KBR

EX-99.1

2 q326kbr-exhibit991x10022026.htm

EX-99.1

Document

Exhibit 99.1

KBR Reports Third Quarter Fiscal 2026 Results

Third Quarter Fiscal 2026 Results

(All comparisons against the third quarter fiscal 2025 unless noted.)

•Revenues of $2.0 billion, up 5%

•Net income attributable to KBR of $133 million, up 16%; Operating income of $186 million, down 3% with an Operating income margin of 9.2%

•Adjusted EBITDA2 of $268 million, up 12% with an Adjusted EBITDA2 margin of 13.2%

•Diluted EPS attributable to KBR of $1.06, up 18%

•Adjusted EPS2 of $1.12, up 10%

•Bookings and options1 of $2.4 billion with 0.9x book-to-bill1

Third Quarter YTD Fiscal 2026 Results

(All comparisons against the third quarter YTD fiscal 2025 unless noted.)

•Revenues of $5.9 billion, up 1%

•Net income attributable to KBR of $331 million, up 9%; Operating income of $538 million, down 8% with an Operating income margin of 9.1%

•Adjusted EBITDA2 of $777 million, up 6% with an Adjusted EBITDA2 margin of 13.1%

•Diluted EPS attributable to KBR of $2.60, up 12%

•Adjusted EPS2 of $3.06, up 4%

•Bookings and options1 of $6.1 billion with 1.0x book-to-bill1

HOUSTON, TX - October 29, 2026 - KBR, Inc. (NYSE: KBR) today announced its third quarter fiscal 2026 results.

“We delivered a strong third quarter, with profitable growth and solid execution across both businesses reinforcing our confidence in the full-year outlook,” said Stuart Bradie, President and Chief Executive Officer. “We also achieved important separation milestones during the quarter, including publication of the Form 10 and the successful implementation of key standalone systems and infrastructure. With leadership teams in place, strong customer demand across both businesses and Investor Days approaching, KBR and Trinzic are well positioned to launch as independent companies in January.”

1 As used throughout this release, book-to-bill and bookings and options exclude long-term UK PFIs.

2 As used throughout this earnings release, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted earnings per share, Adjusted operating cash flow, and Adjusted operating cash conversion are non-GAAP financial measures. All non-GAAP financial measures reflect results from continuing operations. See additional information at the end of this release regarding non-GAAP financial information, including reconciliations to the nearest GAAP measures

1

Summarized Third Quarter Fiscal 2026 Consolidated Results

Three months endedNine months ended

October 2,October 3,October 2,October 3,

Dollars in millions, except share data2026202520262025

Revenues$2,028 $1,931 $5,935 $5,901

Operating income186 191 538 587

Net income attributable to KBR133 115 331 304

Net income attributable to KBR from continuing operations 130 116 328 341

Adjusted EBITDA2 268 240 777 730

Operating income margin 9.2 %9.9 %9.1 %9.9 %

Adjusted EBITDA2 margin 13.2 %12.4 %13.1 %12.4 %

Earnings per share:

Diluted earnings per share attributable to KBR 1.06 0.90 2.60 2.33

Diluted earnings per share from continuing operations1.03 0.91 2.57 2.62

Adjusted earnings per share2 1.12 1.02 3.06 2.93

Cash flows:

Operating cash flows from continuing operations 171 198 331 506

Adjusted operating cash flows2 188 198 371 506

Return of capital to shareholders:

Payments to repurchase common stock— 100 29 304

Payments of dividends to shareholders21 22 63 63

October 2,January 2,

20262026

Leverage:

Net debt3 2,1182,117

TTM Adjusted EBITDA2 1,015968

Net leverage 2.1x2.2x

Third Quarter Fiscal 2026 Consolidated Results Review

(All comparisons against the third quarter fiscal 2025 unless noted.)

Revenues were $2.0 billion, up 5% or $97 million, primarily due to strong execution of engineering and professional services projects within Sustainable Technology Solutions, partially offset by anticipated reductions in NASA programs within Mission Technology Solutions.

Operating income was $186 million, down 3% or $5 million, as higher gross profit driven by increased revenues was more than offset by increased spin-off costs associated with the planned separation, higher selling, general and administrative expenses and lower equity in earnings from unconsolidated joint ventures.

Net income attributable to KBR was $133 million, up 16% or $18 million, reflecting strong operating performance, lower interest expense and a lower effective tax rate driven by interest income associated with a discrete tax benefit, partially offset by higher spin-off costs associated with the planned separation.

1 As used throughout this release, book-to-bill and bookings and options exclude long-term UK PFIs.

2 As used throughout this earnings release, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted earnings per share, Adjusted operating cash flows, and Adjusted operating cash conversion are non-GAAP financial measures. All non-GAAP financial measures reflect results from continuing operations. See additional information at the end of this release re

EX-99.1

2 q226kbr-exhibit991x07032026.htm

EX-99.1

Document

Exhibit 99.1

KBR Reports Second Quarter Fiscal 2026 Results

Second Quarter Fiscal 2026 Results

(All comparisons against the second quarter fiscal 2025 unless noted.)

•Revenues of $2.0 billion, up 2%

•Net income attributable to KBR of $96 million, up 32%; Operating income of $172 million, down 11% with an Operating income margin of 8.7%

•Adjusted EBITDA2 of $258 million, up 7% with an Adjusted EBITDA2 margin of 13.0%

•Diluted EPS attributable to KBR of $0.75, up 34%

•Adjusted EPS2 of $0.99, up 9%

•Bookings and options1 of $1.8 billion with 1.1x book-to-bill1

Second Quarter YTD Fiscal 2026 Results

(All comparisons against the second quarter YTD fiscal 2025 unless noted.)

•Revenues of $3.9 billion, down 2% due to expected EUCOM contingency runoff

•Net income attributable to KBR of $198 million, up 5%; Operating income of $352 million, down 11% with an Operating income margin of 9.0%

•Adjusted EBITDA2 of $509 million, up 4% with an Adjusted EBITDA2 margin of 13.0%

•Diluted EPS attributable to KBR of $1.55, up 8%

•Adjusted EPS2 of $1.95, up 2%

•Bookings and options1 of $3.7 billion with 1.1x book-to-bill1

HOUSTON, TX - July 30, 2026 - KBR, Inc. (NYSE: KBR) today announced its second quarter fiscal 2026 results.

“We delivered a strong first half while continuing to position both businesses for long-term success as we advance toward separation,” said Stuart Bradie, President and Chief Executive Officer. “Demand remains healthy across our core markets, supported by strong customer relationships, disciplined execution and growing visibility into future performance. In STS, we delivered another strong quarter of bookings, driving record backlog levels and reinforcing the durability of demand across our portfolio. In MTS, customer demand remains strong, and awarded work under protest continues to provide visibility beyond reported backlog. As we prepare for separation, we are taking actions to simplify our cost structure, improve efficiency and position both companies to compete more effectively as focused, standalone businesses. We remain confident in the opportunities ahead and our ability to create long-term value for shareholders.”

1 As used throughout this release, book-to-bill and bookings and options exclude long-term UK PFIs. In the prior quarter, these metrics also excluded the Plaquemines LNG project.

2 As used throughout this earnings release, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted earnings per share, Adjusted operating cash flow, and Adjusted operating cash conversion are non-GAAP financial measures. All non-GAAP financial measures reflect results from continuing operations. See additional information at the end of this release regarding non-GAAP financial information, including reconciliations to the nearest GAAP measures

1

Summarized Second Quarter Fiscal 2026 Consolidated Results

Three months endedSix months ended

July 3,July 4,July 3,July 4,

Dollars in millions, except share data2026202520262025

Revenues$1,984 $1,952 $3,907 $3,970

Operating income172 194 352 396

Net income attributable to KBR96 73 198 189

Net income attributable to KBR from continuing operations 95 105 198 225

Adjusted EBITDA2 258 242 509 490

Operating income margin 8.7 %9.9 %9.0 %10.0 %

Adjusted EBITDA2 margin 13.0 %12.4 %13.0 %12.3 %

Earnings per share:

Diluted earnings per share attributable to KBR 0.75 0.56 1.55 1.44

Diluted earnings per share from continuing operations0.74 0.81 1.55 1.71

Adjusted earnings per share2 0.99 0.91 1.95 1.91

Cash flows:

Operating cash flows from continuing operations 50 217 160 308

Adjusted operating cash flows2 64 217 183 308

Return of capital to shareholders:

Payments to repurchase common stock25 48 29 204

Payments of dividends to shareholders21 21 42 41

July 3,January 2,

20262026

Leverage:

Net debt3 2,2582,117

TTM Adjusted EBITDA2 987968

Net leverage 2.3x2.2x

Second Quarter Fiscal 2026 Consolidated Results Review

(All comparisons against the second quarter fiscal 2025 unless noted.)

Revenues were $2.0 billion, up 2% or $32 million. Growth was driven by the continued ramp-up of recently awarded projects within Sustainable Technology Solutions, as well as growth in Mission Technology Solutions across International Government Clients. Within U.S. Government Defense and Intelligence Clients, reported revenues declined year over year due to the expected runoff of EUCOM contingency-related activity; excluding EUCOM runoff, revenues increased year over year.

Operating income was $172 million, down 11% or $22 million, as higher gross profit was more than offset by one-time spin-off costs and other charges associated with the planned separation.

Net income attributable to KBR was $96 million, up 32% or $23 million, reflecting higher gross profit, lower selling, general and administrative expenses, lower interest expense and the absence of prior-year losses from discontinued operations

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