings per diluted share), are forward-looking
statements within the meaning of the federal securities laws. These
statements are subject to numerous risks and uncertainties, many of
which are beyond the company's control, that could cause actual results
to differ materially from the results expressed or implied by the
statements. These risks and uncertainties include, but are not limited
to: the outcome of and the publicity surrounding audits and
investigations by domestic and foreign government agencies and
legislative bodies; potential adverse proceedings by such agencies and
potential adverse results and consequences from such proceedings; the
enforceability of the company’s indemnities from Halliburton Company;
changes in capital spending by the company’s customers; the company’s
ability to obtain contracts from existing and new customers and perform
under those contracts; structural changes in the industries in which the
company operates, escalating costs associated with and the performance
of fixed-fee projects and the company’s ability to control its cost
under its contracts; claims negotiations and contract disputes with the
company’s customers; changes in the demand for or price of oil and/or
natural gas; protection of intellectual property rights; compliance with
environmental laws; changes in government regulations and regulatory
requirements; compliance with laws related to income taxes; unsettled
political conditions, war and the effects of terrorism; foreign
operations and foreign exchange rates and controls; the development and
installation of financial systems; increased competition for employees;
and operations of joint ventures, including joint ventures that are not
controlled by the company.
KBR's Annual Report on Form 10-K dated February 28, 2007, subsequent
Forms 10-Q, recent Current Reports on Forms 8-K, and other Securities
and Exchange Commission filings discuss some of the important risk
factors that KBR has identified that may affect the business, results of
operations and financial condition. KBR undertakes no obligation to
revise or update publicly any forward-looking statements for any reason.
