V2X, Inc. (VVX) saw its shares surge 6.21% in Monday's trading session, following the company's robust fourth-quarter 2024 earnings report and upbeat guidance for the upcoming year. The government services provider delivered record revenue and significantly exceeded analysts' expectations for both top and bottom-line performance.
For the quarter ended December 31, 2024, V2X reported revenue of $1.16 billion, marking an 11.3% increase from the prior year and surpassing Wall Street's consensus estimate of $1.10 billion. The company cited strong growth across all geographic regions, with the Indo-Pacific region leading the way with a 27% year-over-year revenue jump, driven by increased demand for its services.
On the profitability front, V2X's adjusted earnings per share (EPS) came in at $1.33, significantly outperforming the analysts' projection of $0.64 per share. The company's record net income of $25.03 million and adjusted EBITDA of $86.2 million, with a margin of 7.4%, further underscored its operational excellence and financial strength.
Adding to the bullish sentiment, V2X issued upbeat guidance for the full year 2025, forecasting revenue between $4.375 billion and $4.5 billion, and adjusted EPS in the range of $4.45 to $4.85. The company's strong backlog of $12.5 billion, including a book-to-bill ratio of 1.2x in the fourth quarter, underpins its confidence in continuing its growth momentum and delivering value to customers through innovative solutions.
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