KBR, Inc. Q3 Earnings Report

HOUSTON – KBR, Inc. (NYSE: KBR) reported third-quarter earnings that met analyst expectations while raising its full-year outlook due to strong bookings momentum.

The engineering and construction company posted adjusted earnings per share of $0.84 in Q3, aligning with Wall Street estimates. Revenue reached $1.95 billion, slightly below the consensus forecast of $1.96 billion but reflecting a 10% increase year-over-year.

> "KBR's exceptional team has once again exceeded expectations with outstanding third-quarter results," stated Stuart Bradie, KBR's President and CEO. He highlighted the company's growth across all financial metrics year-over-year.

Bookings and options totaled $3.3 billion in Q3, resulting in a book-to-bill ratio of 1.2x for the quarter. KBR's total backlog stood at $22.1 billion at the end of the quarter.

KBR raised its full-year 2024 guidance, now expecting revenue of $7.5-$7.7 billion, an increase from the previous $7.4-$7.7 billion range. It also boosted its adjusted EPS outlook to $3.20-$3.30, compared to prior expectations of $3.15-$3.30.

This improved outlook reflects KBR's strong operational performance and the recent acquisition of LinQuest, which enhances its capabilities in space and defense missions.

> "With strong performance across KBR and the integration of LinQuest progressing well, I am pleased to announce an increase in Revenue, Adjusted EBITDA, and Adjusted EPS guidance for 2024," Bradie stated.

KBR shares remained unchanged in pre-market trading following the earnings release.

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