KBR Reports Second Quarter Fiscal 2026 Results

30 Jul KBR Reports Second Quarter Fiscal 2026 Results

(Oilandgaspress) 30/07/26, -Revenues were $2.0 billion, up 2% or $32 million. Growth was driven by the continued ramp-up of recently awarded projects within Sustainable Technology Solutions, as well as growth in Mission Technology Solutions across International Government Clients. Within U.S. Government Defense and Intelligence Clients, reported revenues declined year over year due to the expected runoff of EUCOM contingency-related activity; excluding EUCOM runoff, revenues increased year over year.

Operating income was $172 million, down 11% or $22 million, as higher gross profit was more than offset by one-time spin-off costs and other charges associated with the planned separation.
Net income attributable to KBR was $96 million, up 32% or $23 million, reflecting higher gross profit,
lower selling, general and administrative expenses, lower interest expense and the absence of prior-year losses from discontinued operations associated with the HomeSafe contract termination, partially offset by one-time spin-off costs and other charges related to the planned separation.

Second Quarter Fiscal 2026 Results
(All comparisons against the second quarter fiscal 2025 unless noted.)

• Revenues of $2.0 billion, up 2%
• Net income attributable to KBR of $96 million, up 32%; Operating income of $172 million, down
  11% with an Operating income margin of 8.7%
• Adjusted EBITDA2 of $258 million, up 7% with an Adjusted EBITDA2 margin of 13.0%
• Diluted EPS attributable to KBR of $0.75, up 34%
• Adjusted EPS2 of $0.99, up 9%
• Bookings and options1 of $1.8 billion with 1.1x book-to-bill
  Second Quarter YTD Fiscal 2026 Results
  (All comparisons against the second quarter YTD fiscal 2025 unless noted.)
• Revenues of $3.9 billion, down 2% due to expected EUCOM contingency runoff
• Net income attributable to KBR of $198 million, up 5%; Operating income of $352 million, down
  11% with an Operating income margin of 9.0%
• Adjusted EBITDA2 of $509 million, up 4% with an Adjusted EBITDA2 margin of 13.0%
• Diluted EPS attributable to KBR of $1.55, up 8%
• Adjusted EPS2 of $1.95, up 2%
• Bookings and options1 of $3.7 billion with 1.1x book-to-bill

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