Thursday, August 1, 2019
Kratos Defense & Security (KTOS)
Will the Outperformance Continue?
Kratos Defense & Security Solutions, Inc. provides engineering, information technology (IT) services, and warfighter solutions primarily in the United States. It operates in two segments, Kratos Government Solutions (KGS) and Public Safety and Security (PSS).
Joe Gomes, Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- Excellent 2Q19 Operating Results. Kratos posted strong 2Q revenue of $187.9 million and adjusted EBITDA of $19.2 million, above management’s guidance of $175-$185 million and $16-$18 million. We had projected revenue of $175 million and adjusted EBITDA of $15 million. Excluding Florida Turbine revenues, revenue grew organically 12.9%.
- Hitting on All Cylinders. In 2Q, every Kratos business unit generated sequential organic revenue growth. Unmanned Systems revenue of $42.5 million was up…
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