KBR, Inc. (NYSE:KBR) Q4 2022 Earnings Conference Call February 16, 2023 8:30 AM ET

Company Participants

Jamie DuBray – Vice President of Investor Relations

Stuart Bradie – President and Chief Executive Officer

Mark Sopp – Executive Vice President and Chief Financial Officer

Conference Call Participants

Steven Fisher – UBS

Gautam Khanna – Cowen

Bert Subin – Stifel

Adam Bubes – Goldman Sachs

Mariana Pérez Mora – Bank of America

Andy Kaplowitz – Citigroup

Chigusa Katoku – Credit Suisse

Michael Dudas – Vertical Research

Tobey Sommer – Truist Securities

Brent Thielman – D.A. Davidson

Operator

Hello, everyone, welcome to the KBR Inc. Fourth Quarter 2022 Earnings Conference Call. My name is Charlie and I’ll be coordinating the call today. [Operator Instructions]

I will now hand over to your host, Jamie DuBray to begin. Jamie, please go ahead.

Jamie DuBray

Thank you, Charlie. Good morning, and welcome to KBR’s fourth quarter and fiscal year 2022 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 presentation.

I will now turn the call over to Stuart.

Stuart Bradie

Thank you, Jamie, and thank you for taking the time to listen this morning. I will start on Slide 4. Now you’ve seen this before. It’s our Zero Harm pillars. And today, given its year-end, I would like to focus on health, safety and security, which is the button on the top right there and really have a look at our performance in 2022, which we’re going to do on Slide 5.

So when it comes to HSSE, we focus a lot on leading indicators, things like visible leadership, interventions, tonnage to care conversations, task planning and things like risk assessments. And we believe this drives the right behavior in line with our people-centric values. The proof, however, that we – what we do on the front end is really working is, of course, what comes through on the back end so the lagging indicators. Now remember, we believe good safety is good business. And often, there’s a direct link between safety performance and mission and project delivery performance.