KBR — May 6, 2025 release

During the first quarter, KBR returned $176 million in capital to shareholders, consisting of $156 million in share repurchases (including withhold to cover shares) and $20 million in regular dividends. Fiscal Year 2025 Guidance KBR reaffirms the outlook below for fiscal year 2025. Fiscal Year 2025 Guidance Revenues $8.7B - $9.1B Adjusted EBITDA $950M - $990M Adjusted EPS $3.71 - $3.95 Operating cash flows $500M - $550M The company does not provide reconciliations of Adjusted EBITDA and Adjusted EPS to the most comparable GAAP financial measures on a forward-looking basis because the company is unable to predict with reasonable certainty the ultimate outcome of legal proceedings, unusual gains and losses, and acquisition-related expenses without unreasonable effort, which could be material to the company’s results computed in accordance with GAAP. 1 As used throughout this release, book-to-bill excludes long-term UK PFIs and the Plaquemines LNG project. Bookings and options exclude long-term UK PFIs and the Plaquemines LNG project. 2 As used throughout this earnings release, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted earnings per share, and Operating cash conversion are non-GAAP financial measures. See additional information at the end of this release regarding non-GAAP financial information, including reconciliations to the nearest GAAP measures. Trailing-twelve months (TTM) Adjusted EBITDA. 3 Net debt refers to total gross debt before unamortized debt issuance costs and discounts, less cash and ca