V2X reports Q2 2023 revenue $977.9M (+10.2% pro forma); raises FY2023 guidance

V2X, Inc.

2023-Q2 EPS reported -$0.51 revenue$1,921,312,000

Revenue $977.9M (+10.2% pro forma YoY); adjusted EBITDA $76.4M (7.8% margin).
Bookings $2.1B; backlog $13B (+10% seq); book-to-bill trailing twelve-month 1.3x.
Diluted EPS $0.06; adjusted diluted EPS $1.01; net leverage ratio improved to 3.48x.
Raised FY2023 guidance mid-point: revenue $3.9B, adjusted EBITDA $303M, adjusted EPS $4.08.
Noteworthy wins: $100M Dept of State logistics, $328M NAVFAC recompete, $122M NAVAIR recompete.

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 2023 guidance (raised).

Period: fiscal 2023
Guidance: raised
Result: guidance update

Exact text from the filing

2023 Guidance: • Increasing mid-point of 2023 revenue, adjusted EBITDA1, and adjusted diluted EPS1 guidance

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

V2X, Inc. reported second quarter 2023 results: revenue $977.9 million, EPS $0.06.

Period: second quarter 2023
Revenue: $977.9 million
EPS: $0.06
Result: reported results

Exact text from the filing

Second Quarter 2023 Highlights: • Revenue of $977.9 million, up 10.2% y/y on a pro forma basis • Awarded significant bookings of $2.1 billion, driving backlog +10% sequentially to $13.0 billion • Reported operating income of $34.3 million; adjusted operating income1 of $70.5 million • Adjusted EBITDA1 of $76.4 million with a margin1 of 7.8% • Diluted EPS of $0.06; adjusted diluted EPS1 of $1.01 • Improved net debt to EBITDA1 leverage ratio ~0.4x to 3.48x

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

V2X, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-028177

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.