KBR narrows FY24 adjusted EPS view to $3.15-$3.30 from $3.10-$3.30

Consensus $3.24. Backs FY24 revenue view $7.4B-$7.7B, consensus $7.57B. Narrows FY24 adjusted EBITDA view to $825M-$850M from $810M-$850M. Updated guidance does not reflect the anticipated acquisition of LinQuest. Bradie continued, “The announcement of the agreement to acquire LinQuest, an engineering, data analytics and digital integration company, builds on the strategy outlined in our investor day. We believe LinQuest will be an important accelerator to KBR‘s strategy of furthering the delivery of high-end technology, expertise and mission capabilities. It is a leader in supporting the U.S. Space Force, U.S. Air Force and other U.S. Department of Defense and intelligence agencies, and together, KBR and LinQuest have highly complementary capabilities that we expect will drive revenue growth and synergy opportunities.”