KBR Q4 2024 Earnings Report
Key Takeaways
KBR delivered Q4 2024 revenues of $2.12 billion, marking a 23% increase year-over-year. Net income rose significantly to $76 million, and adjusted EPS increased to $0.91. Adjusted EBITDA reached $228 million with a 10.7% margin. The company secured $2.0 billion in bookings, maintaining a 1.0x book-to-bill ratio. Looking ahead, KBR projects continued revenue growth and operational efficiency improvements in 2025.
Q4 revenue increased 23% to $2.12 billion, driven by government and technology solutions.
Net income surged to $76 million from $21 million in the prior year.
Adjusted EPS rose 32% to $0.91, supported by revenue growth and operational efficiencies.
KBR secured $2.0 billion in bookings, maintaining a 1.0x book-to-bill ratio.
KBR Revenue
KBR EPS
KBR Revenue by Segment
Forward Guidance
KBR expects strong revenue growth in 2025, projecting revenues between $8.7 billion and $9.1 billion. Adjusted EBITDA is expected to range from $950 million to $990 million, with adjusted EPS forecasted between $3.71 and $3.95.
Positive Outlook
- Projected revenue growth of 12-18% in 2025.
- Adjusted EBITDA expected to increase by 9-14%.
- Strong bookings pipeline with backlog of $21.2 billion.
- Continued investment in sustainable technology and mission-critical solutions.
- Dividend increased by 10%, reflecting confidence in long-term growth.
Challenges Ahead
- Margin pressures from contract disputes and cost adjustments.
- Higher interest expenses impacting profitability.
- Global economic uncertainties could impact government contracts.
- Potential foreign exchange risks from international operations.
- Capital expenditures expected to increase due to ongoing investments.
Revenue & Expenses
Visualization of income flow from segment revenue to net income