View all news October 26, 2022 Delivers Excellent Progress Toward 2025 Long-Term Targets HOUSTON, Oct. 26, 2022 /PRNewswire/ -- KBR, Inc. (NYSE: KBR) today announced its third quarter 2022 financial results and raised its FY 2022 financial guidance. "The people of KBR have once again delivered a strong quarter with excellent earnings and cash flow, outstanding operational and safety performance, and exciting new contract wins," said Stuart Bradie, President and CEO of KBR. "With awards in the quarter spanning the development of NASA's next gen space suits to technology innovation that will increase the world's low-carbon clean ammonia capacity, KBR continues to deliver solutions that matter." Bradie also attributed positive performance to favorable tailwinds stemming from areas of increasing global importance, including national security, energy security, energy transition, and climate change. "Our clients are accelerating investment in solutions and technologies to advance their priorities related to these critical challenges, and this acceleration translated directly to the profitable growth, strong margins, and solid cash generation we report today," Bradie said. "We have a fantastic ballast of stable, long-term programs that afford tremendous multi-year visibility as well as exciting high-growth opportunities that favor our sustainable solutions and technologies. As such, we are pleased to announce an increase in our FY 2022 earnings and cash guidance and have growing confidence in our 2025 targets." Summarized Third Quarter 2022 Financial Results Three Months Ended September 30, Nine Months Ended September 30, Dollars in millions, except share data 2022 2021* 2022 2021* Revenues $ 1,626 $ 1,843 $ 4,956 $ 4,840 Gross profit $ 225 $ 193 $ 622 $ 568 Net income (loss) attributable to KBR $ 74 $ 57 $ 97 $ (43) Adjusted EBITDA1 $ 171 $ 162 $ 511 $ 453 Earnings (loss) per share: Diluted earnings (loss) per share $ 0.49 $ 0.38 $ 0.65 $ (0.30) Adjusted earnings per share1 $ 0.65 $ 0.64 $ 2.03 $ 1.71 Cash flows: Operating cash flows $ 122 $ 122 $ 336 $ 276 Adjusted operating cash flows1 $ 122 $ 122 $ 336 $ 287 Adjusted free cash flows1 $ 102 $ 116 $ 297 $ 265 Deployable free cash flows1 $ 102 $ 116 $ 547 $ 265 *As adjusted for the adoption of ASU 2020-06 using the full retrospective method Financial Highlights for the Quarter Ended September 30, 2022 Recent Developments and New Business Delivered 1.3x trailing-twelve-months book-to-bill2 as of September 30, 2022, including $2.7 billion of awards and options in the quarter, as follows: Capital Deployment KBR continues to employ a balanced approach to capital allocation, which includes investments that facilitate sustainable, long-term growth and prudent return of capital to shareholders. In the quarter ended September 30, 2022, the company generated $122 million of operating cash flows. FY 2022 Guidance KBR combines deep mission understanding, market-leading expertise and technology and unwavering operational focus to deliver solutions that help solve our clients' most complex issues. Our 2022 financial guidance is underpinned by favorable market tailwinds, good bookings momentum, strong year-to-date results through September 30, 2022, and potential favorable discrete tax benefits in fourth quarter 2022. KBR updates and/or increases its FY 2022 guidance as follows: Conference Call Details The company will host a conference call to discuss its third quarter 2022 financial results and updated guidance on Wednesday, October 26, 2022, at 7:30 a.m. Central Daylight Time. The conference call will be webcast simultaneously through the Investor Relations section of KBR's website at investors.kbr.com. A replay of the webcast will be available shortly after the call on KBR's website or by telephone at +1.929.458.6194, passcode: 379276. About KBR We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 28,000 people worldwide with customers in more than 80 countries and operations in 34 countries. KBR is proud to work with its customers across the globe to provide technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver. Visit www.kbr.com Forward-Looking Statements The statements in this press release that are not historical statements, including statements regarding future financial performance, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond the company's control that could cause actual results to differ materially from the results expressed or implied by the statements. These risks and uncertainties include, but are not limited to: the ongoing conflict between Russia and Ukraine and the related impacts on our business as we wind down our business operations in Russia; the significant adverse impacts on economic and market conditions of the COVID-19 pandemic and the company's ability to respond to the resulting challenges and business disruption; the recent dislocation of the global energy market; the company's ability to manage its liquidity; the outcome of and the publicity surrounding audits and investigations by domestic and foreign government agencies and legislative bodies; potential adverse proceedings by such agencies and potential adverse results and consequences from such proceedings; changes in capital spending by the company's customers; the company's ability to obtain contracts from existing and new customers and perform under those contracts; structural changes in the industries in which the company operates; escalating costs associated with and the performance of fixed-fee projects and the company's ability to control its cost under its contracts; claims negotiations and contract disputes with the company's customers; changes in the demand for or price of oil and/or natural gas; protection of intellectual property rights; compliance with environmental laws; changes in government regulations and regulatory requirements; compliance with laws related to income taxes; unsettled political conditions, war and the effects of terrorism; foreign operations and foreign exchange rates and controls; the development and installation of financial systems; the possibility of cyber and malware attacks; increased competition for employees; the ability to successfully complete and integrate acquisitions; and operations of joint ventures, including joint ventures that are not controlled by the company. The company's most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks, and other U.S. Securities and Exchange Commission filings discuss some of the important risk factors that the company has identified that may affect its business, results of operations and financial condition. Except as required by law, the company undertakes no obligation to revise or update publicly any forward-looking statements for any reason. 1 See additional information at the end of this release regarding non-GAAP financial information, including reconciliations to the nearest GAAP measure 2 Consistent with our practice, book-to-bill excludes long-term UK PFIs KBR, Inc. Condensed Consolidated Statements of Operations (In millions, except for per share data) (Unaudited) Three Months Ended September 30, Nine Months Ended September 30, 2022 20211 2022 20211 Revenues: Government Solutions $ 1,293 $ 1,555 $ 4,064 $ 3,950 Sustainable Technology Solutions 333 288 892 890 Total Revenues $ 1,626 $ 1,843 $ 4,956 $ 4,840 Gross profit $ 225 $ 193 $ 622 $ 568 Equity in earnings (losses) of unconsolidated affiliates $ 5 $ (1) $ (103) $ (175) Selling, general and administrative expenses $ (103) $ (91) $ (315) $ (283) Acquisition and integration related costs (1) (3) (2) (7) Gain on disposition of assets and investments — 3 22 1 Other (1) — (3) (2) Operating Income: Government Solutions $ 105 $ 114 $ 351 $ 277 Sustainable Technology Solutions $ 56 $ 23 $ (18) $ (71) Other $ (36) $ (36) $ (112) $ (104) Total Operating Income $ 125 $ 101 $ 221 $ 102 Interest expense (23) (20) (64) (59) Unrealized gain on cost method investment — — 16 — Other non-operating income (expense) (2) (1) 3 (2) Income before income taxes $ 100 $ 80 $ 176 $ 41 Provision for income taxes (27) (20) (79) (77) Net income (loss) $ 73 $ 60 $ 97 $ (36) Less: Netincome (loss) attributabletononcontrollinginterests (1) 3 — 7 Net income (loss) attributable to KBR $ 74 $ 57 $ 97 $ (43) Adjusted EBITDA2 $ 171 $ 162 $ 511 $ 453 Diluted EPS $ 0.49 $ 0.38 $ 0.65 $ (0.30) Adjusted EPS2, 3 $ 0.65 $ 0.64 $ 2.03 $ 1.71 1 As adjusted for the adoption of ASU 2020-06 using the full retrospective method 2See additional information at the end of this release regarding non-GAAP financial information, including a reconciliation to the nearest GAAP measure 3 Diluted EPS is calculated using a share count of 156 million for the three- and nine-month periods ended September 30, 2022. Diluted EPS is calculated using a share count of 154 million and 141 million for the three- and nine-month periods ended September 30, 2021. Adjusted EPS is calculated using a share count of 142 million shares outstanding for the three- and nine-month periods ended September 30, 2022. Adjusted EPS is calculated using a share count of 140 million and 141 million shares outstanding for the three- and nine-month periods ended September 30, 2021, respectively. KBR, Inc. Condensed Consolidated Balance Sheets (In millions, except share data) September 30, December 31, 2022 20211 (Unaudited) Assets Current assets: Cash and cash equivalents $ 461 $ 370 Accounts receivable, net of allowance for credit losses of $8 and $13, respectively 909 1,411 Contract assets 230 224 Other current assets 119 147 Total current assets 1,719 2,152 Claims and accounts receivable 29 30 Property, plant, and equipment, net of accumulated depreciation of $409 and $431 (including net PPE of $14 and $19 owned by a variable interest entity), respectively 146 136 Operating lease right-of-use assets 167 158 Goodwill 2,056 2,060 Intangible assets, net of accumulated amortization of $313 and $291, respectively 633 708 Equity in and advances to unconsolidated affiliates 177 576 Deferred income taxes 184 231 Other assets 243 153 Total assets $ 5,354 $ 6,204 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 557 $ 1,026 Contract liabilities 289 313 Accrued salaries, wages and benefits 322 317 Operating lease liabilities 45 41 Other current liabilities 176 178 Total current liabilities 1,389 1,875 Pension obligations 15 88 Employee compensation and benefits 100 111 Income tax payable 90 95 Deferred income taxes 68 70 Long-term debt 1,722 1,875 Operating lease liabilities 196 188 Other liabilities 205 219 Total liabilities 3,785 4,521 Commitments and Contingencies KBR shareholders' equity: Preferred stock, $0.001 par value, 50,000,000 shares authorized, none issued — — Common stock, $0.001 par value 300,000,000 shares authorized, 180,737,832 and 179,983,586 shares issued, and 138,082,991 and 139,786,136 shares outstanding, respectively — — PIC 2,228 2,206 Retained earnings 1,334 1,287 Treasury stock, 42,654,841 shares and 40,197,450 shares, at cost, respectively (1,065) (943) AOCL (934) (881) Total KBR shareholders' equity 1,563 1,669 Noncontrolling interests 6 14 Total shareholders' equity 1,569 1,683 Total liabilities and shareholders' equity $ 5,354 $ 6,204 1 As adjusted for the adoption of ASU 2020-06 using the full retrospective method KBR, Inc. Condensed Consolidated Statements of Cash Flows (In millions) (Unaudited) Nine Months Ended September 30, 2022 20211 Cash flows from operating activities: Net income (loss) $ 97 $ (36) Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation and amortization 99 114 Equity in losses of unconsolidated affiliates 103 175 Deferred income tax 49 40 Gain on disposition of assets (22) (1) Unrealized gain on cost method investment (16) — Other 24 31 Changes in operating assets and liabilities: Accounts receivable, net of allowance for credit losses 475 (341) Contract assets (11) (50) Accounts payable (440) 397 Contract liabilities (3) (41) Accrued salaries, wages and benefits 16 41 Payments on operating lease obligation (44) (46) Payments from unconsolidated affiliates, net 14 18 Distributions of earnings from unconsolidated affiliates 57 37 Pension funding (32) (35) Restructuring reserve (9) (20) Other assets and liabilities (21) (7) Total cash flows provided by operating activities 336 276 Cash flows from investing activities: Purchases of property, plant and equipment $ (39) $ (22) Proceeds from sale of assets or investments 60 44 Return of (investments in) equity method joint ventures, net 198 (13) Acquisition of businesses, net of cash acquired (73) (14) Investment in cost method investment (61) (7) Acquisition of technology license — (7) Other 1 (3) Total cash flows provided by (used in) investing activities 86 (22) Cash flows from financing activities: Payments on short-term and long-term debt (12) (15) Payments on revolving credit facility (97) — Payments of dividends to shareholders (49) (45) Net proceeds from issuance of common stock 5 11 Payments to reacquire common stock (124) (57) Distributions to noncontrolling interests (4) (23) Other (9) (11) Total cash flows used in financing activities (290) (140) Effect of exchange rate changes on cash (41) — Increase in cash and cash equivalents 91 114 Cash and cash equivalents at beginning of period 370 436 Cash and cash equivalents at end of period $ 461 $ 550 Noncash financing activities Dividends declared $ 16 $ 15 1 As adjusted for the adoption of ASU 2020-06 using the full retrospective method KBR, Inc. Backlog Information (a) (In millions) (Unaudited) September 30, December 31, 2022 2021 Government Solutions $ 11,323 $ 12,628 Sustainable Technology Solutions 4,011 2,345 Total backlog $ 15,334 $ 14,973 Award options 4,437 4,732 Total backlog and options $ 19,771 $ 19,705 (a) Backlog generally represents the dollar amount of revenues we expect to realize in the future as a result of performing work on contracts and our pro-rata share of work to be performed by our consolidated and unconsolidated joint ventures. We generally include total expected revenues in backlog when a contract is awarded under a legally binding agreement. In many instances, arrangements included in backlog are complex, nonrepetitive and may fluctuate over the contract period due to the release of contracted work in phases by the customer. Additionally, nearly all contracts allow customers to terminate the agreement at any time for convenience. Certain contracts provide maximum dollar limits, with actual authorization to perform work under the contract agreed upon on a periodic basis with the customer. In these arrangements, only the amounts authorized are included in backlog. For projects where we act solely in a project management capacity, we only include the expected value of our services on each project in backlog. We define backlog, as it relates to U.S. government contracts, as our estimate of the remaining future revenue from existing signed contracts over the remaining base contract performance period (including customer approved option periods) for which work scope and price have been agreed with the customer. We define funded backlog as the portion of backlog for which funding currently is appropriated, less the amount of revenue we have previously recognized. We define unfunded backlog as the total backlog less the funded backlog. Our Government Solutions backlog does not include any estimate of future potential delivery orders that might be awarded under our government-wide acquisition contracts, agency-specific indefinite delivery/indefinite quantity contracts, or other multiple-award contract vehicles nor does it include option periods that have not been exercised by the customer. Within our Government Solutions business segment, we calculate estimated backlog for long-term contracts associated with the UK government's privately financed initiatives (PFIs) based on the aggregate amount that our client would contractually be obligated to pay us over the life of the project. We update our estimates of the future work to be executed under these contracts on a quarterly basis and adjust backlog if necessary. We have included in the table above our proportionate share of unconsolidated joint ventures' estimated backlog. As these projects are accounted for under the equity method, only our share of future earnings from these projects will be recorded in our results of operations. Our proportionate share of backlog for projects related to unconsolidated joint ventures totaled $3.7 billion at September 30, 2022, and $2.6 billion at December 31, 2021. We estimate that as of September 30, 2022, 37% of our backlog will be executed within one year. Of this amount, 76% will be recognized in revenues on our condensed consolidated statement of operations and 24% will be recorded by our unconsolidated joint ventures. As of September 30, 2022, $75 million of our backlog relates to active contracts that are in a loss position. As of September 30, 2022, 10% of our backlog was attributable to fixed-price contracts, 38% was attributable to PFIs, 27% was attributable to cost-reimbursable contracts, and 25% was attributable to time-and-materials contracts. For contracts that contain fixed-price, cost-reimbursable, and time-and-materials components, we classify the individual components as either fixed-price, cost-reimbursable, or time-and-materials according to the composition of the contract; however, for smaller contracts, we characterize the entire contract based on the predominant component. As of September 30, 2022, $8.1 billion of our Government Solutions backlog was currently funded by our customers. Non-GAAP Financial Information The following information provides reconciliations of certain non-GAAP financial measures presented in the press release to which this reconciliation is attached to the most directly comparable financial measures calculated and presented in accordance with generally accepted accounting principles (GAAP). The company has provided the non-GAAP financial information presented in the press release as information supplemental and in addition to the financial measures presented in the press release that are calculated and presented in accordance with GAAP. Such non-GAAP financial measures should not be considered superior to, as a substitute for or alternative to, and should be considered in conjunction with, the GAAP financial measures presented in the press release. The non-GAAP financial measures in the press release may differ from similar measures used by other companies. EBITDA and Adjusted EBITDA We evaluate performance based on EBITDA and Adjusted EBITDA. EBITDA is defined as Net income (loss) attributable to KBR, plus interest expense, net; provision for income taxes; other non-operating income (expense); and depreciation and amortization. Adjusted EBITDA excludes certain amounts included in EBITDA. EBITDA and Adjusted EBITDA for each of the three- and nine-month periods ended September 30, 2022 and 2021 are considered non-GAAP financial measures under SEC rules because EBITDA and Adjusted EBITDA exclude certain amounts included in the calculation of net income (loss) attributable to KBR in accordance with GAAP for such periods. Management believes EBITDA and Adjusted EBITDA afford investors a view of what management considers KBR's core performance for each of the three- and nine-month periods ended September 30, 2022 and 2021 and also affords investors the ability to make a more informed assessment of such core performance for the comparable periods. Three Months Ended September 30, Nine Months Ended September 30, Dollars in millions 2022 20211 2022 20211 Net income (loss) attributable to KBR $ 74 $ 57 $ 97 $ (43) Adjustments • Interest expense, net 23 20 64 59 • Provision for income taxes 27 20 79 77 • Other non-operating (income) expense 2 1 (3) 2 • Depreciation and amortization 33 38 99 114 Consolidated EBITDA $ 159 $ 136 $ 336 $ 209 Adjustments • Acquisition, integration and restructuring 2 4 5 10 • Non-cash loss on legal entity rationalization — 1 — 4 • Ichthys commercial resolution 7 17 147 218 • Legacy legal fees 3 4 11 12 • Appreciation in fair value of investments — — (16) — • Provisions related to exit from Russian commercial projects — — 28 — Adjusted EBITDA $ 171 $ 162 $ 511 $ 453 1 As adjusted for the adoption of ASU 2020-06 using the full retrospective method Adjusted EPS Adjusted earnings per share (Adjusted EPS) for each of the three- and nine-month periods ended September 30, 2022 and 2021 is considered a non-GAAP financial measure under SEC rules because Adjusted EPS excludes certain amounts included in the diluted EPS calculated in accordance with GAAP for such periods. The most directly comparable financial measure calculated in accordance with GAAP is diluted EPS for the same periods. Management believes that Adjusted EPS affords investors a view of what management considers KBR's core earnings performance for each of the three- and nine-month periods ended September 30, 2022 and 2021 and also affords investors the ability to make a more informed assessment of such core earnings performance for the comparable periods. We have calculated Adjusted EPS for each of the three- and nine-month periods ended September 30, 2022 and 2021 by adjusting diluted EPS for the items included in the table below. Three Months Ended Nine Months Ended 2022 20211 2022 20211 Diluted earnings (loss) per share $ 0.49 $ 0.38 $ 0.65 $ (0.30) Adjustments • Amortization related to acquisitions $ 0.05 $ 0.07 $ 0.15 $ 0.22 • Ichthys interest and commercial dispute costs $ 0.05 $ 0.10 $ 1.05 $ 1.60 • Acquisition, integration and restructuring $ 0.01 $ 0.03 $ 0.02 $ 0.06 • Impact of new convert accounting and bond hedge $ 0.03 $ 0.03 $ 0.03 $ — • Legacy legal fees $ 0.02 $ 0.02 $ 0.06 $ 0.06 • Provisions related to exit from Russian commercial projects $ — $ — $ 0.16 $ — • Appreciation of fair value of investments $ — $ — $ (0.09) $ — • Non-cash loss on legal entity rationalization $ — $ 0.01 $ — $ 0.02 • Non-cash impact of UK statutory tax rate increase $ — $ — $ — $ 0.05 Adjusted EPS2 $ 0.65 $ 0.64 $ 2.03 $ 1.71 1As adjusted for the adoption of ASU 2020-06 using the full retrospective method 2Diluted EPS is calculated using a share count of 156 million for the three- and nine-month periods ended September 30, 2022. Diluted EPS is calculated using a share count of 154 million and 141 million for the three- and nine-month periods ended September 30, 2021. Adjusted EPS is calculated using a share count of 142 million shares outstanding for the three- and nine-month periods ended September 30, 2022. Adjusted EPS is calculated using a share count of 140 million and 141 million shares outstanding for the three- and nine-month periods ended September 30, 2021, respectively. We have calculated the 2022 guidance for Adjusted EPS by adjusting diluted EPS for the items included in the table below. FY 2022 EPS Guidance Diluted earnings per share guidance: $1.11 $1.16 Adjustments • Amortization related to acquisitions 0.19 • Ichthys interest and commercial dispute costs 1.05 • Acquisition, integration and restructuring 0.02 • Impact of new convert accounting and bond hedge1 0.06 • Legacy legal fees 0.10 • Provisions related to exit from Russian commercial projects 0.16 • Appreciation of fair value of investments2 (0.09) • Non-cash gain/loss from legal entity rationalization2 TBD Adjusted EPS Guidance 3 $2.60 $2.65 1 Conversion option will be calculated and adjusted quarterly based on KBR trading price 2 Adjustment will be based on actual activity in 2022 3Diluted and Adjusted FY 2022 EPS guidance is calculated using a share count of 156 million and 142 million, respectively Adjusted Cash Flows Provided by Operating Activities and Adjusted Free Cash Flows Adjusted operating cash flows and adjusted free cash flows are considered non-GAAP financial measures under SEC rules. Adjusted operating cash flows exclude certain amounts included in the cash flows provided by operating activities calculated in accordance with GAAP. Adjusted free cash flows exclude capital expenditures from adjusted operating cash flows. Deployable free cash flows exclude capital expenditures from adjusted operating cash flows and include certain amounts included in the cash flows provided by investing activities calculated in accordance with GAAP. The most directly comparable financial measure calculated in accordance with GAAP is cash flows provided by operating activities. Management believes that adjusted operating cash flows, adjusted free cash flows and deployable free cash flows afford investors a view of what management considers KBR's core operating cash flow performance and also afford investors the ability to make a more informed assessment of such core operating cash generation performance. We have calculated adjusted operating cash flows and adjusted free cash flows for each of the three- and nine-month periods ended September 30, 2022 and 2021 by adjusting operating cash flow provided by operating activities for items included in the table below. Three Months Ended September 30, Nine Months Ended September 30, Dollars in millions 2022 2021 2022 2021 Cash flows provided by operating activities $ 122 $ 122 $ 336 $ 276 Add back: Major project advance work-off — — — 11 Adjusted operating cash flows $ 122 $ 122 $ 336 $ 287 Less: Capital expenditures (20) (6) (39) (22) Adjusted free cash flows $ 102 $ 116 $ 297 $ 265 Proceeds from sale of assets or investments — — 60 — Receipt of proceeds from subcontractor settlement — — 190 — Deployable free cash flows $ 102 $ 116 $ 547 $ 265 Adjusted free cash flow per share1 $ 0.72 $ 0.83 $ 2.09 $ 1.88 Adjusted earnings per share1 $ 0.65 $ 0.64 $ 2.03 $ 1.71 Adjusted free cash conversion 111% 130% 103% 110% 1 Adjusted free cash flow per share and adjusted EPS are calculated using a share count of 142 million shares outstanding for the three- and nine-month periods ended September 30, 2022 and using a share count of 140 million and 141 million shares outstanding for the three- and nine-month periods ended September 30, 2021, respectively. We have calculated the 2022 guidance for adjusted operating cash flows by adjusting cash flows provided by operating activities for the items included in the table below. Dollars in millions FY 2022 Operating Cash Flow Guidance Cash flows provided by operating activities guidance $345 $370 Add: Impact of CARES Act temporary tax repayment 30 Adjusted operating cash flows guidance $375 $400 SOURCE KBR, Inc. Categories: Press Releases View all news KBR Announces Strong Third Quarter 2022 Financial Results
September 30,
September 30,
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FAQs
What are KBR financial results? ›
KBR guides 2022 financial results as follows: Consolidated revenue: $6.3 billion to $6.8 billion. Adjusted EBITDA margin1: ~10% Effective tax rate: 24% to 25%
What is KBR revenue for 2022? ›KBR revenue for the twelve months ending September 30, 2022 was $7.455B, a 18.22% increase year-over-year. KBR annual revenue for 2021 was $7.339B, a 27.26% increase from 2020.
What is KBR profitability? ›Profit margin can be defined as the percentage of revenue that a company retains as income after the deduction of expenses. KBR net profit margin as of September 30, 2022 is 2.21%.
What is KBR annual revenue? ›KBR revenue is $5.8B annually.
Is KBR stock a buy? ›KBR's analyst rating consensus is a 'Strong Buy. This is based on the ratings of 5 Wall Streets Analysts.
What is KBR debt-to-equity ratio? ›The debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity. KBR debt/equity for the three months ending September 30, 2022 was 1.10.
Who did KBR buy? ›Following the completion of this acquisition, Centauri and its 1,750 employees will become part of KBR's Government Solutions segment.
How many employees work at KBR? ›About The Company
Worldwide, we employ a diverse team approximately 28,000 strong, with operations in 34 countries.
Kellogg Brown & Root
Kellogg merged with Brown & Root Engineering and Construction creating one of the world's premiere engineering, procurement, construction (EPC) and services companies. In 2006, the company separated from Halliburton and completed a successful initial public offering on the New York Stock Exchange.
The exchange offer expired at 12:00 midnight, New York City time, on April 2, 2007. Under the terms of the exchange offer, Halliburton has accepted 85,273,184 shares of Halliburton common stock in exchange for the 135,627,000 shares of KBR common stock held by Halliburton.
Who are KBR competitors? ›
KBR's competitors and similar companies include V2X, PAE, Fluor, AECOM, Leidos, Jacobs and SAIC. KBR is a company that delivers science, technology, and engineering solutions.
How much does the CEO of KBR make? ›| Dec 30 2021 | |
|---|---|
| total compensation | US$12.024m |
| salary | US$1.170m |
| company earnings | US$17.900m |
Brown & Root services in North America is provided by a joint venture between KBR and Louisiana-based Berhard Capital Partners. The agreement establishes a new, equally owned and managed company.
What is Pfizer's annual income? ›| Millions (Except Per Common Share Data) | ||
|---|---|---|
| 2021 | 2019 | |
| Revenues | $81,288 | $40,905 |
| Reported net income (1) | $21,979 | $16,026 |
| Reported diluted EPS (1) | $3.85 | $2.82 |
KBR Inc (NYSE:KBR)
The 11 analysts offering 12-month price forecasts for KBR Inc have a median target of 65.00, with a high estimate of 69.00 and a low estimate of 56.00. The median estimate represents a +32.48% increase from the last price of 49.07.
The average twelve-month price prediction for KBR is $64.00 with a high price target of $68.00 and a low price target of $60.00.
Does KBR work with NASA? ›KBR currently operates at 11 NASA centers and facilities and is one of the world's largest human spaceflight support organizations. We deliver science, technology and engineering solutions to governments and companies around the world.
Why is 1.5 A good debt-to-equity ratio? ›What does a debt-to-equity ratio of 1.5 mean? A debt-to-equity ratio of 1.5 shows that the company uses slightly more debt than equity to stimulate growth. For every dollar in shareholders' equity, the company owes $1.50 to creditors.
Which company has highest debt-to-equity ratio? ›...
Which company has the highest debt?
- #1 ADANI GREEN ENERGY.
- #2 ADANI TRANSMISSION.
- #3 TVS MOTORS.
- #4 TATA MOTORS.
- #5 ADANI POWER.
Debt-to-equity ratio values tend to land between 0.1 (almost no debt relative to equity) and 0.9 (very high levels of debt relative to equity). Most companies aim for a ratio between these two extremes, both for reasons of economic sustainability and to attract investors or lenders.
Where does KBR rank in the world? ›
As of January 2023 KBR has a market cap of $6.79 Billion. This makes KBR the world's 1920th most valuable company by market cap according to our data.
How much does KBR pay overseas? ›$45,002. The estimated total pay for a Overseas Mail Clerk at KBR is $45,002 per year. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. The estimated base pay is $45,002 per year.
Whats it like to work at KBR? ›KBR is not a bad place to work. Reasonable benefits, exceptional work-life balance and flexibility with the hybrid work schedule. The grass is greener where you water it. My salary is competitive, the work could be a little more exciting, but that's life.
What is the relationship between Halliburton and KBR? ›KBR, Inc. was formed in March 2006 and was a wholly-owned subsidiary of Halliburton until November 2006, when it became a separate publicly-traded company. KBR, Inc.'s common stock is registered under Section 12(b) of the Exchange Act and trades on the New York Stock Exchange.
How many locations does KBR have? ›KBR is headquartered in Houston, TX and has 41 office and retail locations located throughout the US.
Who owns KBR? ›Who owns Kbr? Kbr (NYSE: KBR) is owned by 103.93% institutional shareholders, 113.84% Kbr insiders, and 0.00% retail investors. Co Halliburton is the largest individual Kbr shareholder, owning 135.63M shares representing 98.86% of the company. Co Halliburton's Kbr shares are currently valued at $6.78B.
Is KBR a federal contractor? ›Kellogg Brown and Root, also known as KBR Engineering & Construction, is a unit of the Halliburton Company which provides military support services. The Federal Contractor Misconduct Database has ranked KBR as the 29th largest government contractor whose contracts total to a value of $2277 million.
Where is KBR headquarters located? › What are KBR core values? ›We are people of character, who value honesty, trust, courage, fairness, prudence and tenacity. We believe doing what's right for the planet, the communities where we live and work, and our people is good for our business. We will not sacrifice our integrity.
Why did Halliburton sell KBR? ›Halliburton sold KBR in 2007. Halliburton officials said KBR's war contracts weren't adding much to the oil company's profits.
What is the Halliburton scandal? ›
HALLIBURTON OVERCHARGED FOR MEALS: Halliburton has to pay the Pentagon for $27.4 million in overcharges for meals served to troops abroad. The company allegedly billed the government for meals that were never served to troops.
How much did Halliburton profit from Iraq war? ›Because working for the military is very profitable. Halliburton's revenues from Iraq increased from $320 million in the second quarter of the year to $2 billion in the final quarter.
What is the highest Halliburton stock has ever been? ›- The all-time high Halliburton stock closing price was 64.11 on July 23, 2014.
- The Halliburton 52-week high stock price is 43.99, which is 8.6% above the current share price.
This loophole amended the Safe Drinking Water Act — a major tool the EPA uses to keep our drinking water clean — to provide an exemption for the fluids used in hydraulic fracturing (or fracking). As a result, the EPA does not have the legal authority to regulate fracking fluids.
What companies are like 3M? ›- Cerner.
- Athenahealth.
- Epic.
- Health Catalyst.
- RelayHealth.
- The Advisory Board.
- Truven Health Analytics, an IBM Company.
Clorox competitors include Colgate Palmolive, Henkel, Leo Burnett, Procter & Gamble and Ecolab.
Who is BASF competitors? ›BASF competitors include DSM, DuPont and Advanced Energy Industries.
Who is the highest paid CEO? ›- Chad Richison, Paycom Software. ...
- Frank Del Rio, Norwegian Cruise Line. ...
- Lawrence Culp Jr., General Electric. ...
- Mike Sievert, T-Mobile. ...
- John Donahoe, Nike. ...
- Chris Nassetta, Hilton. ...
- John Plant, Howmet Aerospace.
The largest growth appeared among companies who raised between $5-10 million – among this group, average CEO salaries jumped 12% from $145,000 in 2018 to $162,000 in 2019. Startups with $10 million or more in funding saw their average Chief Executive's pay rise 8% from $160,000 in 2018 to $173,000 in 2019.
How much does Goldman Sachs CEO make a year? ›
NEW YORK, Jan 27 (Reuters) - Goldman Sachs Group Inc. (GS.N) slashed compensation for its Chief Executive Officer David Solomon by 29% to $25 million for 2022, the bank said in a filing Friday. Solomon's pay comprises a $2 million base salary, $6.9 million cash bonus and $16.1 million in restricted stock.
When did Halliburton buy Brown and Root? ›The Halliburton deal was finalized shortly after Brown's death in 1962.
Who is the owner of Brown company? ›| The logo of Brown and Company | |
|---|---|
| Type | Public |
| Founder | James Brown |
| Headquarters | Colombo , Sri Lanka |
| Key people | Ishara Nanayakkara (Executive Chairman) Kapila Jayawardena (Non-executive Director) |
...
Compare PFE With Other Stocks.
| Pfizer Annual Long Term Debt (Millions of US $) | |
|---|---|
| 2019 | $35,955 |
| 2018 | $32,909 |
| 2017 | $33,538 |
| 2016 | $31,398 |
Pfizer (NYSE: PFE) is owned by 67.68% institutional shareholders, 0.27% Pfizer insiders, and 32.05% retail investors. Vanguard Group Inc is the largest individual Pfizer shareholder, owning 493.58M shares representing 8.79% of the company. Vanguard Group Inc's Pfizer shares are currently valued at $22.25B.
What indicates a company's financial result? ›Financial statements are written records that convey the business activities and the financial performance of a company. Financial statements are often audited by government agencies, accountants, firms, etc. to ensure accuracy and for tax, financing, or investing purposes.
What are financial results of a company? ›The financial result is the difference between earnings before interest and taxes and earnings before taxes. It is determined by the earning or the loss which results from financial affairs.
How do you analyze financial results? ›- Identify the industry economic characteristics. ...
- Identify company strategies. ...
- Assess the quality of the firm's financial statements. ...
- Analyze current profitability and risk. ...
- Prepare forecasted financial statements. ...
- Value the firm.
The income statement, balance sheet, and statement of cash flows are required financial statements. These three statements are informative tools that traders can use to analyze a company's financial strength and provide a quick picture of a company's financial health and underlying value.
What is an indicator that a company is financially stronger? ›
A company's bottom line profit margin is the best single indicator of its financial health and long-term viability.
What is a good indicator of financial performance? ›The most widely used financial performance indicators include: Gross profit /gross profit margin: the amount of revenue made from sales after subtracting production costs, and the percentage amount a company earns per dollar of sales.
How do you read a company quarterly results? ›- Gross sales. Gross sales are the total sales of a company within a stipulated time. ...
- Net sales. Net sales are the sum of a company's gross sales minus its discounts, returns and allowances. ...
- Operating income. ...
- Operating profit. ...
- Margins. ...
- Interest cost. ...
- Net profit. ...
- EPS (Earnings Per Share)
Q4 reports mark the end of the fiscal year and its financial results are typically published in tandem with a company's entire annual report and financial overview. These financial results can significantly impact a company's stock price.
Why are quarterly results important? ›Quarterly earnings reports are filings made by public companies every three months to provide data on their latest performance. Earnings reports are important to stock analysts, investors, and others as a way of assessing a company's current financial health and its performance over time.
What are top 3 skills for financial analysis? ›- Strategic thinking.
- Ability to persuade senior stakeholders.
- Understanding of Sarbanes-Oxley.
- Ability to multitask.
- Presentation skills.
- Time management and organizational skills.
Horizontal, vertical, and ratio analysis are three techniques that analysts use when analyzing financial statements.
What do creditors look for in financial statements? ›Lenders will evaluate balance sheets and income statements using a ratio analysis approach. The ratios creditors use typically include debt-to-equity, debt-to-assets, quick ratio, and current ratio but may include others as well, depending on the banking institution.
What are the 4 types of financial indicators? ›Financial ratios can be computed using data found in financial statements such as the balance sheet and income statement. In general, there are four categories of ratio analysis: profitability, liquidity, solvency, and valuation.
What are the 5 key performance indicators? ›- Revenue growth.
- Revenue per client.
- Profit margin.
- Client retention rate.
- Customer satisfaction.
What is the most important measure of financial success? ›
Profitability is one of the most important indicators of a company's financial health. If you want your business to succeed in the long run, you need to be generating profit. While several different profitability ratios can be useful—including gross profit margin and operating profit margin—net profit margin is a must.