Nve Corp (VEC) Misses Q2 EPS by 2c, Updates FY Guidance

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Vectrus reports second quarter 2016 financial results

August 9, 2016 4:05 PM EDT

COLORADO SPRINGS, Colo., Aug. 9, 2016 /PRNewswire/ -- Vectrus, Inc. (NYSE: VEC) announced second quarter 2016 results, which included revenue of $307.9 million, operating income of $11.3 million and diluted earnings per share of $0.55. As of July 1, 2016, year-to-date net cash provided by operating activities was $19.3 million and free cash flow1 improved $19.9 million year-over-year. Funded orders were $303.7 million in the second quarter of 2016, representing a funded book-to-bill2 ratio of 1.0x.

"In the second quarter, our revenue... More