---
schema_version: "secwatch.filing_event.v1"
accession: "0001357615-23-000106"
form_type: "8-K"
ticker: "KBR"
cik: "0001357615"
company_name: "KBR, INC."
filed_at: "2023-05-01T23:59:59+00:00"
generated_at: "2026-06-16T04:45:22.146958+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# KBR Q1 2023 net income $86M, adjusted EPS $0.67, bookings $3.1B, 1.4x TTM book-to-bill

## Summary
- Revenue $1,703M flat YoY but up 18% ex-OAW; net income $86M vs -$71M in Q1'22.
- Adjusted EBITDA $182M (11% margin) vs $154M; adjusted EPS $0.67 vs $0.62.
- Bookings $3.1B in quarter; TTM book-to-bill 1.4x; STS segment 1.9x.
- Strategic awards: $0.8B LNG plant phase, BP hydrogen project, SAF tech launch, green ammonia contract.
- Government Solutions growth on LOGCAP V, TENCAP, and classified programs.

## SEC filing metadata
- accession: 0001357615-23-000106
- form_type: 8-K
- ticker: KBR
- cik: 0001357615
- company_name: KBR, INC.
- filed_at: 2023-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1357615/000135761523000106/0001357615-23-000106-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1357615/000135761523000106/kbr-20230501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001357615-23-000106
- JSON: https://secwatch.observer/filing/0001357615-23-000106.json
- Plain text: https://secwatch.observer/filing/0001357615-23-000106.txt

## Key facts
- Earnings Releases
  KBR, INC. reported Three Months Ended March 31, 2023 results: revenue $1,703, net income $86, EPS $0.56.
  - Period: Three Months Ended March 31, 2023
  - Revenue: $1,703
  - Net income: $86
  - EPS: $0.56
  - Result: reported results
  source text: Summarized First Quarter Fiscal 2023 Financial Results Three Months Ended March 31, Dollars in millions, except share data 2023 2022 Revenues $ 1,703 $ 1,714 Operating income $ 144 $ (31) Net income attributable to KBR $ 86 $ (71) Adjusted EBITDA 1 $ 182 $ 154 Operating income margin % 8 % (2) % Adjusted EBITDA 1 margin % 11 % 9 % Earnings per share: Diluted earnings per share $ 0.56 $ (0.51) Adjusted earnings per share 1 $ 0.67 $ 0.62 Cash flows: Operating cash flows $ 35 $ 89 Adjusted operating cash flows 1 $ 35 $ 89 Adjusted free cash flows 1 $ 16 $ 83
  evidence_url: https://www.sec.gov/Archives/edgar/data/1357615/000135761523000106/0001357615-23-000106-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.