Q3 2024 KBR Inc Earnings Call Transcript
Key Points
- KBR Inc (KBR) reported double-digit year-over-year growth in revenue, adjusted EBITDA, and operating cash flow for Q3 2024.
- The company achieved a book-to-bill ratio of 1.2x, indicating strong demand and a solid foundation for future growth.
- KBR Inc (KBR) increased its guidance for revenue, adjusted EBITDA, and adjusted EPS for 2024, reflecting strong performance and the integration of LinQuest.
- The acquisition of LinQuest is progressing well, with over $60 million in new orders secured since the acquisition.
- KBR Inc (KBR) continues to expand its global reach, with significant contract wins in the Middle East and strong performance in international markets.
- The HomeSafe program's revenue contribution for 2024 is below expectations, although it does not impact profit due to conservative initial guidance.
- There are potential delays in energy transition projects, particularly in the U.S., which could be influenced by the upcoming election results.
- The company faces skilled labor shortages in the UK, impacting the progress of its plastics recycling technology project.
- KBR Inc (KBR) is cautious about the impact of the continuing resolution (CR) on U.S. government bookings, which could delay contract awards.
- The integration of LinQuest, while positive, brings additional interest expenses that slightly offset the earnings contribution.
Good morning, everyone, and welcome to KBR Third Quarter 2024 earnings conference call. My name is Emily, and I'll be coordinating your call today. ( Operator Instruction). I will now turn the call over to our host, Jamie DuBray, Vice President of Investor Relations. Please go ahead. Jamie.
Thank you, Emily, and good morning, and welcome to KBR Third Quarter Fiscal 2024 earnings call. Joining me are Stuart Bradie, President and Chief Executive Officer, as well as Mark Sopp, Executive Vice President and Chief Financial Officer. Stuart and Mark will provide highlights from the quarter and then open the call for your questions.
Today's earnings presentation is available on the Investors section of our website at KBR.com. This discussion includes forward-looking statements reflecting KBR's views about future events and their potential impact on performance a s outlined on slide 2. These matters involve risks and uncertainties that could cause actual results to differ significantly from these
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