NYSE$KBR

KBR Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

KBR's Q4 2022 performance was marked by strong organic revenue growth and enhanced margins, with significant bookings and options secured for future projects.

KBR reported strong Q4 and fiscal year 2022 results, driven by outstanding operational performance and enhanced margins. The company secured significant bookings and options, and is well-positioned in strategic end markets with favorable tailwinds. KBR also issued fiscal year 2023 guidance, reflecting confidence in continued growth and stakeholder value.

  • Revenue of $1.6 billion, up 23% on an ex-OAW year-over-year basis.
  • Net income attributable to KBR of $93 million with Adjusted EBITDA of $157 million (10% Adjusted EBITDA margin).
  • Diluted EPS of $0.62 and Adjusted EPS of $0.69, up 60% on an ex-OAW year-over-year basis.
  • Bookings and options of $1.5 billion during the quarter with 1.2x TTM book-to-bill.

Headline financials

Total Revenue

$1.61B

Previous: $2.5B-35.7%
EPS (adj)

$0.69

Previous: $0.69+0.0%
Adj. EBITDA Margin

10.0%

No prior period
Capital Expenditures

$32M

Previous: $8M+300.0%
Free Cash Flow

$28M

Previous: -$6M+566.7%
Net Income

$93M

Previous: $68M+36.8%
Operating Income

$122M

Previous: $129M-5.4%
Gross Profit

$206M

Previous: $238M-13.4%
Cash & Equivalents

$389M

Previous: $370M+5.1%
Total Assets

$5.57B

Previous: $6.2B-10.3%

Revenue & EPS history

KBR · Revenue · Quarterly

$1.61B

Q4 2022-35.7%vs Q4 2021
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Revenue by segment

KBR · $352M total across 1 segment · Q4 2022

  • Sustainable Tech Solutions
    $352M+17.3%

Forward guidance

KBR provided fiscal 2023 guidance, with revenue expected to be between $6.9B and $7.1B, Adjusted EBITDA between $715M and $745M, Adjusted EPS between $2.76 and $2.96, an effective tax rate between 24% and 25%, and operating cash flows between $425M and $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 Q4 2022

Historical avgQ4 2022

-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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