Oct 28, 8:14 PM ET
KBR reported fiscal third-quarter 2026 results on October 29, 2026, with revenue of $2.0 billion, up 5%, and net income attributable to KBR of $133 million, up 16%. Diluted EPS rose 18% to $1.06, though operating income fell 3% to $186 million on higher spin-off costs. KBR reaffirmed its full-year fiscal 2026 guidance and said the spin-off of Mission Technology Solutions, to be renamed Trinzic, is targeted for January 4, 2027.
- Revenue of $2.0 billion, up 5%; Sustainable Technology Solutions revenue rose 26% to $762 million while Mission Technology Solutions fell 5% to $1.3 billion
- Operating income of $186 million, down 3%, as spin-off costs rose; adjusted EBITDA of $268 million, up 12%
- Adjusted EPS of $1.12, up 10%
- Full-year fiscal 2026 guidance reaffirmed: revenue $7.90 billion to $8.36 billion and adjusted EPS $3.87 to $4.22; Investor Days set for November 11 and 12, 2026
Read the filing on SEC.gov ↗
Oct 1, 5:04 PM ET
KBR named Rami Qasem as a director effective October 1, 2026, filling a new board seat for a term ending at its 2027 annual meeting. The Board has deemed him independent, and his committee assignments have not yet been set. The appointment comes ahead of the planned January 2027 spin-off of its Mission Technology Solutions business, which will be called Trinzic.
- Rami Qasem, age 59, joins the KBR board effective October 1, 2026, with a term expiring at the 2027 annual meeting.
- Qasem previously served as CEO of Digital Solutions at Baker Hughes from 2017 to 2023 and spent 21 years at General Electric.
- The Board has determined Qasem is independent; committee assignments will be disclosed later by amendment.
- KBR plans to spin off Mission Technology Solutions as Trinzic in January 2027, a business the company says will have more than $5 billion in annual revenue.
Read the filing on SEC.gov ↗
Jul 29, 8:04 PM ET
KBR reported second-quarter fiscal 2026 results on July 30, 2026, with revenues of $2.0 billion, up 2%, net income attributable to KBR of $96 million, up 32%, and diluted EPS of $0.75, up 34%. Operating income fell 11% to $172 million on one-time spin-off costs and other charges, and operating cash flows from continuing operations were $50 million, down 77%. KBR reaffirmed its full-year fiscal 2026 guidance and is targeting completion of the planned Mission Technology Solutions spin-off on January 4, 2027.
- Revenues of $2.0 billion, up 2%; net income attributable to KBR of $96 million, up 32%; diluted EPS of $0.75, up 34%
- Operating income of $172 million, down 11%, including $31 million in spin-off costs and other charges in the quarter
- Adjusted EPS of $0.99, up 9%; Adjusted EBITDA of $258 million, up 7%
- Full-year fiscal 2026 guidance reaffirmed: revenues of $7.90B to $8.36B and Adjusted EPS of $3.87 to $4.22
Read the filing on SEC.gov ↗
Jul 10, 4:30 PM ET
On July 10, 2026, KBR entered amended and restated severance and change-in-control agreements with six executive officers, including CEO Stuart Bradie and CFO Shad Evans. The filing says the changes make the terms of 'Good Reason' and 'Cause' more specific and raise the cash severance multiple for officers other than the CEO from 1.0x to 1.5x, which could increase payouts if those officers leave.
- Cash severance multiple for executive officers other than the CEO rises from 1.0x to 1.5x of base salary plus target bonus.
- Good Reason now includes a relocation of the principal office to more than 50 miles away, among other triggers, without the executive's consent.
- Retirement eligibility adds objective criteria: a sum of age and years of service of 70 or greater, with age at least 55 and five years of service, plus six months' notice.
- General Counsel Sonia Galindo's agreement has additional provisions, including pro-rata bonus and equity vesting outside a change in control, and is filed as Exhibit 10.2.
Read the filing on SEC.gov ↗
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