As of September 30, 2017, KBR (KBR) had a total debt of $2.7 billion against $3.4 billion at the end of fiscal 2016. Nearly $1.2 billion of that is currently payable.
Classification of contracts KBR (KBR) generates revenue directly or indirectly from new contract awards. The deals KBR and peers (XLI) Jacobs Engineering (JEC) and Chicago Bridge & Iron (CBI) enter into are typically long term. KBR’s contracts are broadly classified as cost-reimbursable, in that prices can be changed depending on actual costs incurred for supplies, […]
Consulting and technical services On January 12, 2016, KBR (KBR) acquired three of Chematur Technologies’ engineering subsidiaries—Weatherly, Plinke, and Chematur Ecoplanning Oy—for $24.5 million. Chematur is a Swedish chemical engineering company specializing in bioethylene technologies. It is owned by China-based aniline trader and producer Connell Chemical Industry. Through subsidiary Brown & Root Industrial Services, KBR acquired MEI […]
KBR’s acquisitions In 2016, four significant acquisitions were made by KBR (KBR) to reorganize its technology business, industrial maintenance welding, and government services under suitable market segments. In this part, we’ll look at KBR’s government service business expansion. Wyle acquisition On July 5, 2016, KBR acquired Wyle for $579 million, using nearly $200 million in […]
Strategic focus and restructuring In December 2014, KBR (KBR) revamped its operations to strengthen its global presence. From 16 business lines servicing many end markets, it narrowed its focus to only two end markets (hydrocarbon and government services) through three segments. Winding down In response to the reorganization plan, KBR sold off its building group […]
In this series, we’ll analyze Chicago Bridge & Iron’s (CBI) business model. We’ll explore how it has expanded its business and evaluate its key operational metrics and financial position.
SO’s subsidiary Georgia Power said in December that it had reached a settlement with contractors regarding the construction of its Vogtle nuclear plant.
Barry Rosenstein’s hedge fund JANA Partners disclosed a new position in URS Corp. (URS) at the end of February 2014. URS is an international provider of engineering, construction, and technical services.
