KBR raises FY23 Adj. EBITDA guidance; resolves legacy litigation, repurchases $100M notes

KBR, INC.

2023-Q2 EPS reported -$1.95 revenue$3,456,000,000

Raised FY2023 Adjusted EBITDA guidance citing strong first-half revenue and cash flow.
Resolved a legacy legal matter and repurchased $100M in convertible notes and warrants.
Backlog and options totaled $21.1B as of June 30, 2023; TTM book-to-bill 1.1x (excl. UK PFIs).
Sustainable Technology Solutions posted 1.4x TTM book-to-bill; won Avina Clean Hydrogen green ammonia project.
Net income was negatively impacted by losses on notes repurchase and legal settlement, but core operations performed well.

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