Financial Performance - Revenues for Q4 2024 were $2.1 billion, up 23% year-over-year, with a 15% organic growth[4] - Adjusted EBITDA for Q4 2024 was $228 million, an increase of 21%, resulting in an Adjusted EBITDA margin of 10.7%[6] - Net income attributable to KBR for Q4 2024 was $76 million, up 262% compared to the prior year[5] - Full fiscal year 2024 revenues reached $7.7 billion, an 11% increase, with Adjusted EBITDA of $870 million, up 16%[3] - Total revenues for the three months ended January 3, 2025, were $2.122 billion, compared to $1.730 billion for the same period in 2023, marking a year-over-year increase of approximately 23%[24] - Net income attributable to KBR for the year ended January 3, 2025, was $375 million, a significant recovery from a net loss of $265 million in the previous year[24] - Adjusted EBITDA for the year ended January 3, 2025, was $870 million, up from $747 million in the prior year, representing a growth of approximately 16%[24] - The company reported a diluted EPS of $2.79 for the year ended January 3, 2025, compared to a diluted loss per share of $1.96 in the previous year[24] - Net income for the year ended January 3, 2025, was $381 million, a significant improvement from a net loss of $261 million for the year ended December 29, 2023[28] - Adjusted EPS for the year ended January 3, 2025, was $3.34, compared to $2.91 for the year ended December 29, 2023, indicating improved earnings performance[36] Shareholder Returns - The company returned $297 million to shareholders in fiscal year 2024 through share repurchases and dividends[13] - A 10% increase in the quarterly dividend to $0.165 per share was approved, payable on April 15, 2025[14] Guidance and Projections - KBR's fiscal year 2025 revenue guidance is projected to be between $8.7 billion and $9.1 billion, representing a growth of 12% to 18% with a midpoint increase of 15%[17] - Adjusted EBITDA for fiscal year 2025 is expected to range from $950 million to $990 million, indicating a growth of 9% to 14% with a midpoint increase of 11%[17] - Adjusted EPS is forecasted to be between $3.71 and $3.95, reflecting an increase of 11% to 18% with a midpoint growth of 15%[17] - Operating cash flows are anticipated to be between $500 million and $550 million, showing growth of 8% to 19% with a midpoint increase of 14%[17] Backlog and Bookings - Bookings and options for Q4 2024 totaled $2.0 billion, maintaining a book-to-bill ratio of 1.0x[6] - KBR's backlog and options as of the fiscal year end totaled $21.2 billion, with a book-to-bill ratio of 1.1x on a trailing-twelve-month basis[4] Acquisitions and Strategic Moves - KBR acquired LinQuest, enhancing its capabilities in advanced engineering and data analytics for national security[2] - The company executed a realignment of its segments to enhance customer service and reduce costs, effective for fiscal 2025[15] Cash Flow and Assets - KBR's total assets increased to $6.663 billion as of January 3, 2025, compared to $5.565 billion as of December 29, 2023, reflecting a growth of approximately 19.7%[26] - Total cash flows provided by operating activities increased to $462 million for the year ended January 3, 2025, compared to $331 million for the previous year[28] - Cash and cash equivalents at the end of the period increased to $350 million from $304 million at the beginning of the period[28] Liabilities and Debt - KBR's total liabilities increased to $5.196 billion as of January 3, 2025, up from $4.171 billion as of December 29, 2023, indicating a growth of approximately 24.5%[26] - The company reported a total of $574 million in borrowings on short-term and long-term debt for the year ended January 3, 2025, compared to no borrowings in the previous year[28] - Interest expense increased to $144 million for the year ended January 3, 2025, from $115 million for the previous year, indicating higher borrowing costs[32] Operating Performance - Operating income for the Global Solutions segment was $453 million for the year ended January 3, 2025, compared to $285 million for the previous year, showing strong growth[34] - Operating cash flows for the three months ended January 3, 2025, were $40 million, down from $83 million for the same period in 2023[39] - Adjusted operating cash flows for the year ended January 3, 2025, were $462 million, slightly down from $463 million in 2023[39] - Operating cash conversion for the three months ended January 3, 2025, was 33%, significantly lower than 88% in the same period of 2023[39] - Adjusted operating cash conversion for the year ended January 3, 2025, was 103%, down from 117% in 2023[39] - Operating cash flow per adjusted share for the three months ended January 3, 2025, was $0.30, compared to $0.61 in the same period of 2023[39] - Adjusted operating cash flow per adjusted share for the year ended January 3, 2025, was $3.45, up from $3.40 in 2023[39] Legal Settlements - The legacy legal settlement after tax was $132 million in 2023, which did not recur in 2025[39]

Core Insights - KBR, Inc. reported strong financial performance for the fourth quarter and fiscal year 2024, with significant revenue and earnings growth, as well as margin expansion [2][4][7] - The company has issued guidance for fiscal year 2025, projecting revenue growth of 12% to 18% and adjusted EBITDA growth of 9% to 14% [20] Fiscal Year 2024 Highlights - Revenues for the fourth quarter reached $2.1 billion, a 23% increase from the previous year, driven by growth across all Government Solutions business units and contributions from the LinQuest acquisition [4][10] - Adjusted EBITDA for the fourth quarter was $228 million, up 21%, with an adjusted EBITDA margin of 10.7% [6][7] - Net income attributable to KBR for the fourth quarter was $76 million, a 262% increase compared to the prior year [5][7] - For the full fiscal year 2024, revenues totaled $7.7 billion, an 11% increase, and adjusted EBITDA was $870 million, up 16% [7][8] Segment Performance - Government Solutions segment revenues were $1.6 billion for the fourth quarter, up 20%, with adjusted EBITDA of $150 million [10][11] - Sustainable Technology Solutions segment revenues reached $524 million, a 30% increase, with adjusted EBITDA of $108 million [12][13] Cash Flow and Capital Deployment - Operating cash flows for the fiscal year were $462 million, with a cash conversion rate of 103% [15][40] - The company returned $297 million to shareholders through share repurchases and dividends during the fiscal year [15][18] Backlog and Bookings - As of the fiscal year end, backlog and options totaled $21.2 billion, with a book-to-bill ratio of 1.0x for the quarter [8][12] - Bookings for the fourth quarter were $2.0 billion, maintaining a book-to-bill ratio of 1.0x [7][8] Fiscal Year 2025 Guidance - KBR projects revenues between $8.7 billion and $9.1 billion for fiscal year 2025, with adjusted EBITDA expected to be between $950 million and $990 million [20][21] - The company anticipates adjusted EPS to range from $3.71 to $3.95, reflecting an increase of 11% to 18% [20]

Core Points - KBR, Inc. has elected Lt. General Wendy M. Masiello as Lead Independent Director, effective from the 2025 annual meeting of stockholders in May 2025 [1] - Lt. General Masiello has been on KBR's Board since August 2017 and has served in various capacities, including Chair of the Cybersecurity Committee [2][3] - KBR's Chair, General Lester L. Lyles, emphasized the Board's confidence in Masiello's leadership and operational experience [3] Company Overview - KBR delivers science, technology, and engineering solutions globally, employing approximately 38,000 people and serving customers in over 80 countries [6] - The company focuses on providing technology, value-added services, and long-term operations and maintenance services [6] Lt. General Wendy M. Masiello's Background - Masiello is a retired three-star General of the U.S. Air Force with extensive experience in defense contracting, managing a $1.4 billion budget and overseeing 20,000 contractors [4] - She has held significant roles in shaping Air Force contracting policy and led a $65 billion Service Acquisition portfolio [4] - Masiello has received numerous awards, including the Defense Superior Service Medal and the Distinguished Service Medal [4] Additional Roles and Contributions - Masiello serves on the boards of several organizations, including StandardAero and EURPAC Service, Inc., and is involved in various committees [5] - She advises the Department of Defense and the U.S. Air Force on acquisition innovation and research [5]

Company Participation in Investor Conferences - KBR will participate in the TD Cowen 46th Annual Aerospace and Defense Conference on February 12, 2025, with Mark Sopp and Jamie DuBray involved in a fireside chat [1] - Jamie DuBray will also participate in investor meetings at Citi's 2025 Global Industrial Tech and Mobility Conference on February 19, 2025 [2] Company Overview - KBR provides science, technology, and engineering solutions globally, employing approximately 37,000 people across 30 countries [3] - The company focuses on delivering technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery with predictable results [3]

Core Points - KBR has been awarded a contract by Weardale Lithium Limited to develop a lithium brine extraction demonstration facility in Eastgate, County Durham, UK [1][2] - The facility aims to scale up to a commercial production target of 10,000 tons per annum of battery-grade lithium carbonate [2][4] - The project utilizes KBR's PureLi® technology in conjunction with Geolith SAS' Li-Capt® Direct Lithium Extraction (DLE) technology, which has already produced battery-grade lithium carbonate at pilot scale [3][4] Company and Industry Insights - KBR's collaboration with Weardale Lithium is part of a broader commitment to sustainable solutions addressing the increasing demand for lithium, crucial for electric vehicles (EVs) and renewable energy storage [4] - The project is expected to contribute over £1 billion to the North East England economy and is recognized in the UK Government's Critical Minerals Strategy, highlighting its importance in the transition to a net-zero economy [4] - Geolith SAS' DLE Li-Capt technology is noted for its selective lithium extraction with low carbon and water usage, emphasizing sustainability in lithium extraction methods [4] - KBR has over seven decades of experience in evaporation and crystallization technologies, focusing on the recovery and purification of critical minerals while adhering to environmental regulations [4][5]

Core Points - KBR has been awarded a $187 million task order by the U.S. Department of State to provide medical support services in Iraq under the MedSSI contract [1][2] - The MedSSI task order will support over 4,000 personnel and includes operating a Diplomatic Support Hospital and four clinics [2][3] - The contract period is five years, running through 2029, and KBR will provide a range of medical services including primary, urgent, and emergency care [2][3] Company Overview - KBR employs approximately 37,000 people globally and operates in over 30 countries, providing technology and engineering solutions [4] - The MedSSI task order marks KBR's first medical support contract with the U.S. Department of State, although the company has a long history of providing health services to NASA and the U.S. military [3][4]

Group 1: Contract and Project Details - KBR, Inc. has been awarded a significant contract to support sustainable energy production in Saudi Arabia, partnering with Saudi Aramco as part of the Master Expansion Program [1] - The contract, running through 2028, involves increasing and maintaining sustainable capacity across the Shaybah field's four Gas-Oil Separation Plants (GOSPs), including enhancements to power plants and well injection facilities [2] - The project emphasizes sustainability by integrating carbon-free energy alternatives, carbon capture, and gas reinjection to reduce emissions, supporting Saudi Aramco's 2060 net-zero goals [3] Group 2: KBR's Legacy and Strategic Positioning - KBR has over four decades of impactful collaboration in Saudi Arabia, advancing sectors such as energy, infrastructure, and sustainability, aligning with Saudi Arabia's Vision 2030 [4] - The awarded contract highlights KBR's strategic positioning in the sustainable energy sector and its role in driving advancements in Saudi Arabia, indicating a robust growth trajectory [8] Group 3: Financial Performance and Market Position - KBR's shares have lost 10.4% in the past six months, compared to a 6.2% decline in the Zacks Engineering - R and D Services industry, with concerns over high costs and expenses [7] - Increased activity in energy transition projects is expected to be beneficial for KBR in the upcoming period [7]

Core Insights - KBR has been awarded a contract to support sustainable energy production in Saudi Arabia, specifically contributing to Saudi Aramco's Master Expansion Program and enhancing gas handling capacity [1][2] - The contract will run until 2028 and focuses on maximizing sustainable capacity across the Shaybah field's Gas-Oil Separation Plants and related facilities [2] - The project emphasizes sustainability through the integration of carbon-free energy alternatives, carbon capture, and gas reinjection, aligning with Saudi Aramco's 2060 net-zero goals [3][4] Company Overview - KBR has over four decades of collaboration with Saudi Arabia, significantly impacting sectors such as energy, infrastructure, and sustainability [4] - The company employs approximately 37,000 people across 33 countries, providing technology and engineering solutions globally [5]

Research and consulting services company KBR, Inc. (NYSE: KBR ) appears headed for robust earnings growth this year and beyond. Meanwhile, its share price is devalued because of fears of spending cuts by the U.S. federalRobert F. Abbott has been investing his family’s accounts since 1995, and in 2010 added options, mainly covered calls and collars with long stocks. He is a freelance writer, and his projects include a website that provides information for new and intermediate-level mutual fund investors. A r ...

KBR, Inc. (KBR) has secured a significant global agreement with BP International Limited to provide engineering, procurement, and construction management (EPCM) services. This three-year agreement, with an option for a two-year extension, covers conventional and new energy projects worldwide, enhancing KBR’s position as a versatile and trusted partner in the energy sector.Shares of KBR gained 1.6% during the trading session yesterday.The contract involves KBR supporting both onshore and offshore projects, s ...