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Dec 29, 2023
KBR Q4 2023 Earnings Report
KBR announced its fourth quarter and fiscal year 2023 financial results, demonstrating strong performance and issuing fiscal year 2024 guidance.
Key Takeaways
KBR reported an 8% increase in revenue to $1.73 billion for Q4 2023, with adjusted EBITDA rising by 20% to $188 million. The company's backlog and options totaled $21.7 billion, reflecting a 10% increase year-over-year, and it achieved a book-to-bill ratio of 1.1x. KBR also settled convertible notes and warrants in cash, avoiding dilution, and increased its annual dividend by 11%.
Revenue increased by 8% (organic) year-over-year to $1.7 billion.
Adjusted EBITDA increased by 20% to $188 million with a margin of 10.9%.
Diluted EPS was $0.15, and adjusted EPS was $0.69.
Bookings and options totaled $1.7 billion for the quarter, resulting in a 1.1x TTM book-to-bill ratio.
Revenue by Segment
Forward Guidance
KBR provided its fiscal year 2024 guidance, outlining expectations for revenue, adjusted EBITDA, diluted EPS, adjusted EPS, and operating cash flows.
Positive Outlook
- Revenue: $7.4B - $7.7B
- Adjusted EBITDA: $810M - $850M
- Diluted EPS: $2.89 - $3.09
- Adjusted EPS: $3.10 - $3.30
- Operating cash flows: $450M - $480M
Historical Earnings Impact
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Avg. Return Before/After Earnings
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