Quarterly ResultJul 30, 2026, 06:08 AM
KBR to Spin Off MTS as Trinzic; Q2 Revenue $2.0B, EPS $0.75
AI Summary
KBR, Inc. reported its second quarter fiscal 2026 results, with revenues increasing 2% to $2.0 billion and net income attributable to KBR rising 32% to $96 million. Diluted EPS also saw a significant 34% increase to $0.75. The company reaffirmed its plan to spin off its Mission Technology Solutions segment, now named Trinzic, targeting completion in early fiscal 2027. Despite strong earnings growth and strategic progress, operating income declined due to spin-off costs, and operating cash flows decreased significantly.
Key Highlights
- KBR announced its intention to spin off its Mission Technology Solutions segment as Trinzic, targeting completion on January 4, 2027.
- Q2 2026 Revenues were $2.0 billion, an increase of 2% year-over-year.
- Net income attributable to KBR for Q2 2026 was $96 million, up 32% year-over-year.
- Diluted EPS attributable to KBR for Q2 2026 was $0.75, an increase of 34% year-over-year.
- Adjusted EBITDA for Q2 2026 reached $258 million, up 7% year-over-year.
- Bookings and options for the quarter totaled $1.8 billion, resulting in a 1.1x book-to-bill ratio.
- Operating cash flows from continuing operations for Q2 2026 were $50 million, down 77% year-over-year.
- KBR reaffirmed its full-year fiscal 2026 guidance, including revenues of $7.90B-$8.36B and Adjusted EPS of $3.87-$4.22.
Price Impact
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