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Wednesday, March 4, 2020
Vectrus (VEC)
Excellent 2019. Will the Momentum Carry Over into 2020?
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.
Strong 4Q19 and FY2019. 4Q19 revenue grew 11% to $365.3 million, adjusted EBITDA rose 29% to $18 million and adjusted diluted EPS was $0.93 compared to $0.73 in 4Q18. Full year revenue was up 8% to $1.38 billion, adjusted EBITDA rose 15% to $61.4 million, and adjusted diluted EPS was $3.21 compared to $3.04 in 2018.
New Business Drove Results. Navy revenue grew 45% in the year, Air Force business jumped 22%, and Vectrus added the Department of State and Japan’s MoD as new clients during the year. Vectrus won some $1.2 billion of new business in 2019. And the opportunity pipeline remains robust at…
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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 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.
