Vectrus, Inc. (VEC) Tops Q4 EPS by 18c, Beats on Revenues; Offers FY18 EPS Outlook Above Consensus

Vectrus, Inc. (NYSE: VEC) reported Q4 EPS of $0.57, $0.18 better than the analyst estimate of $0.39. Revenue for the quarter came in at $295.8 million versus the consensus estimate of $275.2 million.

Fourth Quarter 2017 Results

• Revenue $295.8 million
• Operating income $10.3 million
• Operating margin 3.5%
• Diluted earnings per share $3.70; adjusted diluted EPS1 $0.57

Guidance

"In 2018, we expect annual revenue to be in the range of $1,205 million to $1,275 million with a mid-point of $1,240 million or an increase of 11 percent compared to 2017. We expect full-year operating margin to be in the range of 3.6 percent to 4.0 percent and net income to be in the range of $30.5 million to $36.4 million. We expect to see diluted EPS in the range of $2.70 to $3.22 per share, and cash provided by operating activities from $35 million to $39 million," said Klein. "Our 2018 guidance assumes interest expense of approximately $4.3 million, depreciation and amortization of $4.2 million, non-recurring transaction related expenses of $3.0 million, mandatory debt payments of $4.0 million, a tax rate of 22 percent and weighted average diluted shares outstanding of 11.3 million at December 31, 2018."

GUIDANCE:

Vectrus, Inc. sees FY2018 EPS of $2.70-$3.22, versus the consensus of $2.22.

For earnings history and earnings-related data on Vectrus, Inc. (VEC) click here.

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