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![KBR, INC. [KBR] reports annual net loss of $261.0 million](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FKBR.png&w=1200&q=75)
KBR, INC. [KBR] has reported a net loss of $261.0 million for year ended Dec 29, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $7.0 billion
Based in HOUSTON, Texas, KBR, INC. operates in the CONSTRUCTION sector.
In the 12 months ended December 29, 2023, KBR reported revenues of $6.956 billion, marking an increase from the previous year's revenue of $6.564 billion in 2022 and $7.339 billion in 2021.
Cost of revenues for the same period stood at $5.979 billion in 2023, compared to $5.736 billion in 2022 and $6.533 billion in 2021. This resulted in a gross profit of $977 million in 2023, up from $828 million in 2022 and $806 million in 2021.
Operating income for KBR was $448 million in the current reporting period, showing improvement from $343 million in 2022 and $231 million in 2021.
The net income (loss) attributable to KBR was a loss of $265 million in 2023, a decline from the net income of $190 million in 2022 and $27 million in 2021.
Earnings per share (EPS) also showed a decrease, with basic EPS at ($1.96) in 2023, up from $1.36 in 2022 and $0.19 in 2021. Diluted EPS followed a similar trend at ($1.96) in 2023, from $1.26 in 2022 and $0.19 in 2021.
The basic weighted average common shares outstanding for KBR were 135 million shares in 2023, lower than 139 million shares in 2022 and 140 million shares in 2021. Similarly, the diluted weighted average common shares outstanding decreased to 135 million shares in 2023, from 156 million shares in 2022 and 141 million shares in 2021.
Furthermore, cash dividends declared per share increased to $0.54 in 2023, up from $0.48 in 2022 and $0.44 in 2021.
Please note that all dollar amounts are in millions unless otherwise specified.
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