The stock of Vectrus Inc (NYSE:VEC) closed at $37.95 gaining 2.65% in yesterday’s trading session. It was today that this company moved ahead to make the announcement about its fourth quarter and full-year 2017 financial results.
One thing that came out clearly was the fact that in the past one year Vectrus has managed to make substantial progress in its business as it sets the foundation for future for its growth. It is at the moment doing all within its means towards ensuring that it succeeds at executing its business strategy the right way.
An official working with the company stated, “For the fourth quarter, revenue was $295.8 million, operating income was $10.3 million, and diluted earnings per share were $3.70. For the full year, revenue was $1,114.8 million, operating income was $41.2 million, and diluted earnings per share were $5.31.”
He went further to disclose that the cash delivered in the course of last year to help with operational activities stood at $35.4 million. The president and chief executive officer of Vectrus Chuck Prow while speaking to several journalists outlined that as a company they had pretty much to take pride in especially in line with the success witnessed in 2017.
It is worth noting that in the previous year the company managed to achieve a series of milestones including contract awards, backlog and the record quarterly operating margin. The other notable aspect was the fact that the team managed to do an outstanding job in line with securing the base which would be possible if they won the scheduled re-competes.
Prow exudes confidence that from the current year moving forward they will proceed with their efforts of executing the strategy beforehand in order to be able to scale even much higher in terms of achieving immense business success.
It will be about exploring new and adjacent markets in a more aggressive way. It sees the great need to have in place additional channels to drive growth as well as boost its shareholder value. The other thing is the development of enhanced capabilities as well as taking the shareholder value a notch higher.