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What: Shares of KBR (NYS: KBR) popped today, up by 11% at the high, after the company provided financial guidance and outlook for its fiscal 2012.
So what: For fiscal 2012, the company expects diluted earnings per share in the ballpark of $2.45 to $2.80, which is mostly in line with the market's expectation of $2.66. KBR sees revenue for the year between $300 million and $500 million for the LogCAP project, and an estimated 28% overall effective tax rate.
Now what: KBR also guided its general and administration expense between $240 million and $250 million, with capital expenditures expected to be $100 million. Included in the figures is roughly $20 million to $25 million of expense and $60 million to $65 million of capital for a new ERP system. KBR CEO Bill Utt expressed confidence in the outlook and said, "We are excited about the series of project opportunities in front of us and feel we have the flexibility within our company to manage around the timing uncertainties in the market today."
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