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V2x, Inc. (VVX)
:VVX
Holding VVX?
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.15Last Year’s EPS
1.22Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 07, 2018
|% Change Since: -16.52%
|Next Earnings Date:May 08, 2018
Earnings Call Sentiment|Positive
V2X's Q3 2024 earnings call presented a strong financial performance with significant revenue and EBITDA growth, driven by key contract wins and a strategic presence in high-priority regions. While some challenges were noted, particularly in Europe and the Middle East, the company's overall performance and outlook remain robust.Company Guidance
During the V2X third quarter 2024 earnings call, the company provided guidance reflecting strong performance and future expectations. V2X reported a revenue of $1.08 billion, marking an 8% growth year-over-year, with Indo-Pacific revenue increasing by 31%. The third quarter adjusted EBITDA was $82.7 million, representing a 28% increase year-over-year, and the adjusted EBITDA margin stood at 7.6%. Additionally, adjusted diluted EPS rose by 77% to $1.29. The company also highlighted securing approximately $5 billion in recent awards, which are expected to contribute significantly to future financial performance. As a result of the robust year-to-date performance, V2X raised the low end of its 2024 revenue guidance to a range of $4.225 billion to $4.275 billion and adjusted EPS to a range of $3.95 to $4.20, while reaffirming its adjusted EBITDA and net cash flow from operations. The company remains optimistic about continued growth driven by strategic positioning in key global markets and expansion opportunities in assured communications and platform modernization solutions.Strong Revenue Growth
V2X reported revenue of $1.08 billion for Q3 2024, representing an 8% growth year-over-year, driven by increased demand and strong program performance in key regions such as Indo-Pacific and Middle East.
Significant Growth in Indo-Pacific Region
Indo-Pacific revenue grew by 31% year-over-year, highlighting increased demand to support the DoD's priorities to enhance U.S. readiness in the region.
Record Adjusted EBITDA and EPS
Adjusted EBITDA for the quarter was $82.7 million, up 28% year-over-year with a 7.6% margin. Adjusted diluted EPS was $1.29, up 77% year-over-year.
Strong Contract Wins
V2X secured approximately $5 billion of recent awards, including the F-5 adversarial aircraft program and the Saudi Arabia Aviation Support Training Program reaching full operational capability.
Increased Revenue Guidance
Given the strong year-to-date performance, V2X raised the low end of its 2024 revenue guidance and adjusted EPS.
Successful Deleveraging
Net leverage improved by 0.29 turn to 3.27x, with expectations to reach a net leverage ratio at or below 3x by year-end.
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VVX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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VVX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $61.91 | $62.68 | +1.24% |
| Aug 06, 2024 | $47.05 | $45.75 | -2.76% |
| May 07, 2024 | $52.11 | $49.90 | -4.24% |
| Mar 05, 2024 | $38.64 | $43.51 | +12.60% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does V2x, Inc. (VVX) report earnings?
V2x, Inc. (VVX) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is V2x, Inc. (VVX) earnings time?
V2x, Inc. (VVX) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VVX EPS forecast?
VVX EPS forecast for the fiscal quarter 2024 (Q4) is 1.15.
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