KBR Shares Fall After Q1 Revenue Decline, Government Services Weakness

KBR shares fell after the company reported a year-over-year first-quarter revenue decline, citing lower government contingency work in Europe and ongoing uncertainty in its government services segment. CEO Stuart Bradie said revenue declined by $95 million from a year earlier, driven primarily by a planned reduction in EUCOM contingency work. Management said margins remained steady and cash flow was supported by program execution and a favorable business mix. KBR recently traded at $32.58, down from $38.67 before the earnings release. Investors are focused on the pace of sustainable technology awards converting into revenue, government contract transitions and funding risks, and progress on the company’s planned spin-off, including upcoming investor days and regulatory milestones.