KBR Reports First Quarter Fiscal 2026 Results
KBR, Inc. announced its first quarter fiscal 2026 financial results. Revenue decreased 5% to $1.9 billion, while Adjusted EBITDA increased 1% to $251 million.
KBR, Inc. released its financial results for the first quarter of fiscal year 2026 on Thursday, May 5, 2026. The company reported revenues of $1.9 billion, a 5% decrease compared to the same period last year. This decline was attributed to the anticipated runoff of EUCOM contingency contracts.
Net income saw a 12% decrease, reaching $102 million. Operating income fell 11% to $180 million, with an operating margin of 9.4%. In contrast, Adjusted EBITDA rose by 1% to $251 million, reflecting a margin of 13.1%.
Diluted earnings per share attributable to KBR were $0.80, down 9% from the first quarter of fiscal year 2025. Adjusted earnings per share were $0.96, a 5% decrease. The company secured $1.9 billion in bookings and options, maintaining a book-to-bill ratio of 1.1.
President and CEO Stuart Bradie stated that KBR had a solid start to the year, emphasizing disciplined execution and resilient operations. He highlighted the company's focus on customer delivery, cost management, and strong cash flow generation. Bradie also reiterated the ongoing plan to spin off its Mission Technology Solutions business, a move anticipated to sharpen strategic focus and create long-term shareholder value.