Loading...
•
Mar 31, 2022
KBR Q1 2022 Earnings Report
KBR delivered strong first quarter results, raised FY 2022 earnings guidance, and made excellent progress toward 2025 long-term targets.
Key Takeaways
KBR had a strong start to 2022, with revenue of $1,714 million, a 17% increase over 2021. Adjusted EPS was $0.62, a 29% increase over 2021, and operating cash flow was $89 million. The company was awarded $1.2 billion of bookings and options, and is raising full year guidance for revenue, adjusted EPS, and operating cash flow.
Revenue of $1.7 billion grew 17% compared to 2021.
Government Solutions posted revenue of $1,459 million, a 25% increase over 2021.
Sustainable Technology Solutions posted $255 million of revenue.
The company won $1.2 billion of awards and options.
KBR
KBR
KBR Revenue by Segment
Revenue by Segment
Sustainable Technology Solutions Revenue
CapyFin.com Forward Guidance
KBR updated its FY 2022 guidance as follows:
Positive Outlook
- Consolidated revenue: $6.4 billion to $6.8 billion (raised)
- Adjusted EBITDA1 margin: ~10%
- GAAP earnings (loss) per share (EPS): $1.02 to $1.14 (updated)
- Adjusted EPS1: $2.53 to $2.65 (raised)
- GAAP operating cash flow (OCF): $330 million to $370 million; adjusted OCF1: $360 million to $400 million (raised).