V2X, Inc. (VVX) 2020年年度报告「NYSE」.pdf

1、vectrus,inc.2020 annual reportletter to our shareholdersFirst,Id like to thank our entire workforce for their innovation and fortitude throughout the pandemic and commitment to delivering outstanding service in support of our clients critical infrastructures and missions across the globe.2020 demons

2、trated the financial and operational resiliency of our business model,the dedication of our team to our clients missions,and the advancements were making to lead in the converged infrastructure market.We delivered full-year revenue of approximately$1.4 billion,which was up 1%year-over-year despite a

3、$63 million or 4.6%headwind associated with COVID-19.Adjusted EPS1 for 2020 was$3.07 despite an estimated$0.39 impact associated with COVID-19.In addition,we reported strong operating cash flows of$50.9 million excluding the benefit from the CARES Act,a new company high.Our ability to generate subst

4、antial cash from operations remains an important characteristic of our business.We continued to grow our backlog,which ended the year at$5.1 billion,up 84%year-over-year,an all-time high for Vectrus.The increased backlog was partly driven by the recent$882 million recompete win of our OMDAC-SWACA2 c

5、ontract,the second largest contract in our portfolio,which significantly improves our visibility over the next five years.Our targeted growth campaigns continue to yield favorable results and in 2020 we made great progress executing our Navy growth campaign,which is harnessing capabilities across th

6、e Vectrus portfolio to deliver innovative technology-based solutions while improving mission effectiveness.The results of this campaign are seen in our financial results with Navy revenue increasing 22%year-over-year in 2020.Notable wins during the year include the following:$210 million firm-fixed-