Nve Corp (VEC) Tops Q1 EPS by 6c

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Go back to Nve Corp (VEC) Tops Q1 EPS by 6c

Vectrus posts strong first quarter 2016 financial results

May 10, 2016 4:05 PM EDT

COLORADO SPRINGS, Colo., May 10, 2016 /PRNewswire/ -- Vectrus, Inc. (NYSE: VEC) announced solid first quarter 2016 results, which included revenue of $310.7 million, operating income of $11.8 million and diluted earnings per share of $0.61. As of April 1, 2016, year-to-date net cash provided by operating activities was $1.7 million and free cash flow2 improved $29.4 million year-over-year. First quarter 2016 also saw solid funded orders of $605.2 million, representing a funded book-to-bill1 ratio of 1.9x.

"Strong performance was driven by continued organic growth in our business, which... More