NYSE$VVX
V2X Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
V2X reported record revenue and strong year-end performance in the fourth quarter of 2024, driven by growth across all geographies and significant expansion in the Indo-Pacific region.
V2X achieved record revenue of $1.16 billion in Q4 2024, an 11% increase year-over-year, with strong growth in the Indo-Pacific region. The company reported record net income of $25.0 million and adjusted diluted EPS of $1.33, up 9% year-over-year. V2X also demonstrated strong cash flow from operations and reduced net debt, achieving a net leverage ratio of 2.6x.
- Record revenue of $1.16 billion, up 11% year-over-year, was achieved in the fourth quarter.
- Indo-Pacific revenue grew by 27% year-over-year due to increased demand.
- The company reported record net income of $25.0 million and adjusted diluted EPS of $1.33, a 9% increase year-over-year.
- Net debt was reduced by $210 million, resulting in a net leverage ratio of 2.6x.
Headline financials
Revenue & EPS history
V2X · Revenue · Quarterly
$1.16B
Forward guidance
V2X anticipates continued positive trends in its business for 2025, with guidance set for revenue between $4.375 billion and $4.500 billion, and Adjusted EBITDA between $305 million and $320 million. The company expects revenue and adjusted EBITDA to be weighted more heavily in the second half of the year.
Tailwinds
- Strategy to deliver full lifecycle solutions is expected to increase efficiency and reduce costs.
- Modernization capabilities are anticipated to improve readiness and strengthen national security.
- Substantial opportunities for future growth and value creation are expected.
- Mid-point guidance for 2025 revenue is $4.438 billion, indicating continued growth.
- Mid-point guidance for 2025 Adjusted EBITDA is $313 million, reflecting expected profitability.
Headwinds
- Revenue and adjusted EBITDA are expected to be weighted more heavily in the second half of the year, implying a slower first half.
- Approximately 4% of revenue guidance at the mid-point assumes contribution from recompetes, which may carry inherent risks.
- The company is not providing a quantitative reconciliation for non-GAAP measures due to the inability to reasonably estimate certain financial information.
- Forward-looking statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially.
- Unusual, one-time, non-ordinary, or non-recurring costs related to M&A and integration cannot be reasonably estimated, potentially impacting financial performance.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
+1.6%
Avg return
Earnings day
+2.2%
Avg return
5 days after
+2.3%
Avg return
30 days after
57%
30 / 53 earnings
Positive
+35.4%
Q4 2017
Best reaction
-22.6%
Q2 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.6% | +4.1% | +22.4% | |
| Q4 2025 | +4.3% | +2.7% | +0.8% | |
| Q3 2025 | -2.1% | -4.5% | -2.8% | |
| Q1 2025 | -2.2% | +3.4% | -9.1% | |
| Q4 2024 | +15.7% | +11.6% | +21.3% | |
| Q3 2024 | +2.0% | +8.2% | -2.5% | |
| Q2 2024 | -2.4% | -0.2% | +2.7% | |
| Q1 2024 | -4.2% | -5.7% | -9.8% | |
| Q4 2023 | +15.1% | +16.3% | +19.5% | |
| Q3 2023 | -17.6% | -18.6% | -16.6% | |
| Q2 2023 | +2.5% | -1.8% | -10.7% | |
| Q1 2023 | +0.3% | -5.0% | +3.7% | |
| Q4 2022 | -5.5% | -6.7% | -17.2% | |
| Q3 2022 | +2.2% | -2.6% | -7.7% | |
| Q2 2022 | +27.7% | +20.4% | +9.0% | |
| Q1 2022 | +5.8% | +5.9% | +0.7% | |
| Q4 2021 | -18.4% | -25.5% | -17.9% | |
| Q3 2021 | -0.1% | -2.9% | -17.7% | |
| Q2 2021 | +6.9% | +3.1% | +7.1% | |
| Q1 2021 | +2.0% | -1.0% | -2.4% | |
| Q4 2020 | +4.8% | +8.7% | -2.6% | |
| Q3 2020 | +8.2% | +6.1% | +22.1% | |
| Q2 2020 | -7.6% | -15.8% | -22.7% | |
| Q1 2020 | -3.7% | -0.6% | +26.6% | |
| Q4 2019 | -2.6% | -5.5% | -24.5% | |
| Q3 2019 | +13.4% | +16.7% | +10.2% | |
| Q2 2019 | +11.6% | +12.1% | +12.8% | |
| Q1 2019 | +3.9% | +7.1% | +53.4% | |
| Q4 2018 | -3.1% | +0.6% | -6.2% | |
| Q3 2018 | -1.4% | -4.2% | -13.8% | |
| Q2 2018 | +15.1% | +15.0% | +5.2% | |
| Q1 2018 | -1.2% | +0.8% | -1.8% | |
| Q4 2017 | +35.4% | +35.6% | +36.5% | |
| Q3 2017 | +9.8% | +5.9% | +0.7% | |
| Q2 2017 | -22.6% | -13.9% | -14.0% | |
| Q1 2017 | +0.7% | -0.8% | +16.2% | |
| Q4 2016 | -12.0% | -11.0% | -7.7% | |
| Q3 2016 | +20.4% | +28.4% | +42.6% | |
| Q2 2016 | -5.3% | -2.3% | -16.2% | |
| Q1 2016 | -2.3% | — | — | |
| Q4 2015 | +7.4% | — | — | |
| Q3 2015 | +1.9% | — | — | |
| Q2 2015 | +16.0% | — | — | |
| Q1 2014 | +1.8% | — | — | |
| Q1 2015 | +0.9% | — | — | |
| Q1 2013 | -10.3% | — | — | |
| Q4 2012 | -10.3% | — | — | |
| Q4 2014 | -10.3% | — | — | |
| Q2 2014 | -10.3% | — | — | |
| Q2 2013 | -10.3% | — | — | |
| Q3 2014 | +5.1% | — | — | |
| Q3 2013 | +5.1% | — | — | |
| Q4 2013 | +5.1% | — | — |
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