KBR Q2 2024 Earnings Report
Key Takeaways
KBR reported a strong second quarter with revenue of $1.9 billion, up 6% year-over-year, and net income of $106 million. The company raised its profit and cash flow guidance for the year. The acquisition of LinQuest is expected to accelerate KBR's strategy. Bookings and options totaled $2.1 billion during the quarter, resulting in a 1.0x TTM book-to-bill.
Revenue increased by 6% year-over-year to $1.9 billion.
Net income attributable to KBR was $106 million.
Adjusted EBITDA increased by 13% year-over-year to $216 million, with a margin of 11.6%.
Bookings and options in the quarter totaled $2.1 billion, achieving a 1.0x TTM book-to-bill.
KBR
KBR
KBR Revenue by Segment
Forward Guidance
KBR updated its fiscal year 2024 guidance, reflecting increased expectations for profitability and cash flow. The updated guidance does not reflect the anticipated acquisition of LinQuest.
Positive Outlook
- Revenue: $7.4B - $7.7B
- Adjusted EBITDA: $825M - $850M
- Diluted EPS: $2.94 - $3.09
- Adjusted EPS: $3.15 - $3.30
- Operating cash flows: $460M - $480M
Revenue & Expenses
Visualization of income flow from segment revenue to net income