Untitled Document
Taking a Closer Look at the Stories Ignored by the Corporate Media
Donate | Fair Use Notice | Who We Are | Contact

NEWS
All News
9-11
Corporatism
Disaster in New Orleans
Economics
Environment
Globalization
Government / The Elite
Human Rights
International Affairs
Iraq War
London Bombing
Media
Police State / Military
Science / Health
Voting Integrity
War on Terrorism
Miscellaneous

COMMENTARY
All Commentaries
9-11
CIA
Corporatism
Economics
Government / The Elite
Imperialism
Iraq War
Media
Police State / Military
Science / Health
Voting Integrity
War on Terrorism

SEARCH/ARCHIVES
Advanced Search
View the Archives

E-mail this Link   Printer Friendly

CORPORATISM -
-

Halliburton sees earnings doubling in coming years

Posted in the database on Thursday, June 08th, 2006 @ 15:45:52 MST (1886 views)
from ABC News  

Untitled Document

Energy services company Halliburton Co. expects net income and earnings per share to double over the next three to five years, Chief Financial Officer Cris Gaut said on Thursday.

In a presentation to investors, Gaut also forecast revenue growth for the energy services group of the company of 20 percent per year or more over the next three to five years.

Once it spins off an interest in its engineering and construction arm KBR, Halliburton will be more of a pure-play energy services company.

Gaut said the company would use the proceeds from the initial public offering of a KBR stake to help fund its acquisition strategy.

The company will spend $1 billion to $2 billion a year on deals, Gaut said, to add technology, expand its geographic reach and make better use of its distribution network.

"It's an additive strategy, not a transformative strategy," Gaut said at the investor and analyst day, monitored via Web cast.

Earlier in the day, Chairman and Chief Executive Dave Lesar said the company had completed a turnaround, after years of being battered by asbestos liabilities and other issues.

"We are leaner, meaner, tougher and more focused than we've ever been," said Lesar, who succeeded Vice President Dick Cheney as CEO. "We've got the best set of management we've ever had in this company."



Go to Original Article >>>

The views expressed herein are the writers' own and do not necessarily reflect those of Looking Glass News. Click the disclaimer link below for more information.
Email: editor@lookingglassnews.org.

E-mail this Link   Printer Friendly




Untitled Document
Disclaimer
Donate | Fair Use Notice | Who We Are | Contact
Copyright 2005 Looking Glass News.