Wednesday, February 27, 2019

Vectrus (VEC)

Solid 2018 performance; on track for five year goal of $2.5B revenue and 7% EBITDA margin.

Vectrus Inc is a
U.S.-based company that provides services to the U.S. government. The company
generates nearly all its revenue from the United States Department of Defense.
The company offerings are categorized into three types; infrastructure
asset management services, logistics and supply-chain management
services, and information technology and
network communication services.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

RATING: OUTPERFORM

• Solid 2018 Results. For 2018, Vectrus reported record revenue of $1.279 billion, record operating margin of 3.8%, record adjusted EPS of $2.94, and record operating cash flow of $40.1 million. The results were driven by a combination of organic growth and the SENTEL acquisition.
• Remains on Track For 5-Year Goals. Vectrus remains on track for its 2023 goal of $2.5 billion of revenue and a 7% EBITDA margin. This is rou… 
  
  
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