HOUSTON, May 6, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today it has been awarded a multiple award, Indefinite Delivery Indefinite Quantity (IDIQ) contract by the U.S. Naval Facilities Engineering Systems Command for global contingency services.   Under the Global Contingency Services Multiple Award Contract (GCSMAC) III, KBR will compete on IDIQ task orders to provide mission-critical support to U.S. Navy facilities around the world. The contract period begins April 2024 and lasts 8.5 years, with a ...

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HOUSTON, May 2, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced it has been awarded an estimated $34 million recompete cost-plus-fixed-fee single award IDIQ contract by the U.S. Naval Research Laboratory (NRL) for facility operations, maintenance and security in Washington, D.C. over a five-year period. Under the terms of the new contract, KBR's scope and services will expand to incorporate staffing the NRL visitor's center and cybersecurity support at multiple NRL campuses to maintain data integrity. KBR wi ...

KBR, Inc. (KBR) reported better-than-expected results for first-quarter 2024 (ended Mar 29), wherein earnings and revenues surpassed the Zacks Consensus Estimate.Both earnings and revenues grew on a year-over-year basis, particularly showcasing solid performance in adjusted EBITDA and operating cash flow. Bookings during the quarter were well-aligned with end markets across energy security, national defense, human performance, and sustainability.However, KBR's stock experienced a 1.6% decline in the trading ...

KBR, Inc. (NYSE:KBR) Q1 2024 Earnings Conference Call April 30, 2024 8:30 AM ET Company Participants Jamie DuBray - Vice President, Investor Relations Stuart Bradie - President and Chief Executive Officer Mark Sopp - Chief Financial Officer Conference Call Participants Andy Kaplowitz - Citigroup Tobey Sommer - Truist Bert Subin - Stifel Mariana Pérez Mora - Bank of America Sangita Jain - KeyBanc Michael Dudas - Vertical Research Operator Good morning everyone and welcome to the KBR Inc. First Quarter 2024 E ...

HOUSTON, April 30, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today that it is extending its support to the UK Ministry of Defence (MOD) with the award of a contract worth more than $100m, with options, to provide unique heavy lift movement services of front-line equipment for the British Army. Under the terms of the contract, KBR will provide a fleet of Heavy Equipment Transporters (HET), maintainers and operators to enable movement of strategic loads, including the British Army's Challenger 2 tanks. T ...

KBR Inc. (KBR) came out with quarterly earnings of $0.77 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.67 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10%. A quarter ago, it was expected that this the engineering, construction company would post earnings of $0.68 per share when it actually produced earnings of $0.69, delivering a surprise of 1.47%.Over the last four quar ...

EXHIBIT 99.1 KBR Announces First Quarter Fiscal 2024 Financial Results Strong Q1 2024 Performance Adjusted EBITDA Growth with Margin Expansion 2 HOUSTON, TX - April 30, 2024 - KBR, Inc. (NYSE: KBR) today announced its first quarter fiscal 2024 financial results. "KBR's extraordinary team has yet again surpassed expectations, delivering outstanding first-quarter results," said Stuart Bradie, KBR's President and CEO. "Our team's unwavering commitment to our customers has led to year-over-year increases across ...

Core Insights - KBR has been awarded an estimated $771 million in contract options to provide mission-critical support to the U.S. Army under the LOGCAP V contract, with the performance period from March 2024 to March 2025 [1][2] Company Operations - KBR will continue to deliver life support, equipment readiness, training, and supply chain solutions to approximately 20,000 U.S. government personnel across around 50 locations in Europe and North America [2][3] - The company provides a range of mission-critical solutions, including contingency operations, humanitarian support, facility management, life-cycle asset management, and integrated supply chain solutions [2][3] - KBR is also focused on sustainable energy solutions aimed at reducing carbon emissions and fuel consumption across multiple locations [2] Strategic Positioning - KBR has developed a resilient global supply chain over three decades, enabling the company to deliver consistent mission-critical services to the U.S. Army [3] - The company supports military exercises and operations in various European countries, including Bulgaria, Germany, Italy, and Turkey, as well as at the National Training Center in Fort Irwin, California [3] Company Profile - KBR employs approximately 34,000 people globally and operates in over 30 countries, serving customers in more than 80 countries [4] - The company is committed to providing technology, value-added services, and long-term operations and maintenance services to ensure predictable results for its clients [4]

Investors are always looking for stocks that are poised to beat at earnings season and KBR Inc. (KBR) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because KBR is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some ...