V2X reports Q2 standalone revenue $498M (+6% YoY); closes Vertex merger, sets 2H22 guidance

V2X, Inc.

2022-Q2 EPS reported $1.12 revenue$954,537,000

Standalone Q2 rev $498M (+6% YoY); op income $15M (incl $5.9M M&A costs); adj EBITDA $24.7M (5.0% margin).
Merger with Vertex closed July 5; combined pro forma annual rev ~$3.6B, backlog ~$12B, adj EBITDA ~$290M.
V2X 2H22 guidance: rev $1.90-1.94B, adj EBITDA $140-150M, op cash flow $130-150M; adj diluted EPS $1.94-2.19.
Auditor change: dismissed Deloitte & Touche, appointed RSM US LLP effective Aug 9; no disagreements or reportable events.
Key awards: Naval Test Wing Atlantic ($850M, 7 yr), Air Force Global Strike ($130M, 5 yr), $600M Vectrus Q2 awards.

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