Movers and SHAKERS
Outstanding Second Quarter Results
Vectrus Inc is a U.S.-based company that provides services to the U.S. government. It operates as one segment and offer facility and logistics services and information technology and network communications services. The information technology and network communications capabilities consist of communications systems operations and maintenance, management and service support, systems installation and activation, system-of-systems engineering and software development, and mission support for the department of defense. The facility and logistics service include airfield management, ammunition management, civil engineering, communications, emergency services, life support activities, public works, security, transportation operations and others.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
2Q21 Results. Vectrus' 2Q21 revenue was a record $470.8 million, up 40.1% y-o-y, with organic growth of 21%. Adjusted EBITDA was $26.6 million, up from $6.7 million last year. Adjusted EBITDA margin increased 360 basis points to 5.6%. EPS was $1.35 compared to $0.09, while adjusted EPS was $1.52 in 2Q21 versus $0.31 last year. We had forecast revenue of $410 million, adjusted EBITDA of $20.3 million, and EPS of $0.95.
Overall Operating Environment Remains Healthy. With full operational capability in CENTCOM and growing capability in INDOPACOM, momentum continues to build. While some areas remain more restrictive than others, re-openings of bases following the pandemic is a positive for Vectrus. The Company continues to win awards, as evidenced by the recent $40 million Air Force awards ...
This 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 the 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.