KBR Q2 2023 Earnings Report
Key Takeaways
KBR announced strong second quarter results with revenue up 8% and adjusted EBITDA up 3%. The company raised its FY 2023 Adjusted EBITDA guidance due to strong core business performance. Net income was negatively impacted by losses associated with convertible notes and the settlement of a legacy legal matter.
Delivered strong revenue and cash flow in the first half of 2023.
Increased FY 2023 Adjusted EBITDA guidance.
Resolved legacy litigation and repurchased $100 million in convertible notes.
Bookings and options totaled $21.1 billion, with a 1.1x trailing-twelve-months book-to-bill.
KBR
KBR
KBR Revenue by Segment
Forward Guidance
KBR updated its fiscal 2023 guidance, with revenue remaining at $6.9B - $7.1B, Adjusted EBITDA raised to $730M - $750M, Adjusted EPS at $2.76 - $2.96, effective tax rate at 24% - 25%, and Adjusted operating cash flows at $425M - $460M.
Positive Outlook
- Revenue: $6.9B - $7.1B
- Adjusted EBITDA: $730M - $750M
- Adjusted EPS: $2.76 - $2.96
- Effective tax rate: 24% - 25%
- Adjusted operating cash flows: $425M - $460M
Revenue & Expenses
Visualization of income flow from segment revenue to net income