NYSE$KBR

KBR Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

KBR demonstrated strong financial performance, driven by operational excellence and strategic growth initiatives.

KBR reported a strong second quarter with revenue of $1.9 billion, up 6% year-over-year, and net income of $106 million. The company raised its profit and cash flow guidance for the year. The acquisition of LinQuest is expected to accelerate KBR's strategy. Bookings and options totaled $2.1 billion during the quarter, resulting in a 1.0x TTM book-to-bill.

  • Revenue increased by 6% year-over-year to $1.9 billion.
  • Net income attributable to KBR was $106 million.
  • Adjusted EBITDA increased by 13% year-over-year to $216 million, with a margin of 11.6%.
  • Bookings and options in the quarter totaled $2.1 billion, achieving a 1.0x TTM book-to-bill.

Headline financials

Total Revenue

$1.86B

Previous: $1.75B+5.8%
EPS

$0.79

Previous: $0.74+6.8%
Adj. EBITDA Margin

11.7%

Previous: 11.0%+6.4%
Operating Income Margin

9.7%

No prior period
Operating Cash Conversion

141.0%

No prior period
Capital Expenditures

-$35M

Previous: -$38M+7.9%
Free Cash Flow

$71M

Previous: -$389M+118.3%
Net Income

$106M

Previous: -$351M+130.2%
Operating Income

$181M

Previous: $10M+1710.0%
Gross Profit

$271M

Previous: $251M+8.0%
Cash & Equivalents

$414M

Previous: $539M-23.2%
Total Assets

$5.76B

Previous: $6.29B-8.3%

Revenue & EPS history

KBR · Revenue · Quarterly

$1.86B

Q2 2024+5.8%vs Q2 2023
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Revenue by segment

KBR · $425M total across 1 segment · Q3 2023

  • Sustainable Tech Solutions
    $425M+27.6%

Forward guidance

KBR updated its fiscal year 2024 guidance, reflecting increased expectations for profitability and cash flow. The updated guidance does not reflect the anticipated acquisition of LinQuest.

Tailwinds

  • Revenue: $7.4B - $7.7B
  • Adjusted EBITDA: $825M - $850M
  • Diluted EPS: $2.94 - $3.09
  • Adjusted EPS: $3.15 - $3.30
  • Operating cash flows: $460M - $480M

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 Q2 2024

Historical avgQ2 2024

-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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