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Vectrus Inc is a U.S.-based company that provides services to the U.S. government. The company generates nearly all its revenue from the United States Department of Defense. The company offerings are categorized into three types; infrastructure asset management services, logistics and supply-chain management services, and information technology and network communication services.
Joe Gomes, Research Analyst, Noble Capital Markets, Inc.
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- Mixed 2Q19 Results. Vectrus reported revenue of $331.6 million, up 3.3% from $321.1 million in 2Q18, and above our $327 million estimate. EPS came in at $0.66, versus $0.81 in 2Q18 and our $0.76 estimate. EPS was negatively impacted by $0.08 per share of one time costs and the pull forward of certain investments. Vectrus did show sequential improvement in revenue, EBITDA margin, and EPS.
- Revenue Diversification Continues. Vectrus' focus on diversifying its revenue sources continues to show improvement. In the quarter, Air Force revenue jumped...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.