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Tag Archives: revenue

Cubic FY 2017 Guidance Falls Below Street Outlook, Contractor Expects Defense Order Delay Resolutions


GovCon Index-listed Cubic Corp. (NYSE: CUB) issued earnings and revenue guidance below Wall Street’s consensus outlook for the company’s 2017 fiscal year started Oct. 1 with expectations of delayed orders from the Defense Department to be received over the next 12 months. San Diego-based Cubic said in October the DoD funding delays would impact …

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November 14 Market Close: GovCon Index Posts 4th Straight 1%-Plus Gain, AECOM Surges on CEO’s Infrastructure Comments


Executive Mosaic’s GovCon Index added at least 1 full percent for a fourth consecutive session Monday to new all-time high as defense primes continued to lead gainers and construction company AECOM (NYSE: ACM) also climbed after its CEO offered investors a positive outlook on U.S. infrastructure spending. GovCon Index gainers outnumbered …

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Maximus Issues FY 2017 Outlook Falls Below Street Forecasts, Expects Continued Brexit Currency Headwinds


GovCon Index-listed Maximus (NYSE: MMS) released earnings and revenue guidance for fiscal year 2017 below the consensus Wall Street forecast Thursday in part on expectations of continued headwinds from the British pound’s post-Brexit weakening. The Reston, Virginia-based government services contractor forecasts earnings of $2.90-$3.10 per share versus the analysts’ midpoint forecast of …

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CSRA Tops Street’s 2Q Earnings, Revenue Forecasts


GovCon Index– and S&P 500-listed CSRA (NYSE: CSRA) reported second quarter earnings and revenue above Wall Street analysts’ forecasts after markets closed Wednesday on what the company cited as ramps of new business awards and expansion of existing work. Earnings for the three-month period ended Sept. 30 came in at …

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Vectrus Says Army to Re-Open Bids for Kuwait Logistics Contract, Narrows Earnings Guidance With Revenue Outlook Lift


GovCon Index-listed Vectrus (NYSE: VEC) said Tuesday the U.S. Army will seek revised proposals for a recompeted logistics contract the company originally was not selected for in late September as the program’s current iteration represents the largest the contractor’s portfolio. Vectrus added it is also awaiting a Government Accountability Office decision on a …

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Orbital ATK Backs Govt Satellite Orders to Help Offset Weak Commercial Market Demand

Orbital ATK Ramjet Test Facility

Orbital ATK (NYSE: OA) said Tuesday the aerospace and defense contractor sees satellite orders from military and other government agencies as a counterbalance to continued soft demand from commercial customers. CEO David Thompson told investors the Dulles, Virginia-based company forecasts orders from the defense community, NASA and other science agencies to represent 75-80 …

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November 3 Market Close: GovCon Index Down 1% on Huntington Ingalls 3Q Miss, Leidos Jumps on Street Beat


Executive Mosaic’s GovCon Index tumbled Thursday after Huntington Ingalls Industries (NYSE: HII) reported a year-over-year decline in third quarter earnings with GCI-S&P 500 companies also notable laggers as U.S. stocks also fell on investor worries over election uncertainty. GovCon Index advancers edged decliners 16-14 and three of its 11 S&P 500 companies …

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Leidos Boosts Full-Year Guidance on 3Q Earnings Beat, Huntington Ingalls Misses Street’s Estimates


GovCon Index-listed companies Leidos Holdings (NYSE: LDOS) and Huntington Ingalls Industries (NYSE: HII) released third quarter financial results before markets opened Thursday with both contractors at different stages in major merger-and-acquisition activity. Leidos, the U.S.’ largest government services provider, raised full-year guidance for both earnings per share and revenue as third quarter EPS exceeded the …

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ManTech Promotes Kevin Phillips & Judy Bjornaas, 3Q Financial Results Top Street Forecast


ManTech International (Nasdaq: MANT) said Thursday it has promoted Kevin Phillips to the role of president and chief operating officer after 11 years as chief financial officer, during which the company’s revenue has climbed roughly 58 percent to $1.55 billion as of 2015. Phillips will be responsible for general management …

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November 2 Market Close: GovCon Index Down Slightly in US Stock Market Selloff


Executive Mosaic’s GovCon Index closed narrowly down in the midst of a larger selloff in U.S. financial markets Wednesday as declines by defense primes offset gains on guidance boosts by government services contractors Booz Allen Hamilton (NYSE: BAH) and ICF (Nasdaq: ICFI) along with a sharp rise by McKesson Corp. (NYSE: MCK). By …

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