KBR, Inc. Q4 2024 Earnings Conference Call
On February 24, 2025, at 4:00 PM ET, KBR, Inc. (NYSE: KBR) held its Q4 2024 earnings conference call. The call was hosted by Jamie DuBray, VP of Investor Relations, Stuart Bradie, President and CEO, and Mark Sopp, EVP and CFO. The following are some highlights from the call:
Business Updates
Stuart Bradie began the call by providing an update on the company’s business performance. He mentioned that KBR had a strong finish to the year, with revenue growth in all three of its business segments: Technology, Engineering & Construction (TEC), Government Services, and Services & Operating Companies (SOC). He also highlighted the company’s backlog, which stood at $6.3 billion as of December 31, 2024, an increase of $1.1 billion from the previous year.
Financial Results
Mark Sopp then discussed the financial results for the quarter. He reported that KBR had earnings per share of $0.85, which was above the consensus estimate of $0.78. Revenues came in at $1.2 billion, which was lower than the consensus estimate of $1.3 billion. Sopp attributed the revenue miss to lower-than-expected revenues in the TEC segment. However, he noted that the company’s operating income and net income were both higher than expected.
Capital Deployment
During the call, KBR also announced a new share repurchase program, authorizing the purchase of up to $250 million of the company’s common stock. This program replaces the previous program, which had $200 million remaining as of December 31, 2024.
Impact on Individual Investors
The strong earnings report and the announcement of the new share repurchase program were well-received by the market. KBR’s stock price jumped by more than 5% in after-hours trading following the earnings release. This could be good news for individual investors who own KBR stock, as the higher earnings and the buyback program could lead to increased value for their shares.
Impact on the World
KBR’s business segments have a global reach, and the company’s performance can have an impact on various industries and economies around the world. For example, the Technology segment provides technology solutions for the energy, hydrocarbons, minerals, civil infrastructure, power, and industrial sectors. The Government Services segment offers a range of services to government clients, including logistics, engineering, construction, and operations and maintenance. The Services & Operating Companies segment provides industrial services and maintenance to various industries, including refining, petrochemicals, and fertilizers. A strong performance by KBR in these segments could indicate positive trends in the industries they serve, which could have broader economic implications.
Conclusion
In conclusion, KBR, Inc.’s Q4 2024 earnings call provided some encouraging news for the company and its investors. The strong earnings report and the announcement of a new share repurchase program were well-received by the market. The company’s business segments, which have a global reach, could also have broader implications for various industries and economies around the world.
- KBR reported earnings per share of $0.85, above the consensus estimate of $0.78
- Revenues came in at $1.2 billion, lower than the consensus estimate of $1.3 billion
- Operating income and net income were both higher than expected
- The company announced a new share repurchase program, authorizing the purchase of up to $250 million of common stock
- A strong performance by KBR’s business segments could indicate positive trends in the industries they serve
