KBR Sets Financial Targets Through 2029
MT Newswires Live11-11 22:14
KBR (KBR) said Wednesday it expects to achieve organic revenue growth of at least 10% annually through 2029, excluding megaprojects.
The company also said it targets adjusted EBITDA margins of at least 12% and free cash flow conversion of over 85% for 2027 to 2029.
KBR said these are its medium-term financial targets as a standalone business following the planned spinoff of its Mission Technology Solutions business, which will operate as Trinzic in 2027.
The company said it has a roughly $5.8 billion backlog, a $54 billion qualified opportunity pipeline, and existing customers contributing more than 75% of revenue.
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