KBR Q2 2022 Earnings Report
Key Takeaways
KBR announced strong second quarter 2022 financial results, with net income attributable to KBR of $94 million, diluted EPS of $0.61, adjusted EPS of $0.76, and adjusted EBITDA margins of 12%. The company delivered a 2.1x book-to-bill ratio and generated $344 million of deployable free cash.
Net income attributable to KBR was $94 million; diluted EPS of $0.61; adj. EPS of $0.76, an increase of 31% over 2021; and 12% adj. EBITDA margins.
Operating cash flow of $125M; added an additional $232M of deployable free cash in the quarter
Book-to-bill of 2.1x
Expanded investment in Mura Technology and acquisition of VIMA Group
KBR
KBR
KBR Revenue by Segment
Forward Guidance
KBR updated its FY 2022 guidance as follows: Consolidated revenue: $6.4 billion to $6.8 billion; Adjusted EBITDA margin: ~10%; Effective tax rate: 24% to 25%; GAAP earnings per share (EPS): $1.09 to $1.21 (updated) and adjusted EPS: $2.53 to $2.65; GAAP operating cash flow (OCF): $330 million to $370 million; adjusted OCF: $360 million to $400 million.
Positive Outlook
- Consolidated revenue: $6.4 billion to $6.8 billion
- Adjusted EBITDA margin: ~10%
- Effective tax rate: 24% to 25%
- GAAP earnings per share (EPS): $1.09 to $1.21 (updated)
- Adjusted EPS: $2.53 to $2.65
Challenges Ahead
- GAAP operating cash flow (OCF): $330 million to $370 million
- Adjusted OCF: $360 million to $400 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income