KBR changes fiscal year from calendar year to 52-53 week year ending on Friday closest to Dec 31

KBR, INC.

Change effective for fiscal year 2023; first 53-week fiscal year in 2024.
New fiscal year ends on Friday closest to December 31; quarterly periods 13 weeks (14 in 53-week Q4).
Change applied prospectively; prior period results not adjusted.
Company cites improved comparability by eliminating calendar month productive day variability.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

KBR, INC.: Company approved change in fiscal year end from calendar year to a 52-53 week year ending on the Friday closest to December 31, effective beginning fiscal year 2023 (effective 2022-12-13).

Change: fiscal year change
Effective: 2022-12-13

Exact text from the filing

On December 13, 2022, KBR, Inc. (the “Company”) approved a change in the fiscal year end from a calendar year ending on December 31 to a 52 – 53 week year ending on the Friday closest to December 31, effective beginning with fiscal year 2023.

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Source: SEC EDGAR

accession 0001357615-22-000181

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