KBR (NYSE:KBR) Stock, Quote.Headers.trade-ideas

KBR (formerly Kellogg, Brown & Root) is global provider of technology, integrated engineering, procurement, and construction delivery, and operations and maintenance services. The company's business is organized into two segments: government solutions and sustainable technology solutions. KBR has operations in over 30 countries, and employs approximately 34,000 people. The firm generated $7 billion in revenue in 2023.

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The joint venture (JV) between Jacobs Solutions Inc.&#39;s (NYSE: J) subsidiary, Halcrow, and AECOM (NYSE: ACM) has entered into a consultancy agreement with the Civil Engineering and Development Department (&#34;CEDD&#34;) o

Jacobs&#39; Halcrow Signs Consultancy Deal With CEDD in Hong Kong

KBR, Inc. (NYSE: KBR) has secured a significant contract worth an estimated $199 million to enhance the Department of Defense&#39;s (DoD) digital infrastructure.

KBR Secures $199M Contract, Boosts DoD Digital Capabilities

Dycom Industries, Inc. (NYSE: DY) is scheduled to report second-quarter fiscal 2025 (ended on Jul 27, 2024) results on Aug 21, before the opening bell.

Dycom Gears Up to Report Q2 Earnings: What&#39;s in Store?

KBR Inc

Kobo Resources Inc

K-Bro Linen Inc

KBS Real Estate Investment Trust II Inc

KBR ORD

KBRIDGE ENERGY CORP ORD by Kbridge Energy Corp.

Kbridge Energy Corp

KBR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBR#NYSE">KBR</a>)&nbsp;announced today that KTJV, a KBR and Technip Energies joint venture, has been selected by Lake Charles&nbsp;LNG Export Company, a subsidiary of Energy Transfer LP, for its Lake Charles LNG transformation project.
Under the terms of the agreement, KTJV will provide high-end engineering, procurement, construction management, construction, commissioning, startup and other related services, subject to Lake Charles LNG's decision to issue a notice to proceed for the project.
The project would transform Energy Transfer's existing import facility into a world-class LNG export facility to meet the world's growing LNG and energy security demands. This conversion would include the delivery of three liquefaction trains and modifications to existing storage and dock facilities designed to enable the export of 16.45 metric tons per annum of LNG.

KBR Announces KTJV, A KBR And Technip Energies Joint Venture, Has Been Selected By Lake Charles LNG Export Company, A Subsidiary Of Energy Transfer LP, For Its Lake Charles LNG Transformation Project

KBR will perform information systems modernization for Logistics Information Technology (LOG IT) programs supporting Naval Air Systems Command (NAVAIR), Program Executive Office for Manpower, Logistics and Business Solutions (PEO MLB) and Commander, Fleet Readiness Centers (COMFRC).
&nbsp;The work will be primarily performed at Naval Air Station&nbsp;Patuxent River, Maryland&nbsp;and&nbsp;Huntsville, Alabama&nbsp;over a period of five years. &nbsp;

KBR Secures Estimated $230M Cost-plus-fixed-fee Recompete Contract Under The Department Of Defense Information Analysis Center's Multiple-award Contract Vehicle

KBR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBR#NYSE">KBR</a>) announced it was awarded a 60-month cost-plus-fixed-fee recompete Information Analysis Center Multiple Award Contract (IAC MAC) task order with an estimated value of $140 million to provide operational safety, suitability, and effectiveness engineering tasks supporting the Air Force Life Cycle Management Center (AFLCMC).
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As the U.S. Air Force's trusted partner, KBR will continue to perform research and analyses developing recommendations related to reliability, maintainability, quality, supportability, and interoperability, airworthiness,&nbsp;life cycle management, failure testing, and diminishing manufacturing sources and material shortages issues at Hill Air Force Base in Clearfield, Utah, and other U.S. Air Force locations.
Under the terms of the contract, KBR will continue to actively assist the F-16, A-10 and T-38 System Program Offices on their digital transformation journeys under digital material management initiatives. The team will also continue providing system engineering and integration support for systems such as the A-10 Ground Collision Avoidance System (GCAS) and the F-16's Secure Mission Data System (SMDS) and JARVIS programs. KBR will develop prototypes for critical safety hardware, such as the T-38 Canopy Transparency, utilizing state-of-the-art rapid prototyping capabilities.

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KBR Bags $140M Follow-on Task Order for Safety and Engineering Support at Hill Air Force Base

The award is part of SHI&#39;s diversification in the ocean energy business, with a focus on maritime technology. The study will utilize KBR&#39;s innovative blue ammonia technology, suitable for offshore production, and leverage SHI&#39;s expertise in the design of mega floating vessels.

KBR Secures Conceptual Study Contract For Floating Blue Ammonia Production From Samsung Heavy Industries

KBR's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBR#NYSE">KBR</a>) short percent of float has fallen 28.34% since its last report. The company recently reported that it has 1.98 million shares sold short, which is 1.77% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.8 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>KBR Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726061412_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for KBR has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing KBR's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, KBR's peer group average for short interest as a percentage of float is 2.82%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into KBR's Recent Short Interest

This work will support the sovereign nuclear-powered submarines facilities and infrastructure program, enabling the Submarine Rotational Force (SRF) &ndash; West, and accelerating&nbsp;Australia&#39;s&nbsp;ability to safely own, operate, maintain and sustain its own future nuclear powered submarine fleet.

KBR Bags Contract To Continue To Deliver Technical Design Services At HMAS Stirling From The Security And Estate Group And The Australian Submarine Agency

WIIM

KBR shares are trading lower after TD Cowen downgraded the stock from Buy to Hold.

TD Cowen analyst Gautam Khanna downgrades KBR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBR#NYSE">KBR</a>) from Buy to Hold and announces $72 price target.

Downgrades

Price Target

TD Cowen Downgrades KBR to Hold, Announces $72 Price Target

KBR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBR#NYSE">KBR</a>) has outperformed the market over the past 10 years by 1.45% on an annualized basis producing an average annual return of 12.06%. Currently, KBR has a market capitalization of $8.96 billion. 
Buying $1000 In KBR: If an investor had bought $1000 of KBR stock 10 years ago, it would be worth $3,108.04 today based on a price of $67.37 for KBR at the time of writing.
<h3>KBR's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725566416_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 10 Years Ago, You Would Have $3,100 Today

KBR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBR#NYSE">KBR</a>) announced today it has been awarded engineering contracts by Seatrium Group to develop topsides facilities for two new high-production, energy-efficient floating production storage and offloading (FPSO) units. The units are being designed for Petrobras' Atapu and Sepia fields in the Santos Basin, Brazil.
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Under the terms of the contracts, KBR will provide Seatrium with detailed engineering services and technical engineering procurement support for the topsides of P-84 and P-85 FPSOs, which are part of Petrobras' new generation of FPSO platforms. These platforms are known for their high production capacity and sustainable practices. Each will be capable of producing 225,000 barrels of oil per day and compressing, treating, and re-injecting 10 Mm³ of gas per day.
In line with Petrobras' all-electric concept, the design focuses on efficient power generation and optimized process plants, greatly enhancing energy efficiency. The FPSOs will also integrate advanced technologies to minimize environmental impact, including zero routine flaring and venting, variable speed drives, and CO2 capture measures, aimed at significantly reducing greenhouse gas emissions compared to a design that does not include these technologies.

KBR to Develop Cutting-Edge FPSO Topsides Under New Deal, Boosting Petrobras' Production in Brazil

The joint venture (JV) between Jacobs Solutions Inc.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/j#NYSE">J</a>) subsidiary, Halcrow, and AECOM (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acm#NYSE">ACM</a>) has entered into a consultancy agreement with the Civil Engineering and Development Department (&quot;CEDD&quot;) of the Hong Kong Special Administrative Region (&quot;HKSAR&quot;) government. The agreement underlines the associated work for the first phase of the San Tin Technopole in Hong Kong.
The contract for the first phase includes 250-hectare land development for the city within the Northern Metropolis to support innovation and technology development, housing, community and commercial facilities. Moreover, the project will adopt an integrated low-carbon infrastructure system to meet carbon neutrality goals before 2050 and employ digital strategies, including building information modeling and digital twins, to improve project outcomes.
The work scope of the JV includes design review, detailed design, tendering, construction supervision and associated engineering infrastructure works of San Tin Technopole.
San Tin Technopole development will be carried out in two phases, with the first population and business intake expected in 2031. Upon completion, it is expected to offer approximately 54,000 new housing units.
<h2>Increasing Backlog Driving J&#39;s Growth</h2>
Jacobs&#39; efficient project execution has increased the demand for its consulting services in various sectors, including infrastructure, water, environment, space, broadband, cybersecurity and life sciences. The strong performance in the recent quarters is reflected through its ongoing contract.
The aforementioned statement is supported by the company&#39;s ongoing backlog growth. At the fiscal third-quarter end, it reported a backlog of $30.6 billion, up from $28.9 billion in the year-ago period. This reflects persistent solid demand for Jacobs&#39; consulting services. Of this backlog, P&amp;PS backlog was $19.28 billion compared with $17.5 billion in the comparable year-ago period, primarily driven by growth in the Life Sciences and Energy markets.
Furthermore, the Critical Mission Solutions&#39; backlog at the end of the fiscal third quarter was $8.45 billion, up year over year from $8.1 billion, providing strong visibility into the base business. The upside was mainly fueled by expansion and higher funding in the U.K. and U.S. nuclear remediation markets, along with growth in the U.K. defense sector.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/48/75592.jpg?v=987278344" />
Image Source: Zacks Investment Research
Shares of this professional, technical and construction services provider have gained 9.1% in the past three months, outperforming the Zacks Technology Services industry&#39;s 4.6% growth. The company is expected to benefit from strong global trends in infrastructure modernization, energy transition, national security and a potential super-cycle in global supply-chain investments.
<h2>Zacks Rank</h2>
Jacobs currently carries a Zacks Rank #3 (Hold).
<h2>About AECOM</h2>
AECOM is a leading solutions provider for supporting professional, technical and management solutions for diverse industries across end markets like transportation, facilities and government, as well as those in environmental, energy and water businesses. It specializes in providing integrated services for planning, construction and maintenance of infrastructures that include consulting, architecture and engineering, as well as managing the requirements for energy, water and environment of various private and public clients.
ACM recently posted decent third-quarter fiscal 2024 results, with earnings surpassing the Zacks Consensus Estimate. On a year-over-year basis, the top and bottom line increased, backed by solid organic growth in net service revenues in its reportable segments.
<h2>Recent Peer Releases</h2>
KBR, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kbr#NYSE">KBR</a>) reported mixed second-quarter 2024 results, with earnings surpassing the Zacks Consensus Estimate and revenues missing the same. The top and the bottom line increased on a year-over-year basis.
The upside was predominantly driven by expansion in Sustainable Technology Solutions and notable advancements within Government Solutions. The International, Defense &amp; Intel and Science and Space sectors witnessed new contracts and on-contract growth. Driven by robust performance in its core business, KBR raised its adjusted EBITDA and cash flow guidance for 2024.
Quanta Services Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pwr#NYSE">PWR</a>)&nbsp;reported mixed results for second-quarter 2024, wherein adjusted earnings missed the Zacks Consensus Estimate, but revenues surpassed the same. Both metrics increased on a year-over-year basis.
The growth was supported by robust demand for its services, propelled by customers&#39; multi-year initiatives aimed at modernizing and fortifying utility infrastructure, expanding renewable energy generation and transmission infrastructure, and transitioning toward a low-carbon economy. Moreover, the company has raised its 2024 guidance for major metrics, owing to the expected contributions from its recent acquisition of CEI.
<a href="https://www.zacks.com/stock/news/2327885/jacobs-halcrow-signs-consultancy-deal-with-cedd-in-hong-kong?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2327885">To read this article on Zacks.com click here.</a>

Jacobs' Halcrow Signs Consultancy Deal With CEDD in Hong Kong

KBR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBR#NYSE">KBR</a>) has outperformed the market over the past 10 years by 1.02% on an annualized basis producing an average annual return of 11.85%. Currently, KBR has a market capitalization of $8.95 billion. 
Buying $1000 In KBR: If an investor had bought $1000 of KBR stock 10 years ago, it would be worth $3,064.24 today based on a price of $67.26 for KBR at the time of writing.
<h3>KBR's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724706026_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

KBR, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kbr#NYSE">KBR</a>) has secured a significant contract worth an estimated $199 million to enhance the Department of Defense&#39;s (DoD) digital infrastructure. Awarded under the Department of Defense Information Analysis Center&#39;s (DoDIAC) multiple-award contract vehicle, this five-year project focuses on advancing the Naval Information Warfare Center Pacific Program Executive Office Digital and Enterprise Services (PEO Digital) Technical Director&#39;s Office.
The contract highlights KBR&#39;s critical role in transforming the DoD&#39;s zero-trust capability &mdash; a modern security measure crucial for safeguarding military data and operations. KBR&#39;s team will spearhead research, analysis, and testing to identify and integrate advanced technologies, with a strong emphasis on future-generation wireless technology, trusted AI, integrated sensing, and quantum science. These efforts aim to protect the nation&#39;s networks, enhance information dominance, and support the development of autonomous information systems.
KBR&#39;s involvement in this project not only reinforces its expertise in delivering cutting-edge solutions but also underscores its commitment to supporting the DoD&#39;s mission. Stuart Bradie, KBR&#39;s president and CEO, expressed enthusiasm for the contract, emphasizing its significance in KBR&#39;s digital transformation strategy and its ability to deliver state-of-the-art technology to the DoD.
As KBR addresses critical technology areas and integrates new systems into existing military frameworks, this contract strengthens the company&#39;s standing as a key player in defense technology and positions it for continued growth in the sector. The contract will be executed in Charleston, South Carolina, and San Diego, California, further solidifying KBR&#39;s footprint in vital defense hubs.
<h3>Focus on Bolstering Technology Offerings in Defense Agencies</h3>
KBR&#39;s emphasis on a resilient business model and efficiency-enhancing initiatives has fueled its recent success in securing new projects. The growing global focus on national security, energy security, energy transition, and climate change has provided a significant boost. With over five decades of extensive design engineering experience across various industries, KBR is well-positioned to capitalize on these trends.
Meanwhile, on Jul 16, 2024, KBR announced that it intends to acquire LinQuest Corporation. KBR&#39;s acquisition of LinQuest represents a strategic move to significantly bolster its capabilities and market position, particularly in the high-tech defense and intelligence sectors. LinQuest&#39;s expertise in engineering, data analytics, and digital integration aligns perfectly with KBR&#39;s strategic focus on advancing its technology offerings and enhancing mission-critical capabilities.
By integrating LinQuest&#39;s specialized knowledge, especially in supporting key U.S. defense agencies like the U.S. Space Force and U.S. Air Force, KBR is poised to deepen its involvement in high-priority national security initiatives, thereby driving revenue growth and unlocking substantial synergy opportunities.
<h3>Share Price Performance</h3>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/86/74920.jpg?v=1521220579" />
Image Source: Zacks Investment Research
Shares of this company have gained 19.6% so far this year compared with the Zacks Engineering - R and D Services industry&#39;s 28.7% growth. Although shares of the company have underperformed the industry this year, the ongoing contract wins are likely to boost its prospects in the forthcoming quarters.
<h3>Zacks Rank &amp; Key Picks</h3>
Currently, KBR sports a Zacks Rank #3 (Hold).
Here are some better-ranked stocks from the Zacks Construction sector:
Howmet Aerospace Inc.&nbsp;presently sports a Zacks Rank #1 (Strong Buy). HWM has a trailing four-quarter earnings surprise of 10.9%, on average. Shares of the company have gained 76.7% year to date (YTD).
The Zacks Consensus Estimate for HWM&#39;s 2024 sales and EPS indicates a rise of 12.6% and 39.1%, respectively, from the prior-year levels.
Sterling Infrastructure, Inc. presently sports a Zacks Rank #1. Sterling Infrastructure has a trailing four-quarter earnings surprise of 17.4%, on average. Shares of the company have gained 26.6% YTD.
The Zacks Consensus Estimate for STRL&#39;s 2024 sales and EPS indicates a rise of 9.7% and 26.6%, respectively, from the prior-year levels.
Quanta Services Inc.&nbsp;presently carries a Zacks Rank #2 (Buy). PWR has a trailing four-quarter earnings surprise of 4.6%, on average. Shares of the company have gained 23.6% YTD.
The Zacks Consensus Estimate for PWR&#39;s 2024 sales and EPS indicates a rise of 14.2% and 18.3%, respectively, from the prior-year levels.
<a href="https://www.zacks.com/stock/news/2325258/kbr-secures-199m-contract-boosts-dod-digital-capabilities?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2325258">To read this article on Zacks.com click here.</a>

KBR was awarded this contract under the Department of Defense Information Analysis Center&#39;s (DoDIAC) multiple-award contract (MAC) vehicle.&nbsp;The work will be performed over a five-year period in&nbsp;Charleston, South Carolina&nbsp;and&nbsp;San Diego, California.&nbsp;

KBR Secures An Estimated $199M Cost-Plus-Fixed-Fee Contract Supporting The Naval Information Warfare Center Pacific PEO Digital Technical Director's Office

Dycom Industries, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dy#NYSE">DY</a>) is scheduled to report second-quarter fiscal 2025 (ended on Jul 27, 2024) results on Aug 21, before the opening bell.
In the last reported quarter, the company&#39;s earnings beat the Zacks Consensus Estimate by 52.5% and increased 22.5% from a year ago. Contract revenues increased 9.3% year over year and topped the consensus mark by 4.8%.
This specialty contracting services provider surpassed earnings estimates in three of the trailing four quarters, with an average of 30.2%.
<h3>Earnings &amp; Revenue Expectations</h3>
The Zacks Consensus Estimate for Dycom&#39;s fiscal second-quarter earnings per share has moved up to $2.18 from $2.15 in the past 60 days. The estimated figure indicates a 7.4% increase on a year-over-year basis.
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<h3>Dycom Industries, Inc. Price and EPS Surprise</h3>
<img alt="Dycom Industries, Inc. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/2f/1724071608.png" style="height:263px; width:544px" title="" />
Dycom Industries, Inc. price-eps-surprise | Dycom Industries, Inc. Quote
The consensus estimate for revenues is pegged at $1.19 billion, indicating a 14.7% year-over-year rise.
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<h3>Factors to Note</h3>
Dycom&#39;s revenues and EPS are expected to have increased in the to-be-reported quarter, given the strong contribution from the Bigham acquisition. DY is banking on increased demand for network bandwidth and mobile broadband, an extended geographic reach, proficient program management and network planning services. Moreover, improving demand trends among DY&#39;s top five customers and all other customers are likely to have contributed to the top line.
For the fiscal second quarter, DY expects contract revenues to grow by high-single digits year over year. Additionally, it expects $70 million of acquired contract revenues for the quarter. The adjusted EBITDA margin is expected to increase 25-75 bps from the year-ago levels.
Our model predicts the fiscal second-quarter revenues in the Telecommunications segment (excluding Bigham acquisition) to be $994 million, indicating a rise of 7.2% from the prior-quarter figure. Revenues for the Underground Facility unit are pegged at $84.1 million, up 9.6% from the prior-quarter level. The consensus mark for Electrical and gas utilities and other business revenues is pegged at $41.4 million, indicating an increase of 9.9% year over year.
Our model projects an adjusted EBITDA margin of 13%, up from 12.6% reported a year ago.
For the fiscal second quarter, we expect a backlog of $6.54 billion, indicating an increase from $6.21 billion reported in the prior quarter.
However, challenges such as labor shortages and increased costs are expected to have exerted pressure on Dycom&#39;s quarterly performance. Fluctuations in oil prices pose a significant obstacle for DY, as higher fuel prices directly impact the cost of doing business.
<h3>What the Zacks Model Says</h3>
Our proven model does not conclusively predict an earnings beat for Dycom this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is not the case here, as you will see below.
Dycom currently has an Earnings ESP of 0.00%.
Presently, DY carries a Zacks Rank #2.
<h3>Recent Construction Releases</h3>
Martin Marietta Materials, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mlm#NYSE">MLM</a>) reported tepid results for second-quarter 2024, with earnings and revenues missing the Zacks Consensus Estimate. Both the top and bottom lines decreased on a year-over-year basis.
MLM witnessed historic precipitation in Texas and parts of the Midwest, along with ongoing restrictive monetary policy and curtailed volumes, thanks to April and May&#39;s historically wet weather. Owing to the slowing product demand in the interest-rate-sensitive private construction sector, the company lowered its full-year adjusted EBITDA guidance to $2.2 billion at the midpoint.
Vulcan Materials Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vmc#NYSE">VMC</a>) reported dismal second-quarter 2024 results, with earnings and revenues missing their respective Zacks Consensus Estimate. On a year-over-year basis, earnings increased, but revenues declined due to lower Aggregate shipments.
For 2024, Vulcan now anticipates adjusted EBITDA in the range of $2.00-$2.15 billion, up from the prior projection of $2.15-$2.30 billion. This indicates a 3.2% improvement from 2023 levels, considering the mid-point of the guidance. Net earnings are now expected to be in the range of $0.95-$1.07 billion (up from the prior projection of $1.07-$1.19) versus $933 million in the prior year.
KBR, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kbr#NYSE">KBR</a>) reported mixed second-quarter 2024 results, with earnings surpassing the Zacks Consensus Estimate and revenues missing the same. The top and bottom lines increased on a year-over-year basis.
KBR performed well across key metrics and expects this trend to continue for the rest of the year. Driven by robust performance in its core business, KBR raised its adjusted EBITDA and cash flow guidance for 2024.
<a href="https://www.zacks.com/stock/news/2323812/dycom-dy-gears-up-to-report-q2-earnings-what-s-in-store?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2323812">To read this article on Zacks.com click here.</a>

Dycom Gears Up to Report Q2 Earnings: What's in Store?

Under the terms of the Space Science Instruments and Experimental Payloads (SSIEP) 3 contract, KBR will provide personnel, equipment and facilities to support engineering and research activities for the Navy&#39;s Space Science Division.&nbsp;
This work is expected to be performed over five years and involves advanced efforts in various forms of engineering, including thermal systems, contamination, optical and radio frequency, instrument systems, mechanisms, mechanical, and electrical. This follow-on contract maintains KBR&#39;s presence at NRL where it has supported SSIEP 1 and 2 since 2015.

KBR Bags Cost-Plus-Fixed-Fee Contract From US Navy For Continued Development Of Space Science Instrument Systems At Naval Research Lab In Washington, D.C.

KBR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBR#NYSE">KBR</a>) has outperformed the market over the past 10 years by 1.37% on an annualized basis producing an average annual return of 11.76%. Currently, KBR has a market capitalization of $8.41 billion. 
Buying $1000 In KBR: If an investor had bought $1000 of KBR stock 10 years ago, it would be worth $2,963.87 today based on a price of $63.23 for KBR at the time of writing.
<h3>KBR's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723055624_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning KBR Stock In The Last 10 Years

Under the terms of the contract, KBR will provide the technology licensing, proprietary engineering design, and front-end engineering design (FEED) for Avina&#39;s facility to produce 120 million gallons of sustainable aviation fuel (SAF) per year.
Developed by Swedish Biofuels, PureSAF technology is exclusively licensed by KBR worldwide.

KBR Says Avina Clean Hydrogen Has Selected PureSAF Aviation Fuel Technology For Its Project In US

KBR Secures Estimated $153M Cost Plus Fixed Fee Recompete Contract To Support Naval Test Wings Atlantic And Pacific Aircrew Services Over 5-Year Period

MasTec, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mtz#NYSE">MTZ</a>) reported mixed results in the second quarter of 2024, with earnings beating the Zacks Consensus Estimate and the revenues missing the same. On the other hand, the bottom and top lines increased year over year.
The company&#39;s results reflect solid contributions from its Oil and Gas segment, partially offset by soft contributions from the other reportable segments. The uptick in the Oil and Gas segment was attributable to higher project activity levels on the back of increased demand and project timing-related increases in large-diameter and midstream project activity due to improved market and regulatory conditions. This was partially offset by a reduction in pipeline integrity services.
That said, the company&#39;s increased backlog levels across its segments are encouraging for the remainder of 2024 and through 2025, showcasing the increased consumer confidence in its services. MTZ aims to focus on efficiently executing its services to continuously improve its growth prospects. Also, its focus on strategic investments for portfolio diversification positions it well for satiating the increased infrastructure demands, globally.
<h3>Inside the Headlines</h3>
Adjusted earnings per share of 96 cents topped the Zacks Consensus Estimate of 88 cents by 9.1%. In the year-ago quarter, the company reported an adjusted EPS of 89 cents.
Revenues of $2.96 billion missed the consensus mark of $3.09 billion by 4.2%. On the other hand, the top line grew 3.1% from $2.87 billion a year ago.
<div class="chart_embed">
<h3>MasTec, Inc. Price, Consensus and EPS Surprise</h3>
<img alt="MasTec, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/69/1722610579.png" style="height:265px; width:584px" title="" />
MasTec, Inc. price-consensus-eps-surprise-chart | MasTec, Inc. QuoteMTZ
At the end of Jun 30, 2024, the company had an 18-month backlog of $13.3 billion, down 0.7% year over year but up 3.9% sequentially. The sequential growth was driven by a multi-year transmission and substation project, and strong bookings in the Clean Energy &amp; Infrastructure segment in the quarter.
</div>
<h3>Segment Update</h3>
Revenues from Communications slipped to $824.6 million from $868.7 million reported a year ago. Adjusted EBITDA margin contracted 90 basis points (bps) to 9.9%.
Clean Energy and Infrastructure&#39;s revenues decreased year over year to $942.3 million from $969.7 million. Adjusted EBITDA margin was 5%, down from 5.1% in the year-ago quarter.
Revenues from the Oil and Gas segment increased 67.5% from the year-ago figure of $572.4 million. Adjusted EBITDA margin expanded 110 bps to 23.6%.
The Power Delivery (formerly known as Electrical Transmission) segment&#39;s revenues totaled $636.6 million, down from $702.6 million in the year-ago quarter. Adjusted EBITDA margin was 8.1%, down from 8.2% reported in the year-ago period.
<h3>Operational Update</h3>
MasTec reported an adjusted EBITDA of $267.8 million, up 4.9% from $255.4 million in the prior-year period. Adjusted EBITDA margin increased to 9% from 8.9% in the year-ago quarter.
<h3>Financial Details</h3>
As of Jun 30, 2024, MasTec had cash and cash equivalents of $297.6 million, down from $529.6 million in 2023-end. Long-term debt (including finance leases) was $2.36 billion, down from $2.89 billion in 2023-end.
At the end of the first six months of 2024, the net cash provided by operating activities was $372.2 million against net cash used in operating activities of $97.9 million a year ago.
<h3>Q3 2024 View</h3>
MasTec expects revenues of about $3.45 billion compared with $3.26 billion reported in the third quarter of 2023.
Adjusted EBITDA is estimated to be approximately $295 million, up from $271 million a year ago. The adjusted EBITDA margin is expected to be 8.6%, up from 8.3% reported in the prior-year quarter.
The company expects to report adjusted EPS of $1.24, up from the year-ago quarter&#39;s figure of 95 cents.
<h3>2024 Guidance Revised</h3>
The company now expects to generate revenues of approximately $12.4 billion (priorly expected $12.55 billion), up year over year from $12 billion.
Adjusted EBITDA is still expected to be around $975 million, up year over year from $860.3 million. The company raised its adjusted EBITDA margin expectation to 7.9% from 7.8% compared with 7.2% reported in 2023.
Adjusted earnings are now anticipated to be $3.03 per share (priorly expected $2.95 per share), up from $1.97 reported in the prior year.
<h3>Zacks Rank &amp; Recent Construction Releases</h3>
MasTec currently carries a Zacks Rank #3 (Hold).
Quanta Services Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pwr#NYSE">PWR</a>) reported mixed results for the second quarter of 2024, wherein adjusted earnings missed the Zacks Consensus Estimate while revenues surpassed the same. Both metrics increased on a year-over-year basis.
PWR&#39;s performance in the second quarter marks a strong base for the rest of 2024, characterized by impressive growth across key metrics. Moreover, the company has raised its 2024 guidance for major metrics, owing to the expected contributions from its recent acquisition of CEI.
KBR, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kbr#NYSE">KBR</a>) reported mixed second-quarter 2024 results, with earnings surpassing the Zacks Consensus Estimate while revenues missed the same. The bottom and top lines increased on a year-over-year basis.
KBR performed well across key metrics and expects this trend to continue for the rest of the year. Driven by the robust performance in its core business, KBR raised its adjusted EBITDA and cash flow guidance for 2024.
Armstrong World Industries, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/awi#NYSE">AWI</a>) reported solid results for second-quarter 2024, wherein earnings and net sales topped the Zacks Consensus Estimate and increased on a year-over-year basis.
The company&#39;s growth trend was backed by solid contributions from the Mineral Fiber as well as Architectural Specialties segments. Growth was attributed to the increase in average unit value and volume. Also, contributions from recent acquisitions aided the uptrend.
<a href="https://www.zacks.com/stock/news/2315534/mastec-mtz-q2-earnings-beat-revenues-lag-24-view-revised?cid=CS-BENZ-FT-analyst_blog|earnings_article-2315534">To read this article on Zacks.com click here.</a>

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