KBR, Inc. (NYSE:KBR) Q3 2023 Earnings Conference Call November 2, 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

Jasper Bibb - Truist Securities

Bert Subin - Stifel

Gautam Khanna - TD Cowen

Michael Dudas - Vertical Research Partners

Samantha Stiroh - Bank of America

Sahil Manocha - Citibank

Operator

Hello all and welcome to KBR Inc's Third Quarter 2023 Earnings Conference Call. My name is Lydia and I'll be your operator today. [Operator Instructions] It's my pleasure to now hand you over to your host, Jamie DuBray, VP of Investor Relations to begin. Please go ahead.

Jamie DuBray

Thank you. Good morning, and welcome to KBR's third 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 @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 Q3 earnings presentation. So let's start on slide five. Our zero harm moment today attempts to give you a high-level view of how KBR is engaged in space sustainability and security. This for us is both from space looking back to Earth and in the space environment itself. So starting on the left of the slide, we have highlighted a couple of programs in which data is generated in space to enhance our environmental understanding of what is happening on our planet. And this gives real-time analysis and trending of things like deforestation, arable land development, et cetera.

In the middle, we have highlighted our proprietary technology, Iron Stallion, that digitally tracks satellites and space debris using proprietary algorithms, advanced AI, and machine learning to predict, estimate, and validate future events. In addition to the U.S. DoD, two of our allies have acquired and are using Iron Stallion today. And on the right, we have highlighted two programs focused on going to space, working on next-generation satellites for Earth monitoring with the added objective of resurfacing and recycling existing assets to minimize space junk.