The X-News Explorer is the ultimate source of information for investors with an affinity for the stock market who want to get a quick and convenient overview of the current news situation of a listed company. Various newswire services are available here. If a news alert is displayed, you will find company news that may be of interest to you. This service is provided by PR-Newswire.
MCLEAN, Va., Nov. 12, 2024 /PRNewswire/ -- V2X, Inc. (NYSE:VVX) ("V2X" or the "company"), a leading provider of global mission solutions, announced today the pricing of the previously announced underwritten public offering by a certain selling stockholder at the public offering price of $61.00 per share. In connection with the offering, the selling stockholder has granted the underwriters an option to purchase up to 375,000 additional shares of common stock from the selling stockholder. V2X is not selling any shares of common stock in the offering, and V2X will not receive any proceeds from the offering by the selling stockholder. The offering is expected to close on or about November 14, 2024, subject to customary closing conditions.
MCLEAN, Va., Nov. 12, 2024 /PRNewswire/ -- V2X, Inc. (NYSE:VVX) ("V2X" or the "company"), a leading provider of global mission solutions, announced today the commencement of an underwritten public offering of 2,500,000 shares of common stock by a certain selling stockholder. In connection with the offering, the selling stockholder intends to grant the underwriters an option to purchase up to 375,000 additional shares of common stock from the selling stockholder. V2X is not selling any shares of common stock in the offering, and V2X will not receive any proceeds from the offering by the selling stockholder. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
Third Quarter Highlights
Record revenue of $1.08 billion, up 8% y/yIndo-Pacific revenue growth of 31% y/y driven by increased demandOperating income of $49.9 million; Adjusted operating income1 of $76.9 millionRecord net income of $15.1 million, up $21.5 million y/y; Adjusted net income1 of $41.3 million, up 76% y/yRecord adjusted EBITDA1 of $82.7 million, up 28% y/y with a margin of 7.6%Diluted EPS of $0.47; Adjusted diluted EPS1 of $1.29, up 77% y/y2024 Guidance:
Raising full-year revenue and adjusted EPS1 guidance midpoint and reaffirming adjusted EBITDA and operating cash flow1MCLEAN, Va., Oct. 15, 2024 /PRNewswire/ -- V2X, Inc., (NYSE: VVX), a leading provider of global mission solutions, will report third quarter 2024 financial results on Monday, November 4, 2024, after market close. Senior management will conduct a conference call at 4:30 p.m. ET that same day.
U.S.-based participants may dial in to the conference call at 877-506-6380, while international participants may dial 412-542-4198. A live webcast of the conference call as well as an accompanying slide presentation will be available at https://app.webinar.net/8eqdGbMZ6Xa and on the Investors section of the V2X website at https://gov2x.com/.
MCLEAN, Va., Oct. 10, 2024 /PRNewswire/ -- V2X, Inc. (NYSE: VVX) will be showcasing its cutting-edge capabilities and mission-focused solutions at the 2024 Association of the United States Army (AUSA) Annual Meeting, which is being held from Monday, October 14 to Wednesday, October 16. At AUSA, V2X will highlight its solutions that enhance U.S. Army readiness and national security. V2X will feature its AI-augmented real-time spectrum operations (RTSO), enhanced situational awareness for air-to-ground operations, next-generation readiness systems, and mission-oriented 5G network technology at Booth 1327 in Exhibit Hall B.
MCLEAN, Va., Oct. 1, 2024 /PRNewswire/ -- V2X, Inc. (NYSE: VVX) announces its selection for the $11.9 billion Defense Logistics Agency (DLA) J6 Enterprise Technology Services 2.0 (JETS 2.0) contract, securing its place amongst a select group of providers.
"In today's rapidly evolving digital landscape, vigilance is paramount. V2X is proud to support the Defense Logistics Agency by delivering critical cybersecurity and IT modernization services to uphold their mission," said Jeremy C. Wensinger, President and Chief Executive Officer of V2X.
MCLEAN, Va., Sept. 4, 2024 /PRNewswire/ -- V2X, Inc. (NYSE: VVX) ("V2X" or the "company"), a leading provider of global mission solutions, announced today the pricing of the previously announced underwritten public offering by a certain selling stockholder at the public offering price of $48.00 per share. In connection with the offering, the selling stockholder has granted the underwriters an option to purchase up to 300,000 additional shares of common stock from the selling stockholder. V2X is not selling any shares of common stock in the offering, and V2X will not receive any proceeds from the offering by the selling stockholder. The offering is expected to close on or about September 6, 2024, subject to customary closing conditions.
MCLEAN, Va., Sept. 4, 2024 /PRNewswire/ -- V2X, Inc. (NYSE: VVX) ("V2X" or the "company"), a leading provider of global mission solutions, announced today the commencement of an underwritten public offering of 2,000,000 shares of common stock by a certain selling stockholder. In connection with the offering, the selling stockholder intends to grant the underwriters an option to purchase up to 300,000 additional shares of common stock from the selling stockholder. V2X is not selling any shares of common stock in the offering, and V2X will not receive any proceeds from the offering by the selling stockholder. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
MCLEAN, Va., Aug. 27, 2024 /PRNewswire/ -- V2X, Inc. (NYSE: VVX) has appointed Jeremy Nance as General Counsel. In this role, Nance will be responsible for managing all legal matters related to V2X's operations, transactions, and business practices. He will also join the executive team and report directly to President and Chief Executive Officer, Jeremy C. Wensinger.
Nance has served on V2X's legal team since July 2018, and most recently as Vice President, Deputy General Counsel and Chief Compliance Officer for the company. "Jeremy Nance brings a wealth of experience and a deep understanding of the legal landscape that will benefit V2X as we continue to grow in our industry," said Jeremy C. Wensinger, President and CEO of V2X.
MCLEAN, Va., Aug. 26, 2024 /PRNewswire/ -- V2X, Inc. (NYSE: VVX) announces that it has been awarded a single award indefinite-delivery/indefinite-quantity contract valued at $747 million. The F-5 aircraft play a crucial role in training naval pilots by providing adversary combat tactics and simulation capabilities. This advanced training environment ensures that pilots are well-prepared for real-world scenarios, enhancing their combat readiness and proficiency. The use of F-5s in an aggressor-training role contributes significantly to the overall readiness of our armed forces, ensuring they are equipped with the skills and experience needed to protect the nation effectively.