Vectrus Announces Strong First Quarter 2020 Results
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Vectrus, Inc. (VEC) Tops Q1 EPS by 1c, Revenues Miss; Offers FY20 EPS/Revenue Mid-Point Guidance Below Consensus
May 12, 2020 4:13 PM EDTVectrus, Inc. (NYSE: VEC) reported Q1 EPS of $0.75, $0.01 better than the analyst estimate of $0.74. Revenue for the quarter came in at $352 million versus the consensus estimate of $337.89 million.
"Vectrus provides critical infrastructure support services globally for a variety of national security missions. This core competency combined with our backlog of long-term contracts with the U.S. government creates operating and financial resiliency, with predictable free cash flow, that is foundational to our business model," said Chuck Prow, president and chief executive officer. "Our first quarter revenue grew 8% with minimal impact from COVID-19, and adjusted EBITDA... More
