Vectrus Announces Fourth Quarter and Full-Year 2020 Results
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Vectrus, Inc. (VEC) Tops Q4 EPS by 26c, Revenues Miss; Offers FY21 Revenue Guidance Above Consensus, FY21 EPS Mid-Point Guidance Above Consensus
March 2, 2021 4:18 PM ESTVectrus, Inc. (NYSE: VEC) reported Q4 EPS of $1.18, $0.26 better than the analyst estimate of $0.92. Revenue for the quarter came in at $355.3 million versus the consensus estimate of $361.81 million.
Fourth quarter 2020 revenue of $355.3 million was down year on year by 2.7% mainly due to COVID-19 pandemic-related deferrals of $25.8 million or 7.1%. Revenue was up $2.9 million sequentially or 0.8%.Operating income was $13.7 million or 3.9% margin in the fourth quarter of 2020. Adjusted operating income1 was $15.8 million or 4.4% margin. Fourth quarter operating margin was negatively impacted by 10 basis points due to COVID-19 pandemic-related deferrals.EBITDA1 was $15.8 million or 4.5%... More