Recent Updates — KBR
KBR reported third-quarter fiscal 2026 revenues of $2.0 billion, up 5%, and net income attributable to KBR of $133 million, an 18% increase in diluted earnings per share to $1.06. Adjusted EBITDA rose 12% to $268 million with a margin of 13.2%. The company reaffirmed its full-year fiscal 2026 guidance for adjusted EPS between $3.87 and $4.22. KBR also advanced plans to spin off its Mission Technology Solutions business as an independent public company named Trinzic, targeting completion in January 2027. KBR is a global engineering and professional services firm serving industrial, energy, and infrastructure markets.
The Board of Directors adopted amended and restated bylaws effective October 13, 2026. Key changes include clarifying that vacancies from resignations do not count toward the number of directors for advance notice purposes, and revising the exclusive forum provision to exclude Securities Act claims from state court jurisdiction. KBR provides engineering, technical, and professional services.
KBR, Inc. announced the appointment of Rami Qasem to its Board of Directors effective October 1, 2026. Mr. Qasem brings nearly 30 years of international leadership experience in energy, technology, and industrial sectors, including prior roles as CEO of APEX Industrial Services and Executive Vice President at Baker Hughes. The appointment strengthens KBR's governance as it progresses toward the planned separation of its Mission Technology Solutions business into an independent public company named Trinzic in January 2027. KBR operates as a global capital-light lifecycle solutions provider serving high-complexity industrial, energy, and infrastructure markets.
KBR, Inc. reported second quarter fiscal 2026 results with revenues of $1.98 billion, up 2% year-over-year, and net income attributable to KBR of $96 million, a 32% increase. Diluted EPS rose 34% to $0.75, while Adjusted EBITDA grew 7% to $258 million with a 13.0% margin. Operating income declined 11% to $172 million due to one-time spin-off costs associated with the planned separation of its Mission Technology Solutions segment. The company returned $46 million in capital to shareholders, comprising $25 million in share repurchases and $21 million in regular dividends. Bookings and options totaled $1.8 billion with a 1.1x book-to-bill ratio, bringing total backlog and options to $23.0 billion. KBR reaffirmed its full-year fiscal 2026 guidance for revenues of $7.90B-$8.36B and Adjusted EPS of $3.87-$4.22. The spin-off is targeted for completion on January 4, 2027. KBR provides science, technology, and engineering solutions to governments and companies globally.
On July 10, 2026, KBR, Inc. entered into amended and restated severance and change in control agreements with its executive officers, including CEO Stuart Bradie and CFO Shad Evans. Key changes include increasing the cash severance multiple from 1.0x to 1.5x for non-CEO executives, establishing objective retirement eligibility (age plus service years totaling 70+), and revising the definitions of "Good Reason" and "Cause" to provide more protections for executives. The agreement for General Counsel Sonia Galindo further includes pro-rata bonus and equity vesting for non-change in control severance and a legal practice exception to the non-compete clause. KBR is a government services and technology company providing engineering, procurement, and construction services.