V2X Q1 revenue up 7.1% to $1.01B; reaffirms FY2024 guidance

V2X, Inc.

2024-Q1 EPS reported $0.04 revenue$1,010,564,000

Revenue $1.01B, +7.1% YoY; net income $1.1M vs. loss of $17.5M a year ago.
Adjusted EBITDA $69.1M (6.8% margin); adjusted diluted EPS $0.90.
Total backlog $12.6B; funded backlog $2.7B; TTM book-to-bill 1.2x.
Net leverage ratio improved to 3.5x from 3.8x a year ago; targeting 3.0x by year-end.
Awarded $2B U.S. Navy GCSMAC III prime contract and $75M CBRN threat detection contract.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

V2X, Inc. reported the first quarter of 2024 results: revenue $1.01 billion, net income $1.1 million, EPS $0.04. Guidance reaffirmed.

Period: the first quarter of 2024
Revenue: $1.01 billion
Net income: $1.1 million
EPS: $0.04
Guidance: reaffirmed
Result: reported results

Exact text from the filing

in such filing. --- EX-99.1 (EX-99.1) --- q12024pressrelease_vf 1 PRESS RELEASE V2X Delivers Solid First Quarter Results First Quarter 2024 Summary • Revenue up 7.1% y/y to $1.01 billion • Operating income of $30.3 million; adjusted operating income1 of $62.9 million • Net income of $1.1 million, up $18.6 million y/y • Adjusted EBITDA1 of $69.1 million with a

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Source: SEC EDGAR

accession 0001628280-24-020839

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