earnings
confidence high
sentiment positive
materiality 0.75
V2X Q3 record revenue $1.08B (+8% YoY), record net income, raises FY guidance midpoint
V2X, Inc.
2024-Q3 EPS reported
$0.30
revenue$3,164,403,000
- Revenue $1.08B (+8% YoY); record net income $15.1M (up $21.5M YoY); adjusted EBITDA $82.7M (+28% YoY), margin 7.6%.
- Adjusted diluted EPS $1.29 (+77% YoY); GAAP diluted EPS $0.47.
- Indo-Pacific revenue grew 31% YoY; secured ~$5B in awards including $3.7B W-TRS contract.
- 2024 guidance: revenue midpoint raised to $4.25B; adjusted EPS midpoint $4.075; EBITDA reaffirmed $300-315M.
- Net leverage 3.27x, improved sequentially; on track for ≤3.0x by year-end.