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ManTech Posts 8% Profit Jump for FY 2015, Yearly & 4Q Earnings Meet Wall Street Forecast

MantechLogoManTech International (Nasdaq: MANT) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported an increase of 8.1 percent in profit for its full 2015 calendar year and earnings figures for 12 months and the fourth quarter that meet Wall Street’s expectations.

The Fairfax, Virginia-based technology and government services contractor said it posted $51.13 million in net income for 2015 and $13.89 million in profit during the fourth quarter, the latter of which was down 3.94 percent from the same October-December period in 2014.

Full-year earnings totaled $1.36 per share and fourth quarter EPS was stated as 37 cents, both in line with the consensus analyst outlook.

ManTech said declined 12.43 percent to $1.55 billion for the full 2015 period versus Wall Street’s expectation of $1.56 billion and fourth quarter sales fell 2.18 percent year-over-year to $402.4 million compared with analyst forecasts of $413.12 million.

The company also reported a 5.5-percent operating margin for 2015 compared to 5.3 percent from 2014.

ManTech issued its fiscal year 2016 guidance that forecasts earnings of between $1.38 and $1.47 per share, sales in a range of $1.57 billion-to-$1.67 billion and profit in a scope of $52.5 million-to-$55.9 million.

As of Wednesday’s close, shares in ManTech had declined 10.58 percent from the year’s start and were down 22.39 percent over 12 months.

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