Quarterly ResultMay 5, 2026, 06:02 AM
KBR Q1 Revenues $1.9B (-5%); Net Income $102M (-12%)
AI Summary
KBR, Inc. announced its first quarter fiscal 2026 results, reporting revenues of $1.9 billion, a 5% decrease, and net income attributable to KBR of $102 million, down 12%. Despite these declines, Adjusted EBITDA increased 1% to $251 million, and operating cash flows from continuing operations rose 21% to $110 million. The company also reaffirmed its full-year fiscal 2026 guidance and continues to execute on its planned spin-off of the Mission Technology Solutions segment, targeting completion in January 2027.
Key Highlights
- KBR Q1 Revenues were $1.9 billion, down 5% year-over-year.
- Net income attributable to KBR was $102 million, a 12% decrease year-over-year.
- Adjusted EBITDA increased 1% to $251 million, with Adjusted EPS at $0.96, down 5%.
- Bookings and options totaled $1.9 billion, achieving a 1.1x book-to-bill ratio.
- Operating cash flows from continuing operations rose 21% to $110 million.
- Mission Technology Solutions revenues were $1.3 billion (-6%) and Sustainable Technology Solutions revenues were $627 million (-2%).
- KBR reaffirmed its Fiscal 2026 guidance, projecting revenues of $7.90B-$8.36B and Adjusted EBITDA of $980M-$1.04B.
- The company returned $25 million to shareholders, including $21 million in dividends.