V2X Announces Strong Second Quarter 2023 Results
MCLEAN, Va., Aug. 8, 2023 /PRNewswire/ -- V2X, Inc. (NYSE:VVX) announced second quarter 2023 financial results.
- Awarded significant bookings of $2.1 billion, driving backlog +10% sequentially to $13.0 billion
Reported operating income of $34.3 million; adjusted operating income1 of $70.5 million
Increasing mid-point of 2023 revenue, adjusted EBITDA1, and adjusted diluted EPS1 guidance
MCLEAN, Va., Aug. 8, 2023 /PRNewswire/ -- V2X, Inc. (NYSE:VVX) announced second quarter 2023 financial results. - "V2X reported strong results in the second quarter with revenue increasing 10.2% year-over-year, on a pro forma basis," said Chuck Prow, President and Chief Executive Officer of V2X.
- Bookings activity in the quarter was strong at $2.1 billion in awards to V2X.
- Ms. Lynch continued, "At the end of the quarter, net debt for V2X was $1,176.6 million, a $112 million reduction from the prior quarter.