Net income was $71 million or $0.42 per diluted share, in the fourth quarter of 2007, which included income from discontinued operations of $23 million or $0.14 per diluted share. Net income for the fourth quarter of 2006 was $43 million or $0.28 per diluted share, which included a loss from discontinued operations of $2 million or $0.01 per diluted share.
Consolidated revenue in the fourth quarter of 2007 was $2.4 billion, an increase of 4.3% from $2.3 billion in the fourth quarter of 2006. Consolidated operating income was $82 million in the fourth quarter of 2007 compared to $90 million in the fourth quarter of 2006.
Income from continuing operations for the full year of 2007 was $182 million or $1.08 per diluted share, which represents a $128 million or $0.69 per diluted share, increase from the prior year. Net income in 2007 was $302 million or $1.79 per diluted share, compared to the 2006 net income of $168 million or $1.20 per diluted share.
Bill Utt, chairman and CEO of KBR, said: We continued to execute well on our current projects, ramped up work on several of our new awards, and delivered solid operating results. Looking to 2008, KBR is well positioned to capitalize on the attractive growth opportunities before us and to better serve our customers with market leading engineering, construction, and services offerings.
