Vectrus Announces Strong First Quarter 2021 Results

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Go back to Vectrus Announces Strong First Quarter 2021 Results

Vectrus, Inc. (VEC) Tops Q1 EPS by 46c, Revenues Beat; Raises FY21 Revenues Mid-Point Outlook

May 11, 2021 4:12 PM EDT

Vectrus, Inc. (NYSE: VEC) reported Q1 EPS of $1.20, $0.46 better than the analyst estimate of $0.74. Revenue for the quarter came in at $434 million versus the consensus estimate of $376.95 million.

"Vectrus reported strong first quarter results driven by the continued momentum in the execution of our strategy," said Chuck Prow, Chief Executive Officer of Vectrus.

"During the quarter, revenue grew 23% year-over-year, with organic growth of 4%," said Prow. "Revenue growth was driven by our recent acquisitions, continued phase-in of LOGCAP V, as well as the progress made in executing growth in our core programs. Additionally, adjusted EBITDA... More