KBR, Inc. (KBR - $30.50 – NYSE) (KBR, Financial) operates two similar but unrelated businesses; Government Solutions which provides outsourcing services to government entities (mostly the US Government), and Energy Solutions which provides engineering, construction, and maintenance services to global energy and utility companies. Shares performed well during the fourth quarter due to solid third quarter results, strong bookings in both businesses, and continued progress in completing and resolving a troubled Energy Solutions project.
From Keeley Asset Management's Small Cap Dividend Value Fund fourth-quarter shareholder commentary.
