KBR Q3 2023 Earnings Report
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
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income