KBR, Inc. (NYSE: KBR) reported Q1 EPS of $0.48, in-line with the analyst estimate of $0.48. Revenue for the quarter came in at $1.46 billion versus the consensus estimate of $1.46 billion.

GUIDANCE:

KBR, Inc. sees FY2021 EPS of $2.00-$2.20, versus the consensus of $2.13. KBR, Inc. sees FY2021 revenue of $5.8-6.2 billion, versus the consensus of $5.96 billion.

"KBR is off to a strong start in 2021, building on its momentum with new program wins, innovative technologies and solid execution and safety performance, all contributing to profitable growth in the first quarter," said Stuart Bradie, President and CEO of KBR. "We posted key wins in trusted microelectronics, automation, rapid prototyping, sustainable technology licensing, energy transition and more. At the same time, we continued advancing innovations in important high-growth areas such as climate change, cyber analytics and space superiority. Thanks to the unrelenting focus of our talented people, KBR is poised to continue generating strong free cash flow and to delivering revenue and profitability in line with our expectations and long-term objectives. Given KBR's solid foundation of enduring long-term contracts, and strong macro-tailwinds that align with our expertise, we are confident that the company is well positioned for sustainable growth and value creation."

KBR has reaffirmed its expectations of FY 2021 financial results, including:

• Consolidated revenue: $5.8 billion to $6.2 billion
• Adjusted EBITDA margin: ~9%
• Effective tax rate: 25% to 26%
• Earnings per share (EPS): $1.39 to $1.59; adjusted EPS: $2.00 to $2.20
• Operating cash flow (OCF): $243 million to $283 million; adjusted OCF: $280 million to $320 million

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