Vectrus, Inc. provides facility and base operations, supply chain and logistics, information technology mission support, and engineering and digital integration services. It offers facility and base operations services, such as facilities operations and maintenance, base life support, facilities engineering and management, airfield management, civil engineering, public works, transportation operations, and emergency services. The company also offers supply chain and logistics services, including warehouse management and distribution, asset management and logistics, full spectrum aviation maintenance, repair and overhaul, and integrated logistics, equipment maintenance, repair, and services. Additionally, it provides information technology mission support services comprising communications, management and service support, IT service management design and implementation, network and cybersecurity, systems installation and activation, and mission support. Further, the company offers engineering and digital integration solutions, such as perimeter security and intrusion detection, system-of-systems engineering and software development, advanced engineering, integrated electronic security monitoring systems, systematic integrated security protection of physical assets, IP and computer systems, sensor and visualization technologies, energy solutions, and electromagnetic interoperability. Vectrus, Inc. was incorporated in 2014 and is headquartered in Colorado Springs, Colorado.
IPO Year: 2014
Exchange: NYSE
Website: vectrus.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/1/2022 | $65.00 | Buy | Truist |
| 3/18/2022 | $42.00 | Hold | Stifel |
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Truist initiated coverage of Vectrus with a rating of Buy and set a new price target of $65.00
Stifel resumed coverage of Vectrus with a rating of Hold and set a new price target of $42.00
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MCLEAN, Va., July 05, 2022 (GLOBE NEWSWIRE) -- V2X, Inc. (NYSE:VEC) ("V2X" or the "Company") today announced the successful completion of Vectrus' combination with The Vertex Company ("Vertex"), creating a leading provider of critical mission solutions and support to defense clients globally. In connection with the closing, the Company was renamed V2X, Inc. The company will continue to trade on the New York Stock Exchange under the ticker "VEC" through July 7, 2022. Beginning at the open of business on July 8, 2022, V2X's common stock will trade under the ticker symbol "VVX". V2X offers clients around the world a broad suite of technology and service capabilities to support national secu
Q1 revenue +5.2% Y/Y to $456.5 million Operating income of $5.2 million; Adjusted EBITDA margin1 of 4.0%Q1 fully diluted EPS of $0.24; Adjusted diluted EPS1 of $1.01Several key wins expand and solidify work with Army, Navy, and National Security clientsReiterating revenue and adjusted diluted EPS1 guidanceCOLORADO SPRINGS, Colo., May 10, 2022 /PRNewswire/ -- Vectrus, Inc. (NYSE:VEC) announced first quarter 2022 financial results. "Vectrus reported solid first quarter results driven by the continued expansion into LOGCAP V and our focus on diversification to new clients and mar
COLORADO SPRINGS, Colo., April 26, 2022 /PRNewswire/ -- Vectrus, Inc., (NYSE:VEC) will report its financial results for the First quarter ended April 1, 2022 on Tuesday, May 10, 2022, after market close. Senior management will conduct a conference call at 4:30 p.m. ET that same day. U.S.-based participants may dial in to the conference call at 844-825-9789, while international participants may dial 412-317-5180. A live webcast of the conference call as well as an accompanying slide presentation will be available on the Vectrus Investor Relations website at http://investors.vec
COLORADO SPRINGS, Colo., March 7, 2022 /PRNewswire/ -- Vectrus, Inc. (NYSE:VEC) announced fourth quarter and full-year 2021 financial results. "This year, Vectrus continued its strong momentum in the converged market, and our financial results for the fourth quarter and full-year 2021 underscore the successful execution of our growth strategy with year-on-year total and organic revenue growth of approximately 28% and 10%, respectively," said Chuck Prow, Chief Executive Officer of Vectrus. "Our team showcased its agility to meet the unique needs of our clients by successfully s
COLORADO SPRINGS, Colo. and MADISON, Miss., March 7, 2022 /PRNewswire/ -- Vectrus, Inc. (NYSE:VEC) and The Vertex Company ("Vertex") today announced that they have entered into an all-stock merger to create a leading global provider of mission-essential solutions. The combined company will offer significantly expanded technology and service capabilities, delivering a comprehensive suite of integrated solutions and critical service offerings to support national security readiness and modernization initiatives around the world. As U.S. and allied government clients move toward
COLORADO SPRINGS, Colo., Feb. 25, 2022 /PRNewswire/ -- Vectrus, Inc., (NYSE:VEC) will report 2021 fourth quarter and full year financial results on Thursday March 10, 2022, after market close. Senior management will conduct a conference call at 4:30 p.m. ET that same day. U.S.-based participants may dial in to the conference call at 844-825-9789, while international participants may dial 412-317-5180. A live webcast of the conference call as well as an accompanying slide presentation will be available on the Vectrus Investor Relations website at http://investors.vectrus.com. A
COLORADO SPRINGS, Colo., Nov. 9, 2021 /PRNewswire/ -- Vectrus, Inc. (NYSE:VEC) announced third quarter 2021 financial results. "We reported strong third quarter results that were underpinned by robust topline growth," said Chuck Prow, Chief Executive Officer of Vectrus. "In the third quarter, Vectrus recorded total and organic revenue growth of 30% and 13%, respectively. During the quarter, the Vectrus team achieved a noteworthy milestone in support of a major humanitarian effort. This accomplishment involved the successful build out of over 250,000 square feet of living space
COLORADO SPRINGS, Colo., Oct. 21, 2021 /PRNewswire/ -- Vectrus, Inc., (NYSE:VEC) will report its financial results for the Third quarter ended October 1, 2021 on Tuesday, November 9, 2021, after market close. Senior management will conduct a conference call at 4:30 p.m. ET that same day. U.S.-based participants may dial in to the conference call at 844-825-9789, while international participants may dial 412-317-5180. A live webcast of the conference call as well as an accompanying slide presentation will be available on the Vectrus Investor Relations website at http://investo
COLORADO SPRINGS, Colo., Aug. 10, 2021 /PRNewswire/ -- Vectrus, Inc. (NYSE:VEC) announced strong second quarter 2021 financial results. "Our second quarter results are demonstrative of Vectrus' ability to provide mission critical and rapid response converged solutions across all time zones and operational environments," said Chuck Prow, Chief Executive Officer of Vectrus. "During the quarter, revenue grew 40% year-over-year, with organic revenue growth of 21%," said Prow. "Our strong organic revenue growth in the quarter was driven partly by the successful performance and exec
COLORADO SPRINGS, Colo., July 27, 2021 /PRNewswire/ -- Vectrus, Inc., (NYSE:VEC) will report its financial results for the Second quarter ended July 2, 2021 on Tuesday, August 10, 2021, after market close. Senior management will conduct a conference call at 4:30 p.m. ET that same day. U.S.-based participants may dial in to the conference call at 877-407-0792, while international participants may dial 201-689-8263. A live webcast of the conference call as well as an accompanying slide presentation will be available on the Vectrus Investor Relations website at http://investors.
MCLEAN, Va., July 05, 2022 (GLOBE NEWSWIRE) -- V2X, Inc. (NYSE:VEC) ("V2X" or the "Company") today announced the successful completion of Vectrus' combination with The Vertex Company ("Vertex"), creating a leading provider of critical mission solutions and support to defense clients globally. In connection with the closing, the Company was renamed V2X, Inc. The company will continue to trade on the New York Stock Exchange under the ticker "VEC" through July 7, 2022. Beginning at the open of business on July 8, 2022, V2X's common stock will trade under the ticker symbol "VVX". V2X offers clients around the world a broad suite of technology and service capabilities to support national secu
Following Transaction Close, Newly Combined Company Will be Renamed V2X, Inc.; to Trade on NYSE under New Ticker: VVX COLORADO SPRINGS, Colo., June 15, 2022 /PRNewswire/ -- Vectrus, Inc. (NYSE:VEC) today announced that based on voting results from the Special Meeting of Shareholders held today, Vectrus shareholders voted to approve the combination with Vertex. Following the close of the transaction, the combined company will be renamed V2X, Inc, and its common stock will trade on the NYSE under a new ticker symbol, "VVX". "Today's overwhelming approval marks a significant step
Vectrus Reminds Shareholders to Vote "FOR" All Merger-Related Proposals Special Meeting of Shareholders to be held on June 15, 2022 COLORADO SPRINGS, Colo., June 8, 2022 /PRNewswire/ -- Vectrus, Inc. (NYSE:VEC) today announced that leading independent proxy advisory firms Institutional Shareholder Services, Inc. ("ISS") and Glass Lewis & Co. ("Glass Lewis"), recommended that Vectrus shareholders vote "FOR" all proposals to be considered and voted on at Vectrus's Special Meeting of Shareholders (the "Special Meeting") in connection with the previously announced combination with Vertex (the "Transaction"). The Special Meeting is scheduled to be held on June 15, 2022 at 1:00 p.m. ET.
COLORADO SPRINGS, Colo., June 1, 2022 /PRNewswire/ -- Vectrus, Inc., (NYSE: VEC), a leading global government services company, announced that company management will address the Stifel 2022 Cross Sector Insight Conference in Boston, on Tuesday, June 7, at 8:35 a.m. Eastern time. A live audio webcast of the briefing will be available at https://wsw.com/webcast/stifel68/vec/1916022 and be available for replay for 90 days afterward. About Vectrus:For more than 70 years, Vectrus has provided critical mission support for our customers' toughest operational challenges. As a high-pe
COLORADO SPRINGS, Colo., May 25, 2022 /PRNewswire/ -- Vectrus, Inc., (NYSE: VEC), a leading global government services company, announced that company management will address the Jefferies IT Services Summit, on Wednesday, June 1, at 2:00 p.m. Eastern time. A live audio webcast of the briefing will be available athttps://wsw.com/webcast/jeff233/vec/1686714 and be available for replay for 90 days afterward. About Vectrus:For more than 70 years, Vectrus has provided critical mission support for our customers' toughest operational challenges. As a high-performing organization wit
Q1 revenue +5.2% Y/Y to $456.5 million Operating income of $5.2 million; Adjusted EBITDA margin1 of 4.0%Q1 fully diluted EPS of $0.24; Adjusted diluted EPS1 of $1.01Several key wins expand and solidify work with Army, Navy, and National Security clientsReiterating revenue and adjusted diluted EPS1 guidanceCOLORADO SPRINGS, Colo., May 10, 2022 /PRNewswire/ -- Vectrus, Inc. (NYSE:VEC) announced first quarter 2022 financial results. "Vectrus reported solid first quarter results driven by the continued expansion into LOGCAP V and our focus on diversification to new clients and mar
COLORADO SPRINGS, Colo., April 26, 2022 /PRNewswire/ -- Vectrus, Inc., (NYSE:VEC) will report its financial results for the First quarter ended April 1, 2022 on Tuesday, May 10, 2022, after market close. Senior management will conduct a conference call at 4:30 p.m. ET that same day. U.S.-based participants may dial in to the conference call at 844-825-9789, while international participants may dial 412-317-5180. A live webcast of the conference call as well as an accompanying slide presentation will be available on the Vectrus Investor Relations website at http://investors.vec
COLORADO SPRINGS, Colo., March 16, 2022 /PRNewswire/ -- Vectrus, Inc. (NYSE:VEC) has been selected by the Department of Defense to complete the final phases of application development for a 5G Smart Warehouse at Naval Base Coronado (NBC). The NBC 5G Smart Warehouse Assessment Team conducted a down select during Phase 1, comparing application solutions from three companies including Vectrus. This effort is part of the DoD's $600 million 5G experimentation and testing initiative, originally awarded in 2020. Vectrus successfully demonstrated a Converged Environment solution, addressing NAVSUP operational challenges through the implementation of advanced technology applications.
COLORADO SPRINGS, Colo., March 7, 2022 /PRNewswire/ -- Vectrus, Inc. (NYSE:VEC) announced fourth quarter and full-year 2021 financial results. "This year, Vectrus continued its strong momentum in the converged market, and our financial results for the fourth quarter and full-year 2021 underscore the successful execution of our growth strategy with year-on-year total and organic revenue growth of approximately 28% and 10%, respectively," said Chuck Prow, Chief Executive Officer of Vectrus. "Our team showcased its agility to meet the unique needs of our clients by successfully s
COLORADO SPRINGS, Colo. and MADISON, Miss., March 7, 2022 /PRNewswire/ -- Vectrus, Inc. (NYSE:VEC) and The Vertex Company ("Vertex") today announced that they have entered into an all-stock merger to create a leading global provider of mission-essential solutions. The combined company will offer significantly expanded technology and service capabilities, delivering a comprehensive suite of integrated solutions and critical service offerings to support national security readiness and modernization initiatives around the world. As U.S. and allied government clients move toward
Vectrus, Inc. (NYSE:VEC) today announced that based on voting results from the Special Meeting of Shareholders held today, Vectrus shareholders voted to approve the combination with Vertex. Following the close of the transaction, the combined company will be renamed V2X, Inc, and its common stock will trade on the NYSE under a new ticker symbol, "VVX". "Today's overwhelming approval marks a significant step toward completing our merger with Vertex, and creating one of the leading providers of critical mission solutions and support to defense clients globally," said Chuck Prow, Chief Executive Officer of Vectrus. "Vectrus and Vertex - together as V2X - will be better positioned to meet the
Vectrus (NYSE:VEC) reported its Q1 earnings results on Tuesday, May 10, 2022 at 04:00 PM. Here's what investors need to know about the announcement. Earnings Vectrus beat estimated earnings by 27.85%, reporting an EPS of $1.01 versus an estimate of $0.79. Revenue was up $22.47 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.04 which was followed by a 9.01% drop in the share price the next day. Here's a look at Vectrus's past performance: Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021 EPS Estimate 0.86 0.79 0.95 0.74 EPS Actual 0.90 1.15 1.52 1.20 Revenue Estimate 415.00M 434.00M 410.00M 376.95M Revenue Actual 419.41M 459.41M
Vectrus (NYSE:VEC) reported quarterly earnings of $1.01 per share which beat the analyst consensus estimate of $0.79 by 27.85 percent. This is a 15.83 percent decrease over earnings of $1.20 per share from the same period last year. The company reported quarterly sales of $456.50 million which beat the analyst consensus estimate of $426.18 million by 7.11 percent. This is a 5.18 percent increase over sales of $434.00 million the same period last year.
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Truist Securities analyst Tobey Sommer initiates coverage on Vectrus (NYSE:VEC) with a Buy rating and announces Price Target of $65.
Stifel analyst Bert Subin resumed coverage on several companies in the U.S. Government Services space, citing rising geopolitical tensions, the public perception of threats, and his view that the battlespace is becoming increasingly digital. The analyst resumed coverage of Vectrus Inc (NYSE:VEC) with a Hold rating and a price target of $42, implying an upside of 13%. Subin states the pending merger with Vertex heightens Vectrus' risk profile. Related: Vectrus Agrees To Merge With Vertex Bert Subin resumed coverage of Parsons Corp (NYSE:PSN) with a Buy rating. The analyst notes Parsons combines a steady services business with upside from rising demand for Critical Infrastructure. Pric
Stifel analyst Bert Subin reinstates Vectrus (NYSE:VEC) with a Hold and announces $42 price target.