V2X, Inc. (VVX) 2023年年度报告「NYSE」.pdf

1、2023 ANNUAL REPORTLETTER TO OUR SHAREHOLDERS In 2023,we made significant progress advancing V2X as a leader in our market while extending our record of revenue growth and profitability expansion.Id like to thank our employees who demonstrated agility and excellent performance,delivering 8%pro forma

2、revenue growth for the year.Revenue growth was driven by our continued expansion in the Pacific and Middle East as well as contribution from recent new business awards.Im also pleased to announce that we demonstrated outstanding performance in all aspects of cash conversion,which drove significant c

3、ash generation,enabling net debt reduction of$137.1 million for the year.V2Xs ability to generate strong cash flow with low capital expenditures is an important attribute of our business and one that we are extremely focused on as a primary avenue to enhance value for shareholders.We believe the lea

4、ding indicators of our business remain strong and provide an excellent foundation and solid visibility moving into 2024.This includes a backlog of approximately$13 billion,$9 billion of bids currently under evaluation,and a robust pipeline of opportunities valued at$15 billion expected to be submitt

5、ed over the next twelve months.We continue to focus on harnessing our diversity to positively impact business outcomes.With almost 50%of our workforce made up of veterans,we are a leading participant in the veterans ecosystem.Im proud to announce that in 2023,we were once again selected by Military

6、Times for its“Best for Vets:Employers 2023”rankings.Additionally,V2X remained a Top Company for Veterans by DiversityInc.As a team,our employees bring diverse experiences from the military and business worlds that,combined,strongly contribute to our success.V2X recently released its inaugural Enviro