Mantech International Corp (MANT) Misses Q1 EPS by 7c, Reduces FY EPS Guidance

Mantech International Corp (NASDAQ: MANT) reported Q1 EPS of $0.26, $0.07 worse than the analyst estimate of $0.33. Revenue for the quarter came in at $452 million versus the consensus estimate of $486.98 million.

Mantech International Corp sees FY2014 EPS of $1.39, versus prior guidance of $1.5 and the consensus of $1.49.

Forward Guidance

ManTech Chief Financial Officer Kevin M. Phillips said, "As expected, the drawdown in Overseas Contingency Operations (OCO) weighed on our results in the first quarter. Despite the change in earnings guidance, our fundamental outlook remains unchanged. We expect that our customers will push to obligate funds by the end of the government fiscal year, and we are heavily investing in business development and new solutions development to take advantage of that opportunity. We expect our cash flow to remain strong, and by paying down our debt and acquiring companies in our growth segments, we are enhancing our platform to grow earnings in 2015."

For earnings history and earnings-related data on Mantech International Corp (MANT) click here.

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