Vectrus Announces Second Quarter 2019 Results
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Vectrus, Inc. (VEC) Tops Q2 EPS by 2c, Revenues Beat; Raises FY19 Revenue Guidance, FY19 EPS Guidance Below Consensus
August 6, 2019 4:16 PM EDTVectrus, Inc. (NYSE: VEC) reported Q2 EPS of $0.74, $0.02 better than the analyst estimate of $0.72. Revenue for the quarter came in at $331.6 million versus the consensus estimate of $327.4 million.
Revenue grew 3.3% year-over-year to $332 million; Diluted EPS of $0.66 includes $0.08 per share of M&A related costs and LOGCAP V pre-operational legal costsAdjusted EBITDA margin(1) of 4.2% +30BPS vs Q1; Adjusted diluted EPS(1) of $0.74 +7% vs Q1; Strong Q2 operating cash flow of $22 million2019 guidance for revenue growth increased to 7%-9% year-over-year; EBITDA(1) and diluted EPS guidance revised to reflect investments in growth, global operations, and... More