KBR Stock Price, News & Analysis

KBR (NYSE: KBR) has been awarded a contract to supply ammonia technology for a large-scale low-carbon ammonia facility in the Middle East, targeting one million tons per annum. The agreement includes technology licensing, basic engineering design, and proprietary equipment. This project highlights the region's ambition to lead in low-carbon fuels, leveraging ammonia for clean hydrogen production. KBR holds approximately 50% of the market share in ammonia technology and has established over 250 ammonia plants globally since 1943. The CEO, Doug Kelly, expressed pride in KBR's role in this transformative energy transition initiative.

KBR has announced the launch of its Sustainable Aviation Fuel (SAF) technology in collaboration with Swedish Biofuels AB. This partnership enhances KBR's decarbonization efforts within the aviation sector, offering a distinct SAF solution that processes both ethanol and carbon dioxide to create aviation fuel. The technology was validated with assistance from DARPA at Wright-Patterson Air Force Base. KBR's President, Doug Kelly, expressed enthusiasm for aiding the aviation sector in achieving sustainability objectives. The company aims to help meet net zero emission targets by 2030 and beyond, demonstrating its commitment to reducing CO2 emissions through innovation in fuel technology.

KBR, Inc. reported strong Q4 and fiscal 2022 results, highlighted by a 23% revenue increase year-over-year to $1.6 billion. The company achieved a net income of $93 million and an Adjusted EBITDA of $157 million, reflecting a 10% margin. For fiscal 2023, KBR projects revenue of $6.9 to $7.1 billion and Adjusted EBITDA of $715 to $745 million, with an increase in the quarterly dividend by 12.5% to $0.135 per share. KBR's backlog stands at $19.8 billion, with a 1.2x book-to-bill ratio. The company emphasizes its commitment to carbon neutrality and sustainable technology solutions.

KBR has announced a quarterly dividend of $0.135 per share on its common stock, which will be paid on April 14, 2023. Stockholders of record by March 15, 2023 will be eligible to receive this dividend. This declaration signals KBR's commitment to returning value to its shareholders. The company, which employs approximately 28,000 people across 34 countries, continues to provide technology and engineering solutions globally.

KBR (NYSE: KBR) announced that its K-GreeN® technology has been chosen by Enaex, S.A. for the HyEx green ammonia project in Chile. The project aims to produce green ammonia using renewable energy sources like photovoltaic power. Toyo Engineering Corporation will conduct front-end engineering design using KBR's proprietary technology. KBR has a strong track record in ammonia technology, with over 250 grassroot ammonia plants licensed, engineered, or constructed globally since 1943. This initiative is poised to enhance Chile's renewable energy capabilities and contribute to the global clean hydrogen energy future.

KBR, a global provider of science and engineering solutions, is set to host a conference call to discuss its fourth quarter and fiscal year 2022 financial results on February 16, 2023, at 7:30 a.m. CT. The earnings release and presentation will be available on KBR's website prior to the call. This will be an opportunity for investors to gain insights into the company's financial performance and future outlook. A replay of the call will also be accessible post-event.

KBR (NYSE: KBR) has launched Asset Ikigai, an ISO 55001-certified asset management framework designed to optimize the value of physical asset portfolios for government and commercial clients. This next-generation framework integrates data, analytics, and management strategies, enhancing asset lifecycle processes from maintenance and reliability to sustainability. KBR's president, Byron Bright, emphasized the framework's ability to improve mission readiness and balance cost and risk. Initial implementations are underway in Europe, Africa, and the Middle East, with global availability now confirmed.

KBR (NYSE: KBR) has announced its Vinyl Acetate Monomer (VAM) technology will be used by Asian Paints Limited for a new production facility in India. KBR will provide technology licensing, engineering, equipment, and catalyst for the 100,000 tons per annum facility. This collaboration aims to enhance production efficiency and reduce raw material imports, supporting Asian Paints' commitment to eco-friendly paints. KBR, with over 50 years of experience, continues to provide innovative solutions in the petrochemical sector.