Vectrus, Inc. (VEC) Misses Q4 EPS by 5c, Revenues Beat; Offers FY19 Revenue Guidance Above Consensus

Vectrus, Inc. (NYSE: VEC) reported Q4 EPS of $0.73, $0.05 worse than the analyst estimate of $0.78. Revenue for the quarter came in at $330 million versus the consensus estimate of $317.12 million.

"We expect annual revenue to be in the range of $1,300 million to $1,330 million with a mid-point of $1,315 million which assumes the full-year extension of K-BOSSS, our largest contract as a percentage of revenue," said Klein. "Full-year operating margin is expected at 3.8% to 4.2% and net income is expected to be in the range of $35.3 million to $40.4 million. We expect to see diluted EPS in the range of $3.07 to $3.51 per share and net cash provided by operating activities is expected at $40.0 million to $46.0 million. Our 2019 guidance assumes interest expense of $4.7 million, capital expenditures of approximately $8.5 million, depreciation and amortization expense of $4.1 million, mandatory debt payments of $4.5 million, a tax rate of 21 percent and weighted average diluted shares outstanding of 11.5 million at December 31, 2019."

GUIDANCE:

Vectrus, Inc. sees Q1 2019 revenue of $1.3-1.33 billion, versus the consensus of $1.29 billion.

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

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