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.

You may also be interested in...

Lauren Knausenberger Deputy CIO US Air Force

USAF Deputy CIO Lauren Knausenberger to Join GovConWire’s Defense Digital Acquisition & Modernization Forum

Lauren Knausenberger, deputy chief information officer at the U.S. Air Force, will participate in a fireside chat during GovConWire’s Defense Digital Acquisition and Modernization Forum on Dec. 1. To register for the virtual event and know about other must-see opportunities, visit GovConWire’s Event Page.

Blake Nelson VP and GM Pragmatics

Former Accenture Exec Blake Nelson Named Pragmatics VP, General Manager

Blake Nelson, a more than two-decade industry veteran and former Accenture executive, has taken the role of vice president and general manager at Pragmatics, where he will collaborate with the company's technology solutions group and business development team to explore various customer delivery efforts such as DevSecOps adoption and big data analytics systems.