The chart below shows how VVX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, VVX sees a +0.48% change in stock price 10 days leading up to the earnings, and a -1.88% change 10 days following the report. On the earnings day itself, the stock moves by -1.54%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Third Quarter Revenue Growth: V2X reported strong third quarter results with revenue of $1.08 billion, representing 8% growth year-over-year.
Indo-Pacific Revenue Surge: Indo-Pacific revenue grew 31% year-over-year, driven by increased demand to support the DoD's priorities.
Quarterly Adjusted EBITDA Growth: Adjusted EBITDA in the quarter was $82.7 million, up 28% year-over-year with a 7.6% margin, reflecting higher volume and strong program performance.
Significant EPS Growth: Adjusted diluted EPS was $1.29, up 77% year-over-year, demonstrating significant profitability improvement.
Revenue and EBITDA Growth: Year-to-date revenue was $3.164 billion, increasing 8% year-over-year, with adjusted EBITDA for the first nine months of the year at $224.1 million, increasing 5.8% from the prior year.
Negative
European Revenue Decline: V2X reported a decline in European revenues, down 22% in the quarter and about 10% year-to-date.
Backlog Challenges: The total backlog was $12.2 billion in the third quarter, reflecting challenges in securing new contracts.
Increased Interest Expense: Interest expense for the quarter was $27.2 million, indicating increased financial burdens.
Cash Interest Expense Impact: Cash interest expense was $25.6 million, highlighting ongoing costs that impact profitability.
Revenue Guidance Adjustment: The company raised the low end of its revenue guidance range to $4.225 billion to $4.275 billion, suggesting caution in future expectations.
V2X, Inc. (VVX) Q3 2024 Earnings Call Transcript
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