Welcome to our dedicated page for KBR news (Ticker: KBR), a resource for investors and traders seeking the latest updates and insights on KBR stock.
KBR, Inc. provides science, technology, engineering, mission support, and long-term operations and maintenance services to government and commercial customers worldwide. News about KBR commonly centers on its Mission Technology Solutions contract awards, including U.S. military logistics, base operations, data analytics, aviation safety, transportation systems, and readiness support under programs such as AFCAP V and LOGCAP V.
KBR updates also cover quarterly financial results, bookings, margins, share repurchases, and technology initiatives. Its Sustainable Technology Solutions activity includes engineering and project delivery for energy-sector technologies, including lithium extraction, refining, and conversion offerings such as PureLi and alliance-based deployment of Li-Capt technology.
KBR has secured a feasibility study contract from PKN ORLEN to explore plastics recycling projects in Central Europe using KBR's Hydro-PRT technology. This collaboration includes a Letter of Intent for future projects, aimed at supporting PKN ORLEN's ESG and circular economy objectives. Hydro-PRT is noted for converting waste plastics into valuable petrochemical products. KBR emphasizes the significance of this contract for long-term technology potential in promoting decarbonization goals. KBR, a leader in process technology for over 50 years, continues to position itself in the evolving recycling sector.
KBR has entered an alliance with Johnson Matthey to license the FORMOX™ Integrated UFC Technology, enhancing the production of Urea Formaldehyde Concentrate (UFC). This innovative technology integrates JM's methanol and UFC production processes with KBR's ammonia process, aimed at improving urea quality for fertilizer complexes. KBR's President, Doug Kelly, emphasized the potential for increased crop yields and reduced carbon footprint. The partnership builds on previous successful collaborations and showcases KBR's extensive experience with ammonia production, having constructed over 244 ammonia plants globally.
KBR has announced a quarterly dividend of $0.11 per share on its common stock. The dividend will be paid on October 15, 2021, to shareholders on record as of September 15, 2021. This announcement highlights KBR's commitment to returning value to its shareholders amidst ongoing economic challenges. The company continues to provide solutions across various sectors, with a workforce of approximately 29,000 employees operating in over 40 countries.
KBR announced an agreement to acquire Frazer-Nash Consultancy Limited for approximately $400 million in cash. This acquisition aims to enhance KBR's advisory and consulting platform, targeting sectors such as defense and critical infrastructure. Frazer-Nash is projected to generate $150 million to $170 million in revenue in FY 2022, with an expected adjusted EBITDA margin in the upper teens. The acquisition is forecasted to be $0.10 accretive to adjusted EPS in FY 2022, enhancing KBR's market position.
KBR (NYSE: KBR) has secured a technology licensing contract for PKN ORLEN's Petrochemical Development Program in Poland. This project marks Europe’s largest petrochemical initiative in two decades. KBR will provide its Selective Cracking Optimum Recovery (SCORE™) technology, along with basic engineering design and proprietary equipment. Doug Kelly, KBR President, emphasized the project’s significance for sustainability and operational efficiency. KBR has over 50 years of experience in olefins technology, having licensed more than 100 ethylene plants globally.
KBR has announced a technology contract with TreeToTextile AB to build a sustainable textile fibers demonstration plant in Nymölla, Sweden. The agreement involves KBR providing technology licensing, engineering, and proprietary equipment for a chemicals recovery unit. This unit will enable the sustainable reuse of valuable chemicals through KBR's innovative Ecoplanning solutions. KBR's President, Doug Kelly, emphasized the company's commitment to expanding its sustainable technology portfolio.
KBR and Petron Scientech Inc. have forged an alliance to license advanced, sustainable technologies for renewable chemicals production. This agreement designates KBR as the exclusive licensor of PSI's K-MEG℠, K-SEET℠, and Max-Leic℠ technologies aimed at transforming ethanol into key chemical derivatives. With over 30 years of expertise, PSI excels in renewable ethanol and bioprocessing. KBR's role includes offering engineering services for new and existing biorefineries, enhancing ESG compliance globally.
KBR, Inc. reported strong second quarter 2021 results with revenues of $1.5 billion, an 11% increase year-over-year, and government solutions revenue rising 29% to $1.2 billion. Adjusted EBITDA grew almost 50% to $156 million. Despite a non-cash operating loss of $88 million due to settlement discussions with the Ichthys LNG client, KBR reaffirmed its revenue guidance of $5.8 billion to $6.2 billion for FY 2021. The company also updated adjusted EPS guidance to $2.00-$2.20 and increased its quarterly dividend by 10%. KBR reported a healthy book-to-bill ratio of 1.1x.
KBR has secured technology licensing contracts with PKN ORLEN for its Solvent Deasphalting (SDA) and Residue Fluid Catalytic Cracking (RFCC) technologies, aimed at refining operations at PKN's Plock Refinery in Poland. The ROSE® technology will enhance feedstock quality, while the MAXOFIN℠ technology seeks to boost propylene production. These contracts demonstrate KBR's commitment to sustainable and energy-efficient refining solutions, marking a significant milestone in KBR's strategic partnerships within the industry.
KBR has been awarded a contract by Neo Lithium Corp. for its Tres Quebradas Lithium Project in Argentina. The contract involves implementing KBR's evaporation and crystallization technology to optimize lithium yields for battery-grade lithium carbonate production. KBR's President, Doug Kelly, emphasized the company's commitment to sustainable growth. With over 40 years of experience in inorganic materials recovery, KBR aims to ensure compliance with stringent environmental regulations.