Vectrus, Inc. (VEC) Misses Q1 EPS by 12c, Beats on Revenues; Boosts FY18 EPS/Revenue Guidance

Vectrus, Inc. (NYSE: VEC) reported Q1 EPS of $0.54, $0.12 worse than the analyst estimate of $0.66. Revenue for the quarter came in at $320.5 million versus the consensus estimate of $306.19 million.

• For the first quarter, revenue was $320.5 million, operating income was $8.7 million, and diluted earnings per share were $0.54.
• Net cash used in operating activities was $11.6 million in the first quarter 2018.
• Additionally, the company increased full-year 2018 guidance for revenue, net income, and diluted EPS.

GUIDANCE:

Vectrus, Inc. sees FY2018 EPS of $2.71-$3.23, versus the consensus of $3.12. Vectrus, Inc. sees FY2018 revenue of $1.215-1.285 billion, versus the consensus of $1.24 billion.

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

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