Strong Financial Performance
KBR delivered solid performance with $2 billion in revenue and adjusted EBITDA of $242 million, resulting in a margin of 12.4%, up 70 basis points year-over-year.
Growth in Key Markets
KBR continues to execute its growth strategy with success in the Middle East and key defense areas, and won major contracts including the Djibouti based operations contract worth $476 million.
Resilient Business Model
Despite challenges, KBR maintains a balanced and resilient business portfolio, with strong performance in unconsolidated joint ventures, particularly in LNG, driving a 23.9% margin improvement in STS.
Positive Pipeline and Bidding Environment
KBR has a record $19 billion in bids awaiting award in MTS, with 72% representing new business, and expects to increase bid submittals by 30% in 2025.
Commitment to Shareholder Value
The company executed a balanced capital deployment strategy, with $245 million returned to shareholders year-to-date and a 3% reduction in share count.