Vectrus Announces First Quarter 2019 Results
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Vectrus, Inc. (VEC) Misses Q1 EPS by 13c, Revenues Miss; Offers FY19 EPS/Revenue Mid-Point Guidance Below Consensus
May 7, 2019 4:19 PM EDTVectrus, Inc. (NYSE: VEC) reported Q1 EPS of $0.62, $0.13 worse than the analyst estimate of $0.75. Revenue for the quarter came in at $326 million versus the consensus estimate of $328.12 million.
"Vectrus is off to a solid start to the year, with continued strength in bookings, organic growth and margin expansion, solidifying our 5-year path to $2.5 billion in revenue with 7% EBITDA margin," said Chuck Prow, president and chief executive officer. "Earnings per share in the quarter grew 15% year-over-year on the strength of a 60 basis point expansion in EBITDA margin1 and revenue growth of 2%. We achieved this growth... More
