KBR Inc. has reported its actual results for the first quarter of fiscal year 2025. The company achieved revenues of $2.055 billion, marking an increase from the $1.818 billion recorded during the same period in 2024. Net income attributable to KBR rose to $116 million, up from $93 million in the previous year, reflecting a 25% increase. This improvement in net income was largely driven by higher operating income and steady expenses below the line. Diluted earnings per share $(EPS)$ for the quarter increased to $0.88, compared to $0.69 from the prior year, which represents a 28% rise. This rise was attributed to the increase in net income and a reduction in diluted weighted average common shares outstanding due to open market share repurchases. KBR's Adjusted EBITDA for the quarter was $243 million, up from $207 million in the previous year, indicating a 17% increase. The Adjusted EBITDA margin improved to 11.8%, up from 11.4% in the same period last year, attributed to strong operating performance. In a significant business update, KBR announced a revision in its disclosures to better align with industry standards. The company has started providing revenues by customer type and will phase out business unit disclosures by the end of 2025. The company has also increased its return of capital to shareholders, with payments to reacquire common stock rising to $156 million, up from $61 million in the previous year, and dividend payments to shareholders increasing to $20 million, compared to $18 million in the prior period.