Vectrus reports improved sales, profit

By Marjorie Censer / May 8, 2019 at 10:29 AM

Vectrus said this week sales in its most recent quarter hit $326 million, up 2% from the same three-month period a year earlier.

The company attributed the sales growth to "increases from Middle East and European programs."

Vectrus recorded quarterly profit of $7.1 million, up 16% from the prior year.

In a call with analysts this week, Chuck Prow, Vectrus’ chief executive, touted the company's award in the Army's Logistics Civil Augmentation Program, or LOGCAP V. The program is now under protest.

Prow said the program "was a significant focus of our entire organization." He said he expects LOGCAP V work to affect Vectrus' revenue in 2020.