KBR, Inc. (KBR) Reaffirms FY17 Guidance

KBR, Inc. (NYSE: KBR) announced today that Stuart Bradie, President and CEO, and Mark Sopp, Executive Vice President and CFO, will speak at the 2017 KeyBanc Capital Markets' Industrial, Automotive & Transportation Conference on Thursday, June 1, 2017.

The June 2017 investor presentation which will be used for the KeyBanc Capital Market conference as well as other investor communications may be found on the investor relations section of the website at http://investors.kbr.com beginning May 31, 2017.

In connection with the conference presentation, KBR reaffirms its earnings guidance for fiscal year 2017. KBR's guidance of earnings per share is on an adjusted EPS basis, which excludes legacy legal costs. The company reiterates its full year 2017 fully diluted adjusted earnings per share guidance of between $1.10 and $1.40 per share.

However, with the resolution of the PEMEX settlement, KBR projects earnings per share to be above the mid-point in the range. KBR's diluted adjusted earnings per share excludes legal costs associated with legacy U.S. Government contracts which are expected to be approximately $9 million, or $0.07 per fully diluted share in 2017. The estimated legacy legal fees do not assume any cost reimbursement from the U.S. Government that could occur in the future.

KBR's estimated effective tax rate for 2017 will range from 25% to 27%. The expected EBITDA range for 2017, which is on the same basis as the EPS guidance, is $300-$350 million. The estimate for operating cash flows will range from $100 - $200 million for 2017.

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