M&A
confidence high
sentiment positive
materiality 0.85
Vectrus reports FY2021 revenue up 28% to $1.78B, announces definitive merger with Vertex
V2X, Inc.
- FY2021 revenue $1.784B (+28% YoY); organic growth 10%; adjusted EBITDA margin 4.7%.
- Q4 revenue $419.4M (+18% YoY); adjusted diluted EPS $0.90 vs $1.25 prior year.
- 2022 guidance: revenue $1.82-1.86B, adjusted EBITDA margin 4.5-4.7%, adjusted EPS $4.57-4.93.
- Also announced definitive agreement to combine with Vertex; deal terms not disclosed in filing.
- Backlog $5.0B; funded backlog $1.0B; net debt reduced by $73.6M during 2021.