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Jun 30, 2023
KBR Q2 2023 Earnings Report
Announced second quarter 2023 financial results and raised FY 2023 financial guidance for Adjusted EBITDA.
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.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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