KBR Reports Q2 2026 Results, Plans Business Separation

KBR, Inc. reported its financial results for the second quarter of fiscal year 2026, showing a 2% increase in revenue to $2.0 billion compared to the same period last year. The company also announced its strategic intent to spin off its Mission Technology Solutions business into a new, independent publicly traded company.

During the second quarter, KBR's net income attributable to the company rose 32% to $96 million, with diluted earnings per share reaching $0.75, a 34% increase year-over-year. Adjusted EBITDA grew 7% to $258 million. The company cited strong performance in its energy and sustainability segments as drivers for the revenue growth.

Year-to-date, KBR's revenues were $3.9 billion, a 2% decrease from the previous year, attributed to the expected runoff of EUCOM contingencies. The company secured $1.8 billion in bookings and options, resulting in a book-to-bill ratio of 1.1x, indicating robust future demand.

The planned separation of the Mission Technology Solutions division is expected to be completed by the end of fiscal year 2026. KBR anticipates this move will enable both entities to focus on their respective growth strategies and enhance shareholder value. Further details regarding the spin-off are available on the company's investor relations website.