KBR, Inc. - KBR STOCK NEWS

KBR has been awarded an engineering services contract from BP Exploration for the Shah Deniz compression project in Azerbaijan's Caspian Sea, marking a significant step in the project's early pre-FID stage. The joint venture SOCAR-KBR will provide optimization and class-3 engineering services, including integrating the platform with existing systems and supporting BP's carbon reduction goals. This project will pioneer crewless operations in the region, utilizing advanced technology to enhance efficiency. KBR's expertise in energy transition highlights its commitment to sustainable solutions.

KBR, Inc. (NYSE: KBR) announced its participation in several upcoming investor conferences. Key participants include Byron Bright, Mark Sopp, and Jamie DuBray. The events are as follows:

• Baird's 2022 Government & Defense Conference: November 17, 2022, at 12:45 p.m. ET.
• Credit Suisse 10th Annual Global Industrials Conference: November 30, 2022, at 10:15 a.m. ET.
• Truist Securities Industrials and Services 4th Annual Summit: December 6, 2022.

Investors can access live webcasts on KBR's investor relations website.

KBR (NYSE: KBR) has secured a contract from Deepak Fertilizers and Petrochemicals Corporation Ltd. (DFPCL) to enhance production capacity and reduce emissions at three of its plants. This partnership aims to modernize existing assets while supporting DFPCL’s sustainability goals. KBR has a longstanding relationship with DFPCL, having licensed 76 nitric acid plants globally. The firm is notable for its leading technology in the U.S. market and employs around 28,000 people across 34 countries, focusing on innovative engineering solutions.

KBR has secured two contracts exceeding $120 million to provide advanced analytics, modeling, and data management services for the U.S. government's evaluation of strategic space system acquisitions. The contracts, focusing on spacecraft systems and IT, will run through 2027. KBR's Government Solutions U.S. President, Byron Bright, emphasized the company’s commitment to being a trusted advisor in space system acquisition. KBR continues to expand its role in government contracts, reflecting a strategic focus on the growing space sector.

KBR (NYSE: KBR) has launched a new 10,000 MTPD blue and green ammonia offering to address the increasing global demand for sustainable energy and fertilizers. This offering utilizes KBR's leadership in capacity scale-up and advanced digital technologies for reliable and flexible clean ammonia production. With a significant market share in ammonia technology and a record of efficient operations, KBR aims to support the transition to a net-zero hydrogen future. The company has licensed and engineered 252 ammonia plants globally, reinforcing its position in the industry.

KBR reported strong Q3 2022 results with a net income of $74 million and an adjusted EBITDA of $171 million, achieving 11% adjusted EBITDA margins. Revenue was $1.6 billion, down 12% year-over-year due to completed projects. However, excluding these impacts, revenue organically grew by 11%. KBR raised its FY 2022 guidance, projecting revenue between $6.5 billion and $6.7 billion, and adjusted EPS is forecasted at $2.60 to $2.65. The company secured $2.7 billion in new bookings while maintaining robust cash flows.

KBR (NYSE: KBR) served as co-lead sponsor for the 38th Annual Army Ten-Miler, held on Oct. 9, 2022, in Washington, D.C., marking its sponsorship since 2005. The event attracted approximately 20,000 runners and has raised over $8 million for Army Morale, Welfare, and Recreation programs. Additionally, KBR sponsored the Army Ten-Miler Shadow Run Series, facilitating participation for military personnel overseas. This sponsorship included hospitality services and a donation to the non-profit organization 'Wear Blue: Run to Remember,' further emphasizing KBR's commitment to supporting U.S. armed forces.

KBR has declared a quarterly dividend of $0.12 per share, set to be paid on January 13, 2023. Stockholders of record by December 15, 2022 will be eligible for this dividend. This ongoing commitment to returning value to shareholders reflects the company's financial confidence and stability in its operations across 34 countries.

KBR has secured a contract from GS Caltex for a plastics circularity project in South Korea. Utilizing KBR and Mura's Hydro-PRT® process, the 50 kTA unit will convert waste plastics into new plastic raw materials, contributing to total circularity. KBR's President expressed excitement about supporting GS Caltex's sustainability goals, while Mura's CEO highlighted the project's ability to help companies achieve their ESG objectives. This partnership enhances KBR's long-standing expertise in process technology and aligns with their commitment to sustainability.