V2X Q3 revenue $1.0B (+4.5% YoY); cuts adjusted EBITDA and EPS guidance for FY2023

V2X, Inc.

2023-Q3 EPS reported -$0.71 revenue$2,922,819,000

Revenue $1.0B record, up 4.5% YoY; backlog $13.3B all-time high.
Diluted EPS ($0.21); adjusted diluted EPS $0.73.
Adjusted EBITDA $64.7M (6.5% margin); operating income $21.0M.
FY2023 guidance: revenue raised to $3.925B; adjusted EBITDA lowered to $290M; adjusted EPS $3.62.
Net debt $1.13B; reduced $88.9M YTD; net leverage 3.46x.

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 1.0

V2X, Inc. reported third quarter of 2023 results: revenue $1.0 billion, EPS Diluted EPS of ($0.21); Adjusted diluted EPS of $0.73.

Period: third quarter of 2023
Revenue: $1.0 billion
EPS: Diluted EPS of ($0.21); Adjusted diluted EPS of $0.73
Result: reported results

Exact text from the filing

99.1 PRESS RELEASE CONTACT: V2X, Inc. Mike Smith, CFA 719-637-5773 ir@gov2x.com V2X Announces Third Quarter 2023 Results Third Quarter 2023 Summary • Reported record revenues of $1.0 billion, up 5% y/y • Awarded bookings of $1.3 billion, increasing backlog to a record high of $13.3 billion • Reported operating income of $21.0 million; adjusted operating income1 of

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Source: SEC EDGAR

accession 0001628280-23-036882

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