NYSE$KBR

KBR Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

KBR announced first quarter 2023 financial results, delivering outstanding results with sequential revenue growth in all business units and strong TTM book-to-bill.

KBR reported strong Q1 2023 results with revenue of $1.7 billion and adjusted EBITDA of $182 million, representing an 11% adjusted EBITDA margin. The company achieved a diluted EPS of $0.56 and an adjusted EPS of $0.67. KBR also reported $3.1 billion in bookings and options during the quarter, resulting in a 1.4x TTM book-to-bill ratio.

  • Revenue of $1.7 billion, up 18% on an ex-OAW year-over-year basis.
  • Net income attributable to KBR of $86 million; Adjusted EBITDA of $182 million (11% Adjusted EBITDA margin).
  • Diluted EPS of $0.56; Adjusted EPS of $0.67, up 22% on an ex-OAW year-over-year basis.
  • Bookings and options of $3.1 billion during the quarter with 1.4x TTM book-to-bill.

Headline financials

Total Revenue

$1.7B

Previous: $1.71B-0.6%
EPS (adj)

$0.67

Previous: $0.62+8.1%
Adj. EBITDA Margin

11.0%

Previous: 10.0%+10.0%
Capital Expenditures

-$19M

Previous: -$6M-216.7%
Free Cash Flow

$67M

Previous: -$77M+187.0%
Net Income

$86M

Previous: -$71M+221.1%
Operating Income

$144M

Previous: -$31M+564.5%
Gross Profit

$245M

Previous: $196M+25.0%
Cash & Equivalents

$416M

Previous: $412M+1.0%
Total Assets

$5.74B

Previous: $5.63B+1.8%

Revenue & EPS history

KBR · Revenue · Quarterly

$1.7B

Q1 2023-0.6%vs Q1 2022
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Revenue by segment

KBR · $375M total across 1 segment · Q1 2023

  • Sustainable Tech Solutions
    $375M+47.1%

Forward guidance

KBR reaffirms its fiscal year 2023 guidance, representing their views as of May 1, 2023.

Tailwinds

  • Revenue: $6.9B - $7.1B
  • Adjusted EBITDA: $715M - $745M
  • Adjusted EPS: $2.76 - $2.96
  • Effective tax rate: 24% - 25%
  • Adjusted operating cash flows: $425M - $460M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

-0.3%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+0.4%

Avg return

30 days after

46%

32 / 69 earnings

Positive

+14.0%

Q2 2012

Best reaction

-13.0%

Q4 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-5.4%-15.8%-6.6%
Q4 2025+3.1%+0.4%-9.3%
Q3 2025-3.2%-1.1%-3.9%
Q1 2025+5.0%+7.0%+1.5%
Q4 2024-3.8%-2.3%+2.0%
Q3 2024-4.8%-4.5%-12.3%
Q2 2024-2.9%-2.9%-2.0%
Q1 2024-0.7%+1.2%-1.7%
Q4 2023+6.4%+7.7%+11.7%
Q3 2023-12.9%-11.8%-9.7%
Q2 2023-2.2%-2.4%-3.9%
Q1 2023+4.1%+3.2%+4.0%
Q4 2022+7.3%+6.2%-1.6%
Q3 2022-6.0%+1.5%+7.1%
Q2 2022-4.1%-3.0%-8.1%
Q1 2022-5.2%-7.4%-4.0%
Q4 2021+5.4%+12.6%+26.7%
Q3 2021+0.5%-1.6%+7.8%
Q2 2021-0.8%-0.3%+0.8%
Q1 2021-2.2%-1.6%+0.7%
Q4 2020-0.4%-3.9%-2.1%
Q3 2020-0.6%+6.8%+26.0%
Q2 2020-0.8%-0.5%+4.0%
Q1 2020-5.2%-10.2%+9.7%
Q4 2019+1.1%-8.4%-53.5%
Q3 2019+7.8%+9.9%+14.0%
Q2 2019-5.0%-9.7%-3.4%
Q1 2019+0.8%+5.9%+0.0%
Q4 2018+7.0%+7.6%+2.2%
Q3 2018+7.9%+8.4%+1.1%
Q2 2018+6.8%+6.9%+14.2%
Q1 2018+4.9%+6.0%+9.4%
Q4 2017-13.0%-14.8%-10.3%
Q3 2017+4.2%+9.0%+0.8%
Q2 2017+9.6%+15.2%+10.7%
Q1 2017-4.2%-3.6%-9.4%
Q4 2016-3.3%-5.9%-14.9%
Q3 2016-4.0%-8.7%+14.4%
Q2 2016-3.7%+2.8%+2.6%
Q1 2016-0.3%
Q4 2015+7.2%
Q3 2015+5.3%
Q2 2015+5.4%
Q1 2015+10.1%
Q4 2014-9.8%
Q3 2014-2.3%
Q2 2014+1.6%
Q1 2014-8.1%
Q4 2013-12.1%
Q3 2013-4.8%
Q2 2013-3.5%
Q1 2013+2.3%
Q4 2012-5.1%
Q4 2010-5.1%
Q4 2011-5.1%
Q3 2012-3.9%
Q2 2012+14.0%
Q1 2012+1.5%
Q3 2011+2.3%
Q2 2011-8.1%
Q1 2011+1.1%
Q3 2010+2.8%
Q2 2010+0.3%
Q1 2010+0.9%
Q4 2009+2.0%
Q4 2007+2.0%
Q3 2008-3.5%
Q3 2009-3.5%
Q4 2008+8.2%

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