V2X, Inc. (VVX) 2019年年度报告「NYSE」.pdf

1、VECTRUS,INC.2019 ANNUAL REPORTletter to shareholders2019 was a transformational year for Vectrus as we won a seat on the$82 billion LOGCAP V1 IDIQ with task orders in the CENTCOM and INDOPACOM Areas of Responsibility(AoRs),the largest award in our company history.This 10-year contract puts Vectrus i

2、n every time zone around the globe,positioning us to compete for additional future revenue growth and geographic expansion in all AoRs.We also successfully diversified our client portfolio and our revenue base through market share expansion with the Navy and the Air Force,and added new clients,inclu

3、ding the Department of State and our first foreign military client,Japans Ministry of Defense.Importantly,we further differentiated the Company as an innovator in the emerging converged infrastructure market,further improved processes throughout our organization to prepare for anticipated growth,and

4、 advanced our competitive profile.I am very proud of these accomplishments,and want to thank our talented team,more than 35%of whom are veterans,for their dedication to our business and the missions we support,and our clients for their trust in our ability to support their missions.In 2019,we extend

5、ed our record of revenue growth and profitability expansion.Revenue for the year increased 8%,supported by 7%organic growth as we expanded our core programs and phased-in and performed on$350 million of new business won in 2018 and early 2019.We also improved our profitability throughout the year,re

6、aching the highest quarterly Adjusted EBITDA margin2 since being a public company.Adjusted EPS3 for 2019 grew 6%percent despite an expedited pace of investment in Enterprise Vectrus,our enterprise wide performance improvement programs,and other internal investments we made to prepare for anticipated