KBR — Feb 26, 2026 release

                                                                 5     Issuing Fiscal 2026 Guidance KBR issues the following full‑year fiscal 2026 outlook for the consolidated company and plans to update standalone outlooks in connection with the planned spin transaction in the second half of 2026: Fiscal Year 2026 Guidance Midpoint Growth Revenues $7.90B - $8.36B $8.13B + 4% at the midpoint Adjusted EBITDA $980M - $1,040M $1,010M + 4% at the midpoint Adjusted EPS $3.87 - $4.22 $4.05 + 3% at the midpoint Adjusted Operating cash flows $560M - $600M $580M + 4% at the midpoint The company does not provide reconciliations of Adjusted EBITDA, Adjusted EPS, and Adjusted Operating cash flows to the most comparable GAAP financial measures on a forward-looking basis because the company is unable to predict with reasonable certainty the ultimate outcome of legal proceedings, unusual gains and losses, and acquisition-related expenses without unreasonable effort, which could be material to the company’s results computed in accordance with GAAP. Management has provided the following assumptions related to fiscal 2026 guidance: • Capital expenditures: ~$40 - 50 million • Effective tax rate: 26% - 28% • Depreciation & amortization: ~$165 million (includes ~$45 million purchased intangibles amortization) • Adjusted weighted average common shares outstanding: ~127 million • Phasing: 46% 1H / 54% 2H Strategic Intent to Spin Off Mission Technology Solutions On September 24, 2025, KBR announced its intention to spin off its Mission Technology Solutions segment into a separate, U.S. publicly traded company. Upon completion, KBR and its shareholders are expected to benefit from ownership in two pure‑play public companies with enhanced strategic focus, operational independence, and financial flexibility. In connection with the planned separation, certain perimeter changes were implemented in fiscal 2026 to better align the businesses ahead of the spin‑off, including the transition of Frazer‑Nash Consultancy and the UK Civil Nuclear portfolio to Sustainable Technology Solutions. These changes will be reflected in KBR’s fiscal 2026 SEC filings. Investors are encouraged to refer to the supplemental financial information available in the Investor Relations section of KBR’s website, which has been recast to reflect these updates. The planned spin‑off is intended to be tax‑free to KBR and its shareholders for U.S. federal income tax purposes and is targeting completion during the second half of