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V2X(VVX) - 2022 Q1 - Earnings Call Presentation
2022-05-12 17:02
LEI VECTRUS 1st Quarter 2022 Results Chuck Prow – President and Chief Executive Officer Susan Lynch – Senior Vice President and Chief Financial Officer May 10, 2022 Disclaimers FORWARD-LOOKING STATEMENTS Certain material presented in this presentation includes forward-looking statements intended to qualify for the safe harbor from liability established by the Securities Exchange Act of 1934, as amended. These forwardlooking statements include, but are not limited to, Vectrus may be unable to obtain sharehol ...
V2X(VVX) - 2021 Q4 - Annual Report
2022-03-07 21:42
Table of Contents 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, 2021 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 juri ...
V2X(VVX) - 2021 Q3 - Earnings Call Transcript
2021-11-10 00:39
Financial Data and Key Metrics Changes - Third quarter 2021 revenue grew 30% year-over-year to approximately $459 million, with organic growth of 13% [10][38] - Adjusted EBITDA margin for the quarter was 4.5%, down from 4.8% in the prior year [11][39] - Adjusted diluted earnings per share increased 19% year-over-year to $1.15 [12][40] - Operating cash flows were $39.4 million for the quarter, significantly up from $3.3 million in the same period last year [41][39] - Total backlog was $4.9 billion, compared to $3.7 billion in Q3 2020 [45] Business Line Data and Key Metrics Changes - Revenue from Navy campaigns increased 180% year-over-year, now representing 11% of total revenue [23][42] - Revenue in INDOPACOM grew to approximately $19 million year-over-year, now accounting for 5% of total revenue [43][42] Market Data and Key Metrics Changes - U.S.-based revenue composition grew to 30% of total revenue, up from 25% in the same period last year [44] - The company's trailing 12-month pro forma book-to-bill ratio was 1.4 times, compared to 1.5 times in Q3 2020 [45] Company Strategy and Development Direction - The company is focusing on diversifying its portfolio through organic and inorganic investments, particularly in the Navy and INDOPACOM regions [42][43] - The company aims to enhance its position in the market through strategic acquisitions and investments that align with its growth strategy [47][48] Management's Comments on Operating Environment and Future Outlook - Management reiterated 2021 guidance ranges, expecting revenue between $1.745 billion and $1.78 billion, reflecting 25% to 28% growth [49] - The company is mindful of potential impacts from ongoing transitions in contracts and geopolitical factors affecting operations [62] Other Important Information - The company ended the quarter with cash of $53.4 million and total debt of $128 million, with a total leverage ratio of 1.33 times [46] - The company plans to introduce a larger, more favorable credit facility to support its growth plan [48] Q&A Session Summary Question: Potential opportunity in INDOPACOM - Management indicated that INDOPACOM is an increasing portion of the overall pipeline, with expectations that the Kwajalein contract will contribute more than 10% of revenue [54][55][56] Question: Staffing challenges and vaccine mandates - Management acknowledged challenges in staffing due to COVID-19 but noted successful resource deployment. The vaccine mandate primarily affects U.S.-based employees [58][60] Question: Guidance maintenance despite strong quarter - Management explained that while the year is solid, they are being cautious due to effects from Afghanistan, contract transitions, and the lumpiness of revenue from contingency operations [61][62]
V2X(VVX) - 2021 Q2 - Earnings Call Transcript
2021-08-10 23:00
Vectrus, Inc. (VEC) Q2 2021 Earnings Conference Call August 10, 2021 4:30 PM ET Company Participants Michael Smith - Vice President of Treasury, Corporate Development & Investor Relations Charles Prow - President & Chief Executive Officer Susan Lynch - Senior Vice President & Chief Financial Officer Conference Call Participants Joseph Gomes - NOBLE Capital Markets Robert Conners - Stifel Operator Greetings, ladies and gentlemen. Thank you for joining us for the Vectrus Second Quarter 2021 Earnings Conferenc ...
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 ...