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Vectrus, Inc. (NYSE:VEC) will disclose its Third Quarter 2020 financial results on November 10, 2020, after market close. A conference call with senior management is scheduled for 4:30 p.m. ET on the same day. U.S. participants can dial 877-407-0792, while international participants should call 201-689-8263. A live webcast and presentation will be accessible on the Vectrus Investor Relations website. A replay will be available for one year.
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Vectrus Systems Corporation has secured a $196 million contract from the U.S. Navy to provide base operations support services at Naval Station Guantanamo Bay, extending through November 2025. This follows a strategic win from a previous contract awarded in 2018, contributing to Vectrus' growth in Navy contracts, including others worth $210 million at Isa Air Base and $45 million for the Aegis Ashore Missile Defense Facility. Vectrus will manage services such as housing, facility management, and utilities under the new contract.
Vectrus, Inc. (NYSE: VEC) reported Q2 2020 revenue of $336.1 million, up 1.3% year-over-year, despite a $22.3 million impact from COVID-19 restrictions. Adjusted diluted EPS decreased to $0.24 from $0.66 in Q2 2019, affected by contract adjustments and one-time closeouts totaling $8.4 million. The company revised its 2020 guidance, projecting revenue between $1.385 and $1.405 billion, down from previous estimates. Vectrus continues to maintain strong cash flow and a solid balance sheet, with $180 million in liquidity, while navigating challenges posed by the pandemic.
Vectrus, Inc. (NYSE: VEC) is scheduled to report its financial results for Q2 2020, ending July 3, on August 11, 2020, post-market. The conference call will begin at 4:30 p.m. ET, with U.S. participants dialing 877-407-0792 and international participants at 201-689-8263. A live webcast will be accessible on the Vectrus Investor Relations website. Established for over 70 years, Vectrus specializes in global service solutions for U.S. government clients, and generated $1.4 billion in sales in 2019.
Vectrus has once again earned recognition as one of the top 200 federal contractors by Bloomberg Government, ranking #58 on the BGOV200 list for FY 2019. The ranking reflects a significant achievement with $1.2 billion in prime federal contracts, marking an increase from the previous year. Vectrus continues to expand its market presence, particularly with the Navy and Air Force, and achieved the LOGCAP V win, the largest contract in its history. In FY 2019, federal contract spending reached a record $597 billion, indicative of continued growth in government spending.