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NEW YORK - V2X, Inc. (NYSE:VVX) reported second quarter earnings that exceeded analyst expectations, with adjusted earnings per share jumping 59% year-over-year, driving shares up 2.7% following the announcement.
The government services provider posted adjusted earnings of $1.33 per share for the second quarter, significantly beating the analyst estimate of $1.03. Revenue came in at $1.08 billion, surpassing the consensus estimate of $1.05 billion. The company’s adjusted net income rose 61% YoY to $42.3 million, while adjusted EBITDA reached $82.4 million with a margin of 7.6%.
"Our second quarter results reflect V2X’s ability to execute in all market environments and further demonstrate the resiliency of our business," said Jeremy C. Wensinger, President and Chief Executive Officer of V2X.
The company highlighted a major win during the quarter with a $4.3 billion T-6 aircraft program award. This contract will involve providing full spectrum supply chain management solutions for over 700 aircraft used in multi-service aviation training programs.
V2X also established a $100 million share repurchase authorization and improved its net debt position by $200 million compared to the same period last year.
Looking ahead, V2X raised its full-year adjusted earnings guidance to a range of $4.65 to $4.95 per share, up from the previous guidance of $4.45 to $4.85. The midpoint of the new guidance ($4.80) is slightly above the analyst consensus of $4.78. The company maintained its revenue forecast of $4.375 billion to $4.5 billion for fiscal year 2025.
"Given the year-to-date performance and trends in our business, the Company is increasing its adjusted EPS guidance for 2025," said Shawn Mural, Senior Vice President and Chief Financial Officer.
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