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Sep 29, 2023
KBR Q3 2023 Earnings Report
KBR demonstrated strong financial performance in Q3 2023, driven by organic revenue growth and solid margins.
Key Takeaways
KBR reported a 9% organic revenue growth and strong margins in Q3 2023. The company secured $3.5 billion in bookings and options during the quarter, achieving a 1.2x trailing-twelve-months book-to-bill ratio. KBR also retired the remaining convertible debt balance, reducing financial uncertainty and demonstrating financial discipline.
Delivered 9% organic revenue growth.
Achieved strong margins.
Secured $3.5 billion in bookings and options, with a 1.2x TTM book-to-bill ratio.
Retired the remaining convertible debt balance.
KBR
KBR
KBR Revenue by Segment
Revenue by Segment
Sustainable Technology Solutions Revenue
CapyFin.com Forward Guidance
KBR reaffirms its fiscal year 2023 guidance, with revenue expected to be between $6.9 billion and $7.1 billion, adjusted EBITDA between $730 million and $750 million, and adjusted EPS between $2.76 and $2.96.
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
Challenges Ahead
- Diluted EPS: $(1.88) - $(1.68)
- Uncertainty in predicting legal proceedings outcomes.
- Uncertainty in predicting unusual gains and losses.
- Uncertainty in predicting acquisition-related expenses.
- Potential material impact on GAAP results.