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KBR Q2 earnings call highlights. July 31, 2026 Key points. * KBR reported solid second-quarter results, with revenue rising 2% to approximately $2 billion, adjusted EBITDA increasing to $258 million and adjusted EPS reaching $0.99. The company reaffirmed its full-year guidance, citing profitable growth, margin expansion and improving project activity. * STS revenue grew 10% to $676 million, while backlog reached a record $5.5 billion and book-to-bill was 1.5 times. Despite lower quarterly EBITDA from project mix, management maintained its outlook for mid-teens revenue growth and margins. * KBR is advancing the planned January 4, 2027, spinoff of Mission Technology Solutions under the Trinzic name. Separation preparations are progressing, with IRS and SEC reviews underway and investor days planned for November. * Interested in KBR? Here are five stocks we like better. KBR NYSE: KBR reported second-quarter 2026 revenue of approximately $2 billion, up 2% from the prior-year period, while adjusted EBITDA rose $16 million to $258 million and adjusted EPS increased $0.08 to $0.99. The company said first-half results were tracking slightly ahead of its planned cadence and reaffirmed its full-year guidance for revenue, adjusted EBITDA, adjusted EPS and adjusted operating cash flow. President and CEO Stuart Bradie said the company continued to execute while preparing to separate into two standalone businesses. The planned spinoff of its Mission Technology Solutions business, which will be named Trinzic, remains targeted for Jan. 4, 2027. "We delivered profitable growth, expanded margins, and continued to see healthy momentum across both segments as we enter the second half of the year," Chief Financial Officer Shad Evans said. Consolidated results and cash flow. Second-quarter revenue increased $32 million year over year. Excluding elevated EUCOM contingency activity in 2025, revenue rose approximately $91 million, or roughly 5%, driven by the ramp-up of recently awarded projects across both business segments. Adjusted EBITDA margin expanded about 60 basis points to 13%, which the company attributed to project execution, portfolio mix and cost management. Adjusted EPS benefited from operating performance, lower below-the-line expenses and a lower diluted share count following repurchases. First-half adjusted operating cash flow was $183 million, representing adjusted operating cash-flow conversion of about 74%. Evans said second-quarter cash flow reflected the timing of collections in the Middle East within the Sustainable Technology Solutions, or STS, segment. Collections began to normalize in July, and management maintained its full-year cash-flow outlook. Net leverage ended the quarter at approximately 2.3 times trailing adjusted EBITDA, flat from the prior quarter and below the company's 2.5-times target. During the first half, KBR invested roughly $190 million to strengthen its portfolio and returned $71 million to shareholders through dividends and repurchases. The company repurchased about $25 million of stock during the second quarter. STS revenue grows as backlog reaches record. STS revenue increased 10% year over year to $676 million, supported by projects awarded over the prior 12 months and growth in the Middle East, Latin America, Asia and Australia. Revenue also rose 8% sequentially. Management said the performance supports its expectation for mid-teens STS revenue growth for the full year. Discover more Market Cap Calculator Company Earnings STS adjusted EBITDA declined $11 million from a year earlier to $123 million, as the quarter included a larger proportion of lower-margin equipment procurement activity. Adjusted EBITDA margin was 18.2%; excluding LNG joint-venture earnings, the margin was approximately 13%. Year-to-date adjusted EBITDA margin excluding LNG joint-venture earnings was approximately 14.5%, which Evans said keeps the business on track for its full-year mid-teens margin outlook on that basis. The segment's second-quarter book-to-bill ratio was 1.5 times, and its trailing 12-month ratio was 1.3 times. Backlog reached a record $5.5 billion, up 40% year over year, while its near-term pipeline exceeded $6 billion excluding large reimbursable LNG EPC opportunities. Work already under contract represents about 80% of the midpoint of STS's 2026 revenue guidance, according to the company. Bradie said about 34% of year-to-date STS bookings were tied to operating-expenditure-based contracts, including work in the Middle East and the Americas through Brown & Root. First-half bookings in the Middle East exceeded $900 million across oil, gas, natural-gas-liquids and energy-infrastructure projects. The company also cited its first commercial PureSAF license awards and continuing demand for ammonia technology, including a recent Pampa Energía award in the Americas. Bradie said the company is not depending on a single project to replace the eventual roll-off of Plaquemines, which he said continues through the first half of 2027. Mission tech margins expand; Trinzic brand introduced. Mission Technology Solutions, or MTS, reported revenue of $1.3 billion, down $28 million from the prior year. Excluding EUCOM contingency activity, however, segment revenue rose about $31 million, or 2%, driven by activity in Australia and the U.K., partly offset by U.S. project completions. MTS adjusted EBITDA increased $22 million to $158 million, while margin expanded roughly 190 basis points to 12.1%. The results benefited from favorable mix, cost management and contract closeouts. Year-to-date margins were 11.4%, ahead of the company's full-year outlook. Evans said the company continues to view a long-term margin target of more than 10% as appropriate for the business through year-end. MTS had a second-quarter book-to-bill ratio of 0.8 times and a trailing 12-month ratio of 1.0 times. Management said those figures exclude approximately $1.6 billion of awarded work that remains under protest, including contracts related to National Science Foundation Antarctica operations, Department of State work in Iraq and classified PACOM logistics. About 94% of MTS's full-year revenue guidance is already under contract, KBR said. The business also has roughly $10.4 billion awaiting award and expects more than $25 billion of bid volume during 2026, up about 50% year over year. KBR introduced Trinzic as the name for the MTS spinoff. Bradie said the business will focus on supporting governments, partners and allies across national security and space through technology, mission expertise and connected systems. Michael LaRouche is expected to join as Trinzic's CEO-designate in September, while Nick Visi joined as CFO-designate earlier in the month. Separation work advances toward January 2027. The company said it submitted its final private-letter-ruling request to the IRS in June and expects a final ruling in September. KBR also continues through the SEC's review of its Form 10 and expects a public filing before its next earnings call. Operational work including IT systems, contract bifurcation, procurement separation, corporate budgeting and organizational design is progressing, management said. The company has assigned corporate employees to their future organizations and is filling remaining critical roles. Bradie said KBR is taking actions before the separation to reduce standalone costs and mitigate dissynergies, including organizational simplification, productivity initiatives and real-estate rationalization. The company plans to host investor days for new KBR and Trinzic in New York in November to discuss each business's standalone strategy, financial framework and priorities. About KBR (NYSE:KBR). KBR, Inc is a global engineering, procurement, construction and services (EPC&S) company headquartered in Houston, Texas. The firm delivers integrated solutions and technologies across the full project lifecycle for customers in the energy, government, industrial and infrastructure sectors. Its offerings span feasibility studies, front-end engineering design, detailed design, procurement, fabrication, construction, commissioning and operations support. The company is organized into business segments that include Energy Solutions, which focuses on oil and gas processing, liquefied natural gas (LNG) facilities and petrochemical plants; Government Solutions, providing logistics, sustainment, training and mission support for defense, intelligence and civilian agencies; and Sustainable Technology, delivering chemical process technologies, water treatment and lower-carbon fuels expertise. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider KBR, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and KBR wasn't on the list. While KBR currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. Enter your email address and we'll send you MarketBeat's list of ten stocks set to soar in Summer 2026, despite the threat of tariffs and what's happening in Iran. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.

KBR, a government and sustainable technology solutions company, reported second-quarter revenue of $1.98 billion, beating analyst estimates by 3.6% with year-on-year growth of 1.6%. The company's adjusted earnings per share of $0.99 exceeded expectations by 9.5%. KBR's full-year revenue guidance of $8.13 billion came in 1.8% above analyst estimates. The company reconfirmed this guidance alongside its adjusted earnings per share forecast of $4.05 at the midpoint. The firm's backlog stood at $17.81 billion at quarter end, up 6.6% year on year. However, operating margin declined to 8.7% from 9.9% in the prior-year quarter, whilst free cash flow margin fell to 1.3% from 10.4%. Chief executive Stuart Bradie said the company delivered a strong first half whilst positioning both businesses for long-term success as it advances towards separation.

KBR unveils Trinzic as new name for planned independent Mission Technology Solutions company. HOUSTON, July 30, 2026 (GLOBE NEWSWIRE) - KBR (NYSE: KBR) announced today the new name, logo and tagline for its Mission Technology Solutions business, which, as previously announced, KBR plans to spin off into an independent public company. The spin-off is currently expected to be completed in January 2027, and the new company will operate under the name Trinzic. As a standalone company, Trinzic is expected to be a trusted global company, supporting its customers' critical missions with speed and expertise across national security and space, and backed by decades of delivering at-scale operations. The name Trinzic comes from the word intrinsic, reflecting essential, built-in capabilities and deep expertise operating in some of the world's most complex and mission-critical environments. In addition to the name, KBR also announced Trinzic's new brand mark, in which a stylized letter "N" represents an "axis of action" from which complexity becomes clarity and clarity becomes the certainty to act. The shape of the "N" also subtly resembles the infinity symbol, reinforcing ideas of innovation, continuous advancement, and long-term impact. The color palette pairs sunrise orange, representing energy, innovation, and action, with midnight gray, which conveys precision, sophistication, quality and timelessness. "Trinzic represents who KBR Mission Tech has always been at our core: an essential partner bringing innovation and trusted execution to the missions that matter most," said KBR President and CEO Stuart Bradie. "The new Trinzic brand represents both our strong heritage and the tremendous opportunity ahead. Our teams aim to deliver solutions that address some of the world's most critical national priorities every day, and this new identity captures the purpose-driven culture and mission focus that we expect to continue to define the company moving forward." The new brand identity was developed to reflect the company's forward-looking strategy while honoring the technical excellence, agility and customer trust that have long distinguished the Mission Technology Solutions business in the market. Global branding firm Siegel + Gale led the development of the brand identity. The tagline for Trinzic is "The Bold. Connected.(TM)" The tagline reflects a promise - to stand with the bravery of those who take on the hardest missions and to ensure they are never alone in delivering them. Connection is both capability and responsibility: Trinzic will connect systems and solutions to customers and brings insight, experience and the clarity required to act decisively. Trinzic's teams will be connected to one another and their work, contributing directly to bold outcomes and mission success. They are not adjacent to impact; they are part of it. The Trinzic branding announcement follows news of the recent appointments of Michael LaRouche as President and CEO - Designate and Nicholas Veasey as Executive Vice President and Chief Financial Officer - Designate, who will serve as President and CEO and Chief Financial Officer, respectively, of Trinzic at the time of the spin-off. As previously announced, KBR intends to separate the Mission Technology Solutions business into an independent, publicly traded company in a transaction intended to be tax-free to KBR and its shareholders for U.S. federal income tax purposes, subject to customary conditions and approvals. Following the spin-off, the Sustainable Technology Solutions (STS) business will continue to operate under the KBR name. Visit Trinzic.com. About KBR Sino American Oil Company deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 37,000 people worldwide with customers in more than 85 countries and operations in over 28 countries. KBR is proud to work with its customers across the globe to provide technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, Sino American Oil Company Deliver. Forward Looking Statements The statements in this press release that are not historical statements, including statements regarding KBR's planned spin-off of its Mission Technology Solutions business, the anticipated timing, structure, benefits and tax treatment of the spin-off transaction, and expectations regarding the performance and operations of Trinzic following the spin-off transaction, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks, uncertainties and assumptions, many of which are beyond KBR's control, that could cause actual results to differ materially from the results expressed or implied by the statements. These risks, uncertainties and assumptions include, but are not limited to, those set forth in KBR's most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks and other U.S. Securities and Exchange Commission filings, which discuss some of the important risks, uncertainties and assumptions that the company has identified that may affect its business, results of operations and financial condition. Due to such risks, uncertainties and assumptions, you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Except as required by law, the company undertakes no obligation to revise or update publicly any forward-looking statements for any reason. For further information, please contact: Investors Rachael Goldwait Vice President, Investor Relations 713-753-5082 [email protected] Media Philip Ivy Vice President, Global Communications and Marketing 713-753-3800 [email protected]