Vectrus Announces Third Quarter 2020 Results

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Go back to Vectrus Announces Third Quarter 2020 Results

Vectrus, Inc. (VEC) Tops Q3 EPS by 7c, Revenues Beat; Offers FY20 EPS Guidance Above Consensus

November 10, 2020 4:10 PM EST

Vectrus, Inc. (NYSE: VEC) reported Q3 EPS of $0.89, $0.07 better than the analyst estimate of $0.82. Revenue for the quarter came in at $352.4 million versus the consensus estimate of $344.01 million.

Q3 revenue of $352.4 million, +4.9% sequentially; COVID-19 adversely impacted revenue by $12.9 million or 3.7% year-on-yearQ3 diluted EPS of $0.88; Adjusted diluted EPS(1) of $0.89, COVID-19 adversely impacted EPS by $0.14Adjusted EBITDA margin(1) of 4.8%, driven by ongoing performance initiativesRobust backlog of $3.7 billion; 1.5x TTM book-to-billReiterating 2020... More