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Jan 03
KBR Q4 2024 Earnings Report
KBR reported strong revenue growth in Q4 2024, driven by government and technology contracts, but faced margin pressures.
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
KBR
KBR Revenue by Segment
Revenue by Segment
Sustainable Technology Solutions Revenue
CapyFin.com 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.