Vectrus, Inc. (VVX) Tops Q4 EPS by 2c

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V2X Announces Fourth Quarter and Full-Year 2022 Results

March 2, 2023 4:05 PM EST

On July 5, 2022 ("Closing Date"), Vectrus, Inc. ("Vectrus") completed its merger ("the Merger") with Vertex Aerospace Services Holding Corp. ("Vertex"), thereby forming V2X, Inc. Fourth quarter "reported results" reflect the contributions of Vectrus and Vertex from October 1, 2022, through December 31, 2022. Full year 2022 "reported results" reflect the contributions of Vectrus from January 1, 2022, through December 31, 2022, and Vertex from the Closing Date through December 31, 2022, unless otherwise noted. Comparisons to historical periods are relative to legacy Vectrus results, unless otherwise noted.

Fourth Quarter 2022 Highlights:

Revenue of $978.2 million, up 20% y/y on a pro forma... More