10-Q quarterly report · filed Jul 29, 2016

Kbr Inc (KBR) Q2 2016 10-Q Quarterly Report

Short answer

Kbr Inc (KBR) filed its Q2 2016 10-Q quarterly report on Jul 29, 2016 for the quarter ended Jun 30, 2016.

Kbr Inc Q2 2016 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Q2 revenue $1.009B, down 27% YoY from $1.381B
  • Q2 net income attributable to KBR $47M, 33% tax rate vs 25% YoY
  • Best segment: Government Services revenue $229M, gross profit plus equity earnings $51M vs $12M YoY
  • Worst segment: Non-strategic Business gross loss $17M vs $2M profit, driven by $21M subcontractor costs
  • Cash $804M vs $883M at year-end, operating cash use $12M through six months, $22M technology acquisitions and $23M dividends
  • Outlook: hydrocarbons market challenged, project awards delayed, power project completion expected early 2017

Risk Factors

  • Brexit referendum, June 23, 2016: weaker pound reduced translated U.K. revenues and results
  • Brexit negotiations: potential tariff, trade, and regulatory changes threatening international operations
  • Customer concentration: U.S. government represented 15% of six-month consolidated revenues
  • Project delays or cancellations: significant customers could negatively affect revenues and results of operations

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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