secwatch.observer — SEC 8-K summary
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Issuer:     V2X, Inc. (VVX)
CIK:        0001601548
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001628280-24-020839
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1601548/000162828024020839/0001628280-24-020839-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1601548/000162828024020839/vec-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-020839

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer