V2x, Inc. ( (VVX) ) has released its Q4 earnings. Here is a breakdown of the information V2x, Inc. presented to its investors.
V2X, Inc. is a company that builds innovative solutions integrating physical and digital environments, primarily serving the national security, defense, civilian, and international markets with a focus on enhancing mission readiness and security.
V2X, Inc. reported a record revenue of $1.16 billion for the fourth quarter of 2024, marking an 11% increase year-over-year, driven by strong growth across all regions, particularly a 27% increase in the Indo-Pacific area. The company also achieved a record net income of $25 million and adjusted net income of $42.7 million, alongside a significant backlog of $12.5 billion.
Key financial highlights include a 10% year-over-year increase in adjusted net income, reaching $42.7 million, and an adjusted EBITDA of $86.2 million with a margin of 7.4%. The company successfully reduced its net debt by $210 million, achieving a net leverage ratio of 2.6x. For the full year, V2X reported revenue of $4.32 billion, up 9% from the previous year, with an adjusted diluted EPS increase of 16% year-over-year to $4.34.
Looking forward, V2X management remains optimistic about future growth, setting a 2025 revenue guidance midpoint at $4.44 billion and adjusted EBITDA at $313 million. The company aims to continue leveraging its comprehensive lifecycle capabilities to enhance efficiency and modernize capabilities, providing substantial opportunities for future growth and value creation.