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Mar 31, 2023
KBR Q1 2023 Earnings Report
KBR announced first quarter 2023 financial results, delivering outstanding results with sequential revenue growth in all business units and strong TTM book-to-bill.
Key Takeaways
KBR reported strong Q1 2023 results with revenue of $1.7 billion and adjusted EBITDA of $182 million, representing an 11% adjusted EBITDA margin. The company achieved a diluted EPS of $0.56 and an adjusted EPS of $0.67. KBR also reported $3.1 billion in bookings and options during the quarter, resulting in a 1.4x TTM book-to-bill ratio.
Revenue of $1.7 billion, up 18% on an ex-OAW year-over-year basis.
Net income attributable to KBR of $86 million; Adjusted EBITDA of $182 million (11% Adjusted EBITDA margin).
Diluted EPS of $0.56; Adjusted EPS of $0.67, up 22% on an ex-OAW year-over-year basis.
Bookings and options of $3.1 billion during the quarter with 1.4x TTM book-to-bill.
KBR
KBR
KBR Revenue by Segment
Revenue by Segment
Sustainable Technology Solutions Revenue
CapyFin.com Forward Guidance
KBR reaffirms its fiscal year 2023 guidance, representing their views as of May 1, 2023.
Positive Outlook
- Revenue: $6.9B - $7.1B
- Adjusted EBITDA: $715M - $745M
- Adjusted EPS: $2.76 - $2.96
- Effective tax rate: 24% - 25%
- Adjusted operating cash flows: $425M - $460M