Strong Financial Performance
KBR delivered $2.1 billion of revenue in Q4, bringing the 2024 total to $7.7 billion, representing a 23% growth for the quarter and 11% for the year. Adjusted EBITDA was $228 million for the quarter and $870 million for the full year, with an adjusted EBITDA margin up 50 basis points year-over-year.
Significant Contract Wins and Strategic Initiatives
KBR secured a $445 million contract for the DoD and an $88 million contract for rapid prototyping. Key wins include Lake Charles LNG project and several engineering roles with Shell, Oman LNG, and Saudi Aramco.
Growth in Sustainable Tech Solutions
Sustainable Tech Solutions revenue increased by 30% in Q4, with adjusted EBITDA margins at 20.6%. The full-year revenue was up 17%, demonstrating strong demand in ammonia, energy security, and decarbonization.
Successful Realignment and Resilient Business Model
KBR realigned its segments into Mission Tech and Sustainable Tech, enhancing agility and alignment with markets. The company also completed the acquisition of LinQuest, further solidifying its market position.
Positive Outlook for 2025
KBR expects double-digit growth in 2025, with projected revenues of $8.7 billion to $9.1 billion and adjusted EBITDA of $950 million to $990 million, supported by ongoing strategic execution and strong backlog.