KBR Reports Third Quarter Financial Results and Spin-Off Progress
KBR posted a five percent revenue increase to $2.0 billion for the third quarter of 2026. The company also confirmed it is advancing plans to spin off its Mission Technology Solutions business.
KBR, Inc. reported $2.0 billion in revenue for the third quarter of fiscal 2026, a five percent increase compared to the same period last year. Net income attributable to the company rose 16 percent to $133 million, while diluted earnings per share (EPS) grew 18 percent to $1.06.
Despite growth in total revenue and earnings, operating income saw a slight decline of three percent, totaling $186 million with a 9.2 percent operating margin. Adjusted EBITDA reached $268 million, reflecting a 13.2 percent margin. The company reported $2.4 billion in new bookings and options during the quarter.
Alongside the quarterly earnings, KBR provided an update on the proposed spin-off of its Mission Technology Solutions unit. CEO Stuart Bradie stated that the firm has reached key separation milestones, including the publication of the required Form 10 registration statement and the deployment of independent infrastructure and systems.
Looking ahead, management indicated that the quarter's execution supports the company's full-year financial outlook. The separation of the technology unit remains a primary strategic focus as the company works to refine its operational structure.