Vectrus reports sales, profit gains

By Marjorie Censer / November 7, 2018 at 11:12 AM

Vectrus said yesterday sales in its most recent quarter reached $308 million, up 14 percent from the same three-month period a year earlier.

The contractor's quarterly profit hit $9.9 million, up 70 percent from the prior year.

Vectrus said 4 percent of its sales boost was related to its base business; the remainder came from its acquisition of SENTEL.

In a call with analysts yesterday, Chuck Prow, Vectrus' chief executive, said the company has diversified its business. Three years ago, Army work made up 91 percent of the company's sales; today, that figure is 72 percent.

Almost half of the contractor's new work has come from the Air Force, according to a company chart.

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