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Dec 31, 2022

KBR Q4 2022 Earnings Report

KBR's Q4 2022 performance was marked by strong organic revenue growth and enhanced margins, with significant bookings and options secured for future projects.

Key Takeaways

KBR reported strong Q4 and fiscal year 2022 results, driven by outstanding operational performance and enhanced margins. The company secured significant bookings and options, and is well-positioned in strategic end markets with favorable tailwinds. KBR also issued fiscal year 2023 guidance, reflecting confidence in continued growth and stakeholder value.

Revenue of $1.6 billion, up 23% on an ex-OAW year-over-year basis.

Net income attributable to KBR of $93 million with Adjusted EBITDA of $157 million (10% Adjusted EBITDA margin).

Diluted EPS of $0.62 and Adjusted EPS of $0.69, up 60% on an ex-OAW year-over-year basis.

Bookings and options of $1.5 billion during the quarter with 1.2x TTM book-to-bill.

Total Revenue
$1.61B
Previous year: $2.5B
-35.7%
EPS
$0.69
Previous year: $0.69
+0.0%
Adjusted EBITDA Margin
10%
Gross Profit
$206M
Previous year: $238M
-13.4%
Cash and Equivalents
$389M
Previous year: $370M
+5.1%
Free Cash Flow
$28M
Previous year: -$6M
-566.7%
Total Assets
$5.57B
Previous year: $6.2B
-10.3%

KBR

KBR

KBR Revenue by Segment

Forward Guidance

KBR provided fiscal 2023 guidance, with revenue expected to be between $6.9B and $7.1B, Adjusted EBITDA between $715M and $745M, Adjusted EPS between $2.76 and $2.96, an effective tax rate between 24% and 25%, and operating cash flows between $425M and $460M.

Revenue & Expenses

Visualization of income flow from segment revenue to net income