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.