Quarterly ResultMay 5, 2026, 11:26 AM
KBR Q1 Revenue $1.92B, Net Income $102M; Invests $115M in BRIS
AI Summary
KBR reported first-quarter 2026 revenues of $1.92 billion, a 4.7% decrease from the prior year, with net income attributable to KBR falling 12.1% to $102 million, or $0.80 diluted EPS. Despite the decline in top-line and net income, the company saw a 20.9% increase in cash flows from continuing operations. KBR also made a significant $115 million investment in its BRIS joint venture to acquire a welding and turnaround services provider.
Key Highlights
- KBR invested $115 million in its BRIS joint venture to acquire a welding and turnaround services provider.
- Total revenues decreased 4.7% to $1.92 billion for Q1 2026 from $2.02 billion in Q1 2025.
- Net income attributable to KBR fell 12.1% to $102 million, down from $116 million year-over-year.
- Diluted earnings per share attributable to KBR decreased to $0.80 from $0.88 in the prior year.
- Cash flows provided by operating activities from continuing operations increased 20.9% to $110 million.
- Mission Technology Solutions revenue decreased 6.2% to $1.30 billion.
- Sustainable Technology Solutions revenue decreased 1.6% to $627 million.
- The company declared a cash dividend of $0.165 per share.