RESTON, Va., April 3, 2025 /PRNewswire/ -- V2X, Inc., (NYSE: VVX), announces it has successfully repriced and extended its $238 million Term Loan A and $500 million Revolving Credit Facility ("Revolver"). As of December 31, 2024, there were no outstanding borrowings on the company's Revolver."I'm pleased to announce further enhancements to our capital structure through a successful repricing and extension of our Term Loan A and Revolver," said Shawn Mural, Senior Vice President and Chief Financial Officer a ...

RESTON, Va., March 26, 2025 /PRNewswire/ -- V2X (NYSE: VVX) Inc., announced its selection as a winner on the Bridge to Enduring Synthetic Training Environment Tactical Engagement Simulation Systems (TESS) Multiple-Award Contract (BEST MAC) Lot 1. This contract supports the U.S. Army's TESS devices, a vital component of its live training capabilities, by extending their product life and ensuring they meet the Army's evolving requirements. The indefinite-delivery, indefinite-quantity contract includes a ten-y ...

RESTON, Va., March 17, 2025 /PRNewswire/ -- V2X (NYSE: VVX) has been awarded a position on the U.S. Navy's Worldwide Expeditionary Multiple Award Contract (WEXMAC) 2.0, a key vehicle for delivering enhanced global logistics capabilities. Administered jointly by the Army Contracting Command and the Naval Supply Systems Command, WEXMAC 2.0 streamlines procurement processes and integrates technology to enhance logistical support for joint forces and federal agencies worldwide. The contract is designed to stren ...

RESTON, Va., March 11, 2025 /PRNewswire/ -- V2X, Inc. (NYSE: VVX) was awarded a new $100 million contract to support the U.S. Navy's Aegis Ashore facilities in Poland. These facilities are a crucial component of NATO's missile defense system, designed to detect, track, and intercept ballistic missiles in flight. As a key element in transatlantic security, this site strengthens NATO's defense against the increasing threat of ballistic missiles. "This contract underscores our commitment to high-consequence mi ...

RESTON, Va., Feb. 26, 2025 /PRNewswire/ -- V2X (NYSE: VVX) Inc., announces its award of a $100 million contract to provide aviation maintenance and support services for the Federal Bureau of Investigation's (FBI) Critical Incident Response Group. Under this contract, V2X will deliver mission-critical aviation resources that enable the FBI to conduct intelligence gathering, investigate operations, and law-enforcement activities. V2X will support the FBI's specialized aviation fleet by providing field-level m ...

V2X, Inc. (NYSE:VVX) Q4 2024 Earnings Conference Call February 24, 2025 4:30 PM ET Company Participants Mike Smith - Vice President, Treasury, Investor Relations & Corporate Development Jeremy Wensinger - President & Chief Executive Officer Shawn Mural - Senior Vice President & Chief Financial Officer Conference Call Participants Peter Arment - Baird Andre Madrid - BTIG Ken Herbert - RBC Capital Markets Joe Gomes - NOBLE Capital Trevor Walsh - Citizens JMP Mariana Perez Mora - Bank of America Operator Good ...

Fourth Quarter & Full-Year 2024 Results MISSION ENABLEMENT l END-TO-END CAPABILITIES l GLOBAL REACH February 24, 2025 GO TOWARDS TOMORROW #goV2X GO TOWARDS TOMORROW #goV2X ibdroot\projects\IBD-NY\vitus2024\938510_1\03. Roadshow Presentation\V2X - Roadshow Presentation (Nov- 2024)_vF.pptx ibdroot\projects\IBD-NY\vitus2024\938510_1\03. Roadshow Presentation\V2X - Roadshow Presentation (Nov- 2024)_vF.pptx Disclaimers FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the me ...

Group 1 - V2X reported quarterly earnings of $1.33 per share, exceeding the Zacks Consensus Estimate of $1.14 per share, and showing an increase from $1.22 per share a year ago, resulting in an earnings surprise of 16.67% [1] - The company achieved revenues of $1.16 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 6.27%, compared to $1.04 billion in the same quarter last year [2] - Over the last four quarters, V2X has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [2] Group 2 - The stock has underperformed, losing about 12% since the beginning of the year, while the S&P 500 has gained 2.2% [3] - The current consensus EPS estimate for the upcoming quarter is $0.94 on revenues of $1.04 billion, and for the current fiscal year, it is $4.78 on revenues of $4.45 billion [7] - The Zacks Industry Rank indicates that the Technology Services sector is in the top 33% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8]

Financial Performance - Record revenue of $1.16 billion in Q4 2024, representing an 11% year-over-year growth[5] - Record net income of $25.0 million in Q4 2024; adjusted net income of $42.7 million, up 10% year-over-year[5] - Full-year revenue for 2024 was $4.32 billion, up 9% year-over-year[7] - Net income for the year ended December 31, 2024, was $34,684, compared to a net loss of $(22,573) in 2023[25] - Revenue for the twelve months ended December 31, 2024, was $4,322,155, an increase from $3,963,126 in 2023, representing a growth of approximately 9.1%[32] - Adjusted diluted EPS for 2024 increased 16% year-over-year to $4.34[7] - Operating income for the year ended December 31, 2024, was $159,204, up from $124,416 in 2023, representing a growth of approximately 28%[32] Revenue Breakdown - Indo-Pacific region revenue grew by 27% year-over-year, driven by increased demand[5] - Revenue from the Army segment was $1,837,843, up 12.5% from $1,633,525 in 2023[35] - Revenue from prime contracts amounted to $4,049,543, representing a 8.7% increase from $3,726,199 in 2023[37] - Cost-plus and cost-reimbursable contracts generated $2,531,792 in revenue, a rise of 14.6% from $2,209,241 in 2023[36] - Revenue from the United States was $2,388,598, reflecting a growth of 4.5% compared to $2,286,052 in 2023[38] - The Middle East region contributed $1,399,436, an increase of 17.3% from $1,193,598 in 2023[38] - The Air Force segment's revenue decreased to $481,265, down 10.7% from $538,698 in 2023[35] Cash Flow and Debt Management - Strong year-to-date cash flow from operations of $254 million[5] - Net cash provided by operating activities for the year ended December 31, 2024, was $254,237, up from $187,968 in 2023, indicating a growth of approximately 35.2%[25] - Cash, cash equivalents, and restricted cash at the end of the year was $268,321, compared to $72,651 at the beginning of the year, showing a significant increase[25] - Net debt reduced by $210 million year-over-year, with a net leverage ratio of 2.6x at the end of Q4 2024[6] - Cash and cash equivalents totaled $265,173, while total debt stood at $1,138,833[33] Future Outlook - Book-to-bill ratio of 1.2x in Q4 2024, with a total backlog of $12.5 billion as of December 31, 2024[5][6] - 2025 revenue guidance set at a midpoint of $4.44 billion, assuming approximately 4% contribution from recompetes[8][9] Adjusted Metrics - Adjusted EBITDA for Q4 2024 was $86.2 million, with a margin of 7.4%[6] - Adjusted EBITDA for the twelve months ended December 31, 2024, was $310,211, compared to $293,857 in 2023, reflecting an increase of about 5.5%[32] - Adjusted operating cash flow for the year ended December 31, 2024, was $160,982, compared to $159,459 in 2023, indicating a slight increase[32] - The company incurred $36,124 in M&A, integration, and related costs for the year ended December 31, 2024[32] - The company reported additional permitted add-backs of $71,284, which include non-cash losses and transaction-related costs[33]

Employee and Workforce Management - As of December 31, 2024, the company employed approximately 16,100 full-time employees and utilized about 6,200 subcontract workers[45] - Approximately 28% of the company's employees were represented by 45 collective bargaining agreements with labor unions[45] - The company offers a comprehensive benefits package, including flexible work options, education benefits, wellness programs, and retirement savings plans[48] - In 2024, the company provided access to over 4,000 virtual courses through its online V2X University to support employee development[51] - The company has established a robust talent and succession planning process to develop its talent pipeline for critical roles[52] - The Chief Growth Officer, appointed in January 2025, previously led a $2 billion business focused on advanced products and solutions for the space and defense markets[60] - The company has been recognized as a military-friendly employer, with over 38% of U.S. employees voluntarily reporting a military background[50] - The company conducts annual employee engagement surveys to assess workplace culture and employee satisfaction[47] Health and Safety - The health and safety management system aligns with ISO 45001 standards, focusing on continuous improvement and incident management[54] - The company is committed to complying with human rights provisions and has established a Code of Conduct to address issues like human trafficking and child labor[56] Financial Management and Market Risks - The company reported a $7.1 million change in annual cash interest expenses for each one percentage point change in the variable rate of the Vertex First Lien Credit Agreement[282] - A fully drawn 2023 Revolver at $500.0 million would result in a $5.1 million change in annual cash interest expense for each one percentage point change in interest rates[282] - As of December 31, 2024, the notional value of the company's interest rate swap agreements totaled $439.1 million[283] - The company has discontinued its forward foreign exchange contracts, which expired in January 2022, and no such contracts are outstanding as of December 31, 2024[284] - The majority of the company's business is conducted in U.S. dollars, but it is exposed to foreign currency exchange risks due to some contracts denominated in foreign currencies[284] - Earnings, cash flows, and financial position are exposed to market risks related to fluctuations in interest rates and foreign currency exchange rates[281] - The company has a history of entering into forward foreign exchange contracts to protect against volatility in foreign currency values, although the impact was previously deemed immaterial[284] Strategic Initiatives - The company intends to use its website for disclosing material non-public information and complying with disclosure obligations under Regulation FD[65] - The company has a focus on inorganic activities, including merger & acquisition strategy and execution, managed by the Corporate Vice President of Treasury, Investor Relations and Corporate Development[63] - The company aims to enhance operational efficiency and organic growth through strategic initiatives led by its senior executives[64]