Record-Breaking Safety Performance
KBR highlighted its industry-leading safety performance with a total recordable incident rate of 0.05 in 2024, significantly lower than the national average of 0.37, marking the third consecutive year of improvement.
Strong Financial Performance
KBR reported a 13% increase in revenues to $2.1 billion and a 17% increase in adjusted EBITDA to $243 million, with an adjusted EBITDA margin of 11.8%, up 40 basis points year-on-year.
Successful Execution of Growth Strategy
KBR successfully executed its growth strategy, with the LinQuest acquisition contributing to increased bid volumes and alignment with markets and customers globally.
New Contract Wins and Strategic Partnerships
KBR announced several new contracts, including a $970 million award with the US Space Force and strategic partnerships with BP and TerraPower.
Resilient Business Model
KBR's business is described as balanced and resilient, with proactive steps being taken to prepare for evolving conditions. The company continues to leverage its strong balance sheet and cash flow to deliver on capital allocation priorities.