Quarterly ResultMay 5, 2026, 06:09 AM
KBR Q1 Revenues Down 5% to $1.9B; Adjusted EBITDA Up 1%
AI Summary
KBR reported its first quarter fiscal 2026 results, with revenues decreasing 5% to $1.9 billion, primarily due to the expected runoff of EUCOM contingency scope. Net income attributable to KBR fell 12% to $102 million, while Adjusted EBITDA increased 1% to $251 million. The company generated strong operating cash flows, up 21% to $110 million, and reaffirmed its full-year fiscal 2026 guidance. KBR also reiterated its strategic intent to spin off its Mission Technology Solutions segment, targeting completion on January 4, 2027, to create two independent public companies.
Key Highlights
- Q1 Revenues decreased 5% YoY to $1.9 billion, primarily due to EUCOM contingency runoff.
- Net income attributable to KBR was $102 million, down 12% YoY; Diluted EPS was $0.80, down 9% YoY.
- Adjusted EBITDA increased 1% YoY to $251 million, achieving a 13.1% margin.
- Operating cash flows from continuing operations rose 21% YoY to $110 million.
- Bookings and options totaled $1.9 billion, resulting in a 1.1x book-to-bill ratio for the quarter.
- Total backlog and options stood at $23.2 billion as of quarter-end.
- KBR reaffirmed its full-year 2026 guidance, including revenues of $7.90B-$8.36B and Adjusted EBITDA of $980M-$1,040M.
- The company reiterated its strategic intent to spin off Mission Technology Solutions, targeting January 4, 2027.
Price Impact
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