V2X Q3 revenue $958M, adjusted EBITDA $79M; raises 2H guidance midpoint

V2X, Inc.

2022-Q3 EPS reported -$0.21 revenue$1,912,693,000

Q3 revenue $958.2M; pro forma revenue $961.3M (+10% YoY).
Adjusted EBITDA $79.0M, margin 8.2%; adjusted diluted EPS $1.33 (vs reported ($0.56)).
Operating cash flow $80.1M; $121.2M excluding merger payments.
Net debt reduced $87M (7%) since July 5 merger close to $1.22B.
Raised 2H 2022 guidance midpoint: revenue now $1.93B, adjusted EBITDA $147.5M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

V2X, Inc. updated its fiscal 2022 guidance (raised).

Period: fiscal 2022
Guidance: raised
Result: guidance update

Exact text from the filing

Given our current momentum, significant progress on integration, and third quarter performance, we are increasing the mid-point of the second half 2022 guidance for revenue, adjusted EBITDA1 and adjusted operating cash flow1.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

V2X, Inc. reported third quarter of 2022 results: revenue $958.2 million, EPS ($0.56).

Period: third quarter of 2022
Revenue: $958.2 million
EPS: ($0.56)
Result: reported results

Exact text from the filing

Third quarter 2022 revenue of $958.2 million; Pro forma revenue of $961.3 million • Operating income of $4.5 million, or 0.5% margin, including Merger and integration related costs of $44.9 million and amortization of acquired intangible assets of $24.2 million • Adjusted operating income1 of $73.6 million or 7.7% adjusted operating margin1 • Adjusted EBITDA1 for the quarter of $79.0 million with an 8.2% adjusted EBITDA margin1 • Diluted EPS for the third quarter of 2022 of ($0.56) and includes Merger and integration related costs • Adjusted diluted EPS1 of $1.33 in the quarter • Operating cash flow for the quarter of $80.1 million • Adjusted operating cash flow1 for the quarter of $121.2 million (excluding Merger related payments) • Net debt on September 30, 2022, of $1,220.7 million, representing an $87 million decrease from the closing on July 5, 2022 • The Company was undrawn on its revolver at quarter end • Total backlog as of September 30, 2022 of $12.7 billion

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V2X, Inc. filing history →

Source: SEC EDGAR

accession 0001601548-22-000103

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