Mantech Int'l (MANT) Reports In-Line Q4 EPS; Guides In-Line

Mantech Int'l (NASDAQ: MANT) reported Q4 EPS of $0.37, in-line with the analyst estimate of $0.37. Revenue for the quarter came in at $402 million versus the consensus estimate of $413.48 million.

GUIDANCE:

Mantech Int'l sees FY2016 EPS of $1.38-$1.47, versus the consensus of $1.45. Mantech Int'l sees FY2016 revenue of $1.575-1.675 billion, versus the consensus of $1.63 billion.

"The steadfast investments made in business development in years prior bore fruit in 2015. ManTech achieved a record level of bookings and backlog, the highest since 2012 and 2013, respectively. Fourth quarter revenues, operating income, operating margin, net income and earnings per share improved over third quarter results. Additionally, our annual results improved year-over-year on operating margin, net income and earnings per share," said ManTech Chairman and Chief Executive Officer George J. Pedersen. "The passage of the President's two-year budget deal provides the strongest budgetary position that we have had in years and award activity is returning to a more normalized state. In 2015, we made two targeted acquisitions within the intelligence and cyber markets, Welkin Associates and Knowledge Consulting Group (KCG), bolstering our positions in key customers and capabilities. The momentum built in 2015 provides ManTech a foundation to achieve revenue and earnings per share growth in 2016."

For earnings history and earnings-related data on Mantech Int'l (MANT) click here.

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