Wednesday, August 7, 2019
Vectrus (VEC)
Today’s Investments Will Pay Off Tomorrow
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, Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- Mixed 2Q19 Results. Vectrus reported revenue of $331.6 million, up 3.3% from $321.1 million in 2Q18, and above our $327 million estimate. EPS came in at $0.66, versus $0.81 in 2Q18 and our $0.76 estimate. EPS was negatively impacted by $0.08 per share of one time costs and the pull forward of certain investments. Vectrus did show sequential improvement in revenue, EBITDA margin, and EPS.
- Revenue Diversification Continues. Vectrus’ focus on diversifying its revenue sources continues to show improvement. In the quarter, Air Force revenue jumped…
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