KBR Reports First Quarter Fiscal 2025 Results, Plans Business Spin-off
KBR, Inc. announced strong first-quarter fiscal 2025 financial results, with revenues up 13% to $2.1 billion, and revealed its strategic intent to spin off its Mission Technology Solutions business.
HOUSTON, Texas – KBR, Inc. (NYSE: KBR) reported its first quarter fiscal 2025 financial results, showcasing robust performance with increased revenues and earnings. The company's revenues for the quarter reached $2.1 billion, a 13% increase compared to the prior year.
Net income attributable to KBR stood at $116 million. Adjusted EBITDA grew by 17% to $243 million, with an Adjusted EBITDA margin of 11.8%. Earnings per diluted share were $0.88, while adjusted earnings per share rose 27% to $0.98. The company also affirmed its previously issued guidance for the full fiscal year 2025.
KBR secured $1.4 billion in bookings and options during the quarter, maintaining a book-to-bill ratio of 1.0x. Over the trailing twelve months, the ratio stood at 1.1x. The company noted increased activity in projects such as Plaquemines LNG, contributing positively to profit and cash flow.
In a significant strategic development, KBR announced its intention to spin off its Mission Technology Solutions business. Further details regarding this planned separation are available on the company's investor relations website.