KBR, Inc. (NYSE:KBR) Q1 2023 Earnings Conference Call May 1, 2023 8:30 AM ET

Company Participants

Jamie DuBray - Investor Relations

Stuart Bradie - President and Chief Executive Officer

Mark Sopp - Executive Vice President and Chief Financial Officer

Conference Call Participants

Bert Subin - Stifel

Jerry Revich - Goldman Sachs

Jamie Cook - Credit Suisse

Sean Eastman - KeyBanc

Andy Kaplowitz - Citigroup

Steven Fisher - UBS

Gautam Khanna - Cowen

Michael Dudas - Vertical Research

Brent Thielman - D.A. Davidson

Operator

Good morning, ladies and gentlemen. Welcome to the KBR First Quarter 2023 Earnings Conference Call. My name is Jeslita. I will be your moderator for today’s call. [Operator Instructions] I would now like to pass the conference over to your host, Jamie DuBray with KBR. Jamie, please go ahead.

Jamie DuBray

Thank you, Jeslita. Good morning and welcome to KBR’s first 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 year 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 thanks to you all for taking the time to join us this morning. Now, before we begin our earnings call, I am deeply saddened to inform you that Lieutenant General, Vincent Stewart, U.S. Marine Corps retired, a very distinguished member of our Board passed away this past Friday, sadly. Vince has been a Director of the company since June 2021. And on behalf of KBR’s Board of Directors and all of our employees, we extend our deepest sympathies to Vince’s family. I am personally very saddened by Vince’s passing. He was a tremendous support of the company and me personally and I will always be appreciative of his service and his impact to KBR. Now I will start today’s presentation on Slide 4. As you know, these are our Zero Harm pillars. And today, I’d like to talk about our annual Zero Harm Day that actually celebrates all of the pillars you see on the slide.