V2X(US:VVX)2024-03-05 14:03Financial Performance - FY'23 revenue increased by 8% year-over-year to $4.0 billion[13] - Q4'23 revenue increased by 6% year-over-year to $1.0 billion[13] - FY'23 Adjusted EBITDA was $294 million[13] - Q4'23 Adjusted EBITDA was $82 million[13] - YTD adjusted operating cash flow was strong at $159 million[13] Strategic Growth & Financial Health - Backlog reached approximately $12.8 billion, providing solid topline visibility[17] - Net Leverage Ratio improved to 3.3x, driven by a $137.1 million year-over-year reduction in net debt[13, 25] - The company is targeting a net leverage ratio of ≤ 3.0x in 2024[25] Future Outlook - 2024 Revenue guidance is between $4.1 billion and $4.2 billion[27] - 2024 Adjusted EBITDA guidance is between $300 million and $315 million[27]