KBR — May 5, 2026 release

Reaffirming Fiscal 2026 Guidance KBR reaffirms the following full‑year fiscal 2026 outlook for the consolidated company and plans to update standalone outlooks in connection with the planned spin transaction. Fiscal Year 2026 Guidance Revenues $7.90B - $8.36B Adjusted EBITDA $980M - $1,040M Adjusted EPS $3.87 - $4.22 Adjusted operating cash flows $560M - $600M 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 1 As used throughout this release, book-to-bill and bookings and options exclude long-term UK PFIs and the Plaquemines LNG project. 2 As used throughout this earnings release, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted earnings per share, Adjusted operating cash flows, and Adjusted operating cash conversion are non-GAAP financial measures. All non-GAAP financial measures reflect results from continuing operations. See additional information at the end of this release regarding non-GAAP financial information, including reconciliations to the nearest GAAP measures. Trailing-twelve months (TTM) Adjusted EBITDA. 3 Net debt refers to total gross debt before unamortized debt issuance costs and discounts, less cash and cash equivalents.                                                                  5     proceedings, unusual gains and losses, and acquisition-related expenses without unreasonable effo