KBR reports Q2 adjusted EPS 74c, consensus 72c

Reports Q2 revenue $1.75B, consensus $1.75B. “Once again, the people of KBR have delivered a strong quarter of financial and ESG performance, underpinned by our mission focus and exemplary operational discipline,” said Stuart Bradie, KBR president and CEO. “Revenue and cash flow were strong in the first half of 2023. Net income was negatively impacted due to recorded losses in the second quarter associated with our convertible notes and the settlement of a legacy legal matter. First half Adjusted EBITDA2 and Adjusted EPS2 were outstanding, and as a result of strong, core business performance, we are pleased to announce an increase in our FY 2023 Adjusted EBITDA2 guidance. In response to our ongoing ESG progress, we received a AAA designation in MSCI’s 2023 ESG Ratings, we were named one of America’s Climate Leaders 2023 by USA Today, and we received a gold medal rating from EcoVadis in recognition of our sustainability achievements, ranking KBR among the top 5% of assessed companies.”