earnings
confidence high
sentiment positive
materiality 0.75
Vectrus Q1 revenue up 5.2% to $456.5M; adj. EPS $1.01; reiterates FY22 guidance
V2X, Inc.
2022-Q1 EPS reported
$0.24
revenue$456,471,000
- Revenue $456.5M, +5.2% YoY; adjusted EBITDA $18.2M (4.0% margin) vs 4.8% prior year.
- Adjusted diluted EPS $1.01 (down from $1.20); GAAP EPS $0.24 includes $9.1M M&A costs.
- Key wins: LOGCAP V ahead of schedule; $60M Navy Spectrum Management; Air Force Europe task order.
- FY22 guidance reiterated: revenue $1.82-1.86B, adj. EBITDA margin 4.5-4.7%, adj. EPS $4.57-4.93.
- Backlog $4.5B (~2.5x est. 2022 rev); net debt $96.8M, down $41.9M YoY.