Tue, Feb 25, 7:56 PM (60 days ago)
KBR, Inc. (NYSE: KBR) reported fiscal 2024 revenues of $7.74 billion—an increase of 11% versus 2023—with net income of $375 million (basic earnings per share of $2.79). The Government Solutions segment saw revenues of $5.87 billion and an operating income jump of 59% to $453 million, driven by high-end defense engineering and international programs, including revenue from the newly acquired LinQuest. The Sustainable Technology Solutions segment experienced a 17% revenue increase to $1.87 billion and a 14% rise in operating income to $370 million, reflecting growth in engineering and professional services. Key financial highlights include improved operating cash flow ($462 million) offset by significant investing uses primarily related to LinQuest’s acquisition. The company continues to execute on a strategy of organic growth, strategic acquisitions, and enhanced cost management while navigating risks from government spending uncertainties, geopolitical shifts, and evolving cybersecurity threats. Additionally, KBR’s debt structure, share repurchase program, and pension funding obligations were detailed. Overall, KBR’s robust performance reinforces its market position and provides positive outlook prospects amid an evolving global defense and technology environment.