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Mar 29, 2024
KBR Q1 2024 Earnings Report
KBR surpassed expectations, delivering strong first-quarter results with growth in Adjusted EBITDA and operating cash flow.
Key Takeaways
KBR announced strong first quarter fiscal 2024 financial results, with year-over-year increases across all key financial metrics, particularly in Adjusted EBITDA and operating cash flow. Revenue was up 7% and Adjusted EBITDA was up 14%.
Revenue of $1.8 billion, up 7% year-over-year.
Net income attributable to KBR of $93 million; Adjusted EBITDA of $207 million, up 14% year-over-year (11.4% Adjusted EBITDA margin).
Diluted EPS of $0.69; Adjusted EPS of $0.77, up 15% year-over-year.
Bookings and options of $1.9 billion during the quarter with 1.1x TTM book-to-bill.
KBR
KBR
Forward Guidance
KBR reaffirms fiscal year 2024 guidance.
Positive Outlook
- Revenue: $7.4B - $7.7B
- Adjusted EBITDA: $810M - $850M
- Diluted EPS: $2.88 - $3.08
- Adjusted EPS: $3.10 - $3.30
- Operating cash flows: $450M - $480M