When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate rev ...

Financial Data and Key Metrics Changes - Revenue increased by 6% year-on-year, while adjusted EBITDA rose by 13%, with margins at the group level up by 75 basis points [9][14]. - Year-to-date cash conversion was reported at 121%, indicating strong operational efficiency [9][14]. - Adjusted EBITDA margins reached approximately 11.5%, reflecting effective client delivery and cost discipline [14]. Business Line Data and Key Metrics Changes - Sustainable Technology Solutions (STS) revenue grew by 14% to $458 million, with margins at 21.4%, up from the previous year [15]. - Government segment revenue increased by 3%, with international defense and intelligence growing by 11% and science and space by 1% [16]. - The book-to-bill ratio for STS was 1.1 for the quarter and 1.2 on a trailing 12-month basis, indicating strong performance [10][11]. Market Data and Key Metrics Changes - The company booked approximately $2 billion at the group level, with 92% of work under contract for 2024 [10]. - The government business saw a significant increase in bid volume, with over $2 billion worth of bids submitted and awaiting award under the IAC MAC program [12][16]. Company Strategy and Development Direction - The company plans to realign its business structure from three segments to two, aiming to reduce complexity and realize synergies [30][26]. - The acquisition of LinQuest is seen as a strategic move to enhance capabilities in national security and space, with expected double-digit growth and margins [22][21]. - The focus remains on technology-enabled markets, leveraging high-end technical and digital expertise to differentiate in critical areas [25][26]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth prospects in the Middle East and the U.S. government sectors, particularly following the LinQuest acquisition [33][40]. - The company anticipates continued strong performance in STS, driven by energy security projects and a robust pipeline of opportunities [70][72]. - Management remains cautious about potential volatility in the U.S. market due to upcoming elections but maintains a positive outlook on operational performance [61]. Other Important Information - The company has returned nearly $200 million to shareholders through buybacks and increased dividends in the first half of the year [17]. - The integration of LinQuest is expected to be smooth due to shared ERP platforms, enhancing operational efficiency [24][22]. Q&A Session Summary Question: Can you expand on the realignment and its expected outcomes? - The objective is to reduce complexity by moving from three business units to two, which will allow for better standardization and efficiency [30]. Question: Where do you see the most rapid growth geographically? - Significant growth is expected in the Middle East, with continued activity in the U.S. and the Pacific region [33]. Question: What is the outlook for STS bookings and growth targets for 2025? - Strong momentum in STS bookings is expected to continue, with a robust pipeline globally, particularly in the Middle East [36]. Question: How is the new UK government expected to impact operations? - The UK government remains committed to NATO and energy transition, presenting opportunities for growth [40]. Question: What are the expectations for the R&S segment in Europe? - R&S is diversifying and seeing increased activity, particularly in non-LOGCAP areas, with optimism for the second half of the year [52][54].

KBR, Inc. (KBR) reported mixed second-quarter 2024 results, with earnings surpassing the Zacks Consensus Estimate and revenues missing the same. The top and the bottom line increased on a year-over-year basis.The company performed well across key metrics and expects this trend to continue for the rest of the year. Driven by robust performance in its core business, KBR raised its adjusted EBITDA and cash flow guidance for 2024.However, KBR's stock experienced a 0.9% decline in the pre-market trading session ...

For the quarter ended June 2024, KBR Inc. (KBR) reported revenue of $1.86 billion, up 5.8% over the same period last year. EPS came in at $0.83, compared to $0.74 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.88 billion, representing a surprise of -1.58%. The company delivered an EPS surprise of +5.06%, with the consensus EPS estimate being $0.79.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they comp ...

1 July 24, 2024 QUARTERLY @2024 Stuart Bradie, President and CEO Mark Sopp, Executive VP and CFO Jamie DuBray, VP of Investor Relations FORWARD-LOOKING STATEMENT The statements in this presentation that are not historical statements, including statements regarding our expectations for our future financial performance, effective tax rate, operating cash flows, contract revenues, award activity and backlog, program activity, our business strategy, interest expense, our plans for raising and deploying capital ...

"I am pleased to announce another fantastic quarter in which KBR continues to drive operational excellence and deliver outstanding results for customers. The focus, agility and commitment of our people have the business performing well across our key metrics. We expect this to continue for the rest of the year and thus are raising profit and cash flow guidance," said Stuart Bradie, KBR's President and CEO." Bradie continued, "The announcement of the agreement to acquire LinQuest, an engineering, data analyt ...

KBR, Inc. (KBR) is slated to report its second-quarter 2024 results on Jul 24, 2024, before market open.In the last reported quarter, its adjusted earnings and revenues beat the Zacks Consensus Estimate by 10% and 1.1%, respectively. Also, on a year-over-year basis, the top and bottom lines grew 7% and 15%, respectively.The company’s earnings surpassed the consensus estimate in each of the trailing four quarters, the average surprise being 5%.Trend in Estimate RevisionThe Zacks Consensus Estimate for second ...

HOUSTON, July 22, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today its blue ammonia technology has been selected by Shell for its Blue Horizons low-carbon hydrogen and ammonia project in Duqm, Oman. The facility will utilize KBR's leading ammonia synthesis loop technology to deliver cost-competitive and low-carbon intensity ammonia.Under the terms of the contract, KBR will provide licensed proprietary engineering design for the 3,000 metric tons per day ammonia plant utilizing hydrogen produced by Shell ...

KBR, Inc. (KBR) secured a consulting contract from Kuwait Oil Company to develop a master plan for 17GW of renewable energy and 25GW of green hydrogen production by 2050.Per the contract, the company will provide advisory consulting services to develop a phased strategy for deploying wind and solar power with storage capability. This renewable power will support green hydrogen production for internal use and export. The work will span 18 months and include market analysis, feasibility studies and training f ...

In a bid to expand opportunities for revenue growth and meet customer and market demands, KBR, Inc. (KBR) recently inked a deal to acquire an engineering, data analytics and digital integration company — LinQuest Corporation.The acquisition is expected to be accretive to adjusted earnings per share (EPS) (excluding amortization from purchased intangible assets and non-recurring transaction costs) and is unanimously approved by the KBR board of directors. The deal is worth $737 million, inclusive of modest e ...