V2X(VVX)

Search documents
V2X(VVX) - 2021 Q1 - Earnings Call Presentation
2021-05-12 02:02
ECRERT VECTRUS FIRST QUARTER 2021 RESULTS CHUCK PROW – PRESIDENT AND CHIEF EXECUTIVE OFFICER SUSAN LYNCH – SENIOR VICE PRESIDENT AND CHIEF FINANCIAL OFFICER MAY 11, 2021 Safe Harbor Statement SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 (THE "ACT"): CERTAIN MATERIAL PRESENTED HEREIN INCLUDES FORWARD-LOOKING STATEMENTS INTENDED TO QUALIFY FOR THE SAFE HARBOR FROM LIABILITY ESTABLISHED BY THE ACT. THESE FORWARDLOOKING STATEMENTS INCLUDE, BUT ARE NOT LIMITED TO, ALL OF THE S ...
V2X(VVX) - 2020 Q4 - Earnings Call Transcript
2021-03-03 02:50
Vectrus, Inc. (VEC) Q4 2020 Earnings Conference Call March 2, 2021 4:30 PM ET Company Participants Michael Smith - Vice President of Corporate Development and Investor Relations Charles Prow - President and Chief Executive Officer Susan Lynch - Senior Vice President and Chief Financial Officer Conference Call Participants Joseph DeNardi - Stifel, Nicolaus & Company, Inc. Joseph Gomes - NOBLE Capital Markets, Inc. Operator Thank you for joining us for Vectrus Fourth Quarter and Full-Year 2020 Earnings Confer ...
V2X(VVX) - 2020 Q4 - Earnings Call Presentation
2021-03-02 22:21
SPROPI | --- | --- | --- | |---------------|-----------------------------------------------------------------|-----------------------------------------| | | | | | | VECTRUS | | | | | | | | | | | | | FOURTH QUARTER & FULL YEAR 2020 RESULTS | | | | | | | | | | CHUCK PROW – | PRESIDENT AND CHIEF EXECUTIVE OFFICER | | | SUSAN LYNCH – | SENIOR VICE PRESIDENT AND CHIEF FINANCIAL OFFICER MARCH 2, 2021 | | Safe Harbor Statement SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 (THE "A ...
V2X(VVX) - 2020 Q4 - Annual Report
2021-03-02 21:07
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36341 Vectrus, Inc. (Exact name of registrant as specified in its charter) Indiana 38-3924636 (State or other jurisdiction of incorp ...
V2X(VVX) - 2020 Q3 - Earnings Call Transcript
2020-11-10 23:49
Vectrus, Inc. (VEC) Q3 2020 Results Earnings Conference Call November 10, 2020 4:30 PM ET Company Participants Mike Smith - VP, IR and Corporate Development Chuck Prow - President and CEO Susan Lynch - SVP and CFO Conference Call Participants Joe Gomes - Noble Capital Operator Thank you for joining us for the Vectrus Third Quarter 2020 Earnings Conference Call and Webcast. TodayÂ's call is being recorded. My name is Robert, and IÂ'll be the operator for todayÂ's call. At this time, all participants have bee ...
V2X(VVX) - 2020 Q3 - Earnings Call Presentation
2020-11-10 21:28
| --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | Safe Harbor Statement SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 (THE "ACT"): CERTAIN MATERIAL PRESENTED HEREIN INCLUDES FORWARD-LOOKING STATEMENTS INTENDED TO QUALIFY FOR THE SAFE HARBOR FROM LIABILITY ESTABLISHED BY THE ACT. THESE FORWARDLOOKING STATEMENTS INCLUDE, BUT ARE NOT LIMITED TO, ALL OF THE STATEMENTS AND ITEMS LISTED IN THE TABLES FOR 2020 GUIDANCE A ...
V2X(VVX) - 2020 Q2 - Earnings Call Presentation
2020-08-12 17:41
| --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | Safe Harbor Statement SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 (THE "ACT"): CERTAIN MATERIAL PRESENTED HEREIN INCLUDES FORWARD-LOOKING STATEMENTS INTENDED TO QUALIFY FOR THE SAFE HARBOR FROM LIABILITY ESTABLISHED BY THE ACT. THESE FORWARDLOOKING STATEMENTS INCLUDE, BUT ARE NOT LIMITED TO, ALL OF THE STATEMENTS AND ITEMS LISTED IN THE TABLES FOR 2H AND 2020 GUI ...
V2X(VVX) - 2020 Q2 - Earnings Call Transcript
2020-08-11 23:14
Financial Data and Key Metrics Changes - Revenue in Q2 2020 increased by $4.5 million, a growth rate of 1.3% year-on-year, despite an estimated $22 million revenue impact from COVID-19 [36][8] - Adjusted EBITDA margin was 2%, adversely impacted by 240 basis points due to contract adjustments and COVID-19 [10][38] - Adjusted EPS was $0.24, negatively affected by $0.54 from contract adjustments and $0.14 from COVID-19 impacts [11][38] - Operating cash flow increased over 50% from the previous year, resulting in nearly zero net debt [8] Business Line Data and Key Metrics Changes - The K-BOSSS contract contributed $109 million to total revenue in Q2 2020 [37] - The backlog grew 18% year-over-year to $3.8 billion, with a pro forma backlog of $4 billion post-quarter [11][25] - Significant new business wins included a $210 million contract for base operations support at Isa Air Base and a $190 million contract for Naval Station Patuxent River, although these awards are currently under protest [20][22] Market Data and Key Metrics Changes - The company’s pipeline of new business opportunities is approaching $11 billion, with $1.1 billion in bids submitted and awaiting award [29] - Over 90% of the work performed is funded from the DoD operations and maintenance budget, which remains resilient [32][33] Company Strategy and Development Direction - The company is focused on seamless LOGCAP V transition and expanding its pipeline of opportunities while pursuing strategic M&A [14][48] - Investments are being made to enhance talent, processes, and systems to support future growth, including a modernized IT platform [18] - The company aims to expand into the converged infrastructure market, which is seen as a significant growth opportunity [34] Management's Comments on Operating Environment and Future Outlook - Management expects meaningful EPS growth in the second half of the year despite COVID-19 challenges [7] - The company anticipates a $40 million impact from COVID-19 on revenue and EPS in the second half [15][41] - Management remains confident in the company’s strong backlog and pipeline, indicating a solid position for future growth [50] Other Important Information - The company has been awarded a $529 million modification to the K-BOSSS program, extending the contract to support LOGCAP V [14] - The revised full-year revenue guidance is between $1.385 billion and $1.405 billion, reflecting an estimated $65 million impact from COVID-19 [43] Q&A Session Summary Question: Can you talk about the contract charge and its influence on future earnings? - The European contract charge was due to a disconnect between volume and cost, and it is expected to be the final charge related to this contract [52][53] Question: What is the magnitude of the opportunity from LOGCAP? - There is significant interest from other clients in using LOGCAP, with task orders being received, although they are not material for 2020 [55] Question: Are there larger contracts in the pipeline? - There are bids pending evaluation in the $1 billion to $2 billion range, with a good cadence for contract awards expected [56][57] Question: Is there a slowdown in RFPs due to COVID? - The pace of RFPs remains strong, but some awards are slipping due to COVID-19 [59][60] Question: How is the M&A pipeline looking? - The M&A pipeline has refilled, and the company is looking at several targets closely [62]
V2X(VVX) - 2020 Q1 - Earnings Call Transcript
2020-05-13 02:27
Vectrus, Inc. (VEC) Q1 2020 Earnings Conference Call May 12, 2020 4:30 PM ET Company Participants Mike Smith – Vice President-Investor Relations and Corporate Development Chuck Prow – President and Chief Executive Officer Susan Lynch – Senior Vice President and Chief Financial Officer Conference Call Participants Chris Van Horn – B. Riley Joe Gomes – NOBLE Capital John Baugh – Stifel Operator Thank you for joining us today for the Vectrus First Quarter 2020 Earnings Conference Call and Webcast. TodayÂ's cal ...
V2X(VVX) - 2019 Q4 - Annual Report
2020-03-03 21:11
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36341 Vectrus, Inc. (Exact name of registrant as specified in its charter) Indiana 38-3924636 (State or other jurisdiction of incorp ...