KBR Inc

KBR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$25.00	Lmryv	Kvlptlpyd

KBR Earnings: Outlook Maintained After Solid Result

Krzysztof Smalec

May 1, 2024

KBR posted solid first-quarter results, as adjusted EBITDA increased by 14% year over year. While nothing in the firm’s results materially alters our long-term outlook for the firm, we’ve slightly increased our fair value estimate to $65 from $64 due to the time value of money. We see the name as fairly valued, with shares currently trading in 3-star territory.

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