KBR, Inc. (NYSE:KBR) Q2 2023 Earnings Conference Call July 27, 2023 8:30 AM ET

Company Participants

Jamie DuBray - Investor Relations

Stuart Bradie - President & Chief Executive Officer

Mark Sopp - Executive Vice President & Chief Financial Officer

Conference Call Participants

Sean Eastman - KeyBanc Capital

Bert Subin - Stifel

Jamie Cook - Crédit Suisse

Steven Fisher - UBS

Clay Haarmann - Goldman Sachs

Michael Dudas - Vertical Research

Mariana Perez Mora - Bank of America

Spencer Breitzke - Cowen

Operator

Good morning, all. I would like to welcome you all to the second quarter 2023 KBR Earnings Conference Call. My name is Brika, and I will be your moderator for today's call. [Operator Instructions] I would now like to turn the conference over to your host, Jamie DuBray. So, Jamie, please go ahead when ready.

Jamie DuBray

Thank you. Good morning, and welcome to KBR's Second Quarter Fiscal Year 2023 Earnings Call. Joining me are Stuart Bradie, President and Chief Executive Officer; as well as Mark Sopp, Executive Vice President and Chief Financial Officer. Stuart and Mark will provide highlights from the quarter and then open the call for your questions. Today's earnings presentation is available on the Investors section of our website at kbr.com.

This discussion includes forward-looking statements reflecting KBR's views about future events and their potential impact on performance as outlined on Slide 2. These matters involve risks and uncertainties that could cause actual results to differ significantly from these forward-looking statements, as discussed in our most recent Form 10-K available on our website. This discussion also includes non-GAAP financial measures that the company believes to be useful metrics for investors. A reconciliation of these non-GAAP measures to the nearest GAAP measure is included at the end of our earnings presentation. I will now turn the call over to Stuart.

Stuart Bradie

Thank you, Jamie, and a warm welcome to our Q2 Earnings presentation. We've actually got quite a bit to get through today. So let me dive straight in and start on Slide 5, Zero harm. So, we recently issued our sustainability report for 2022. Our ESG commitment and alignment to shareholder value is unwavering. Now we've highlighted a number of key stats on the slide, but I would urge you to read the sustainability report as obviously, there is a lot more than we can show you today. There are a few key stats and some takeaways from them. The value of revenue directly impacting sustainability for our customers across the $2 billion threshold in '22 I think this is a clear indication of increasing alignment with shareholder value as we progress our ESG agenda, I think, a real differentiator for KBR. Now 2022 was our fourth, yes, fourth consecutive year of carbon neutrality, and we will continue with offsets as we head towards our operational net 0 target in 2030. There are a number of external recognitions on the right-hand side, some of which you have seen before, like Fortune's most admired companies and Forbes top female-friendly companies but in addition, we were recently recognized by EcoVadis as a gold standard sustainable company and by USA today as a climate leader this year.