V2X, Inc. (NYSE:VVX) Q1 2023 Results Conference Call May 9, 2023 4:30 PM ET

Company Participants

Mike Smith - VP, Treasury, IR and Corporate Development

Chuck Prow - President and CEO

Susan Lynch - SVP and CFO

Conference Call Participants

Joe Gomes - NOBLE Capital

Jasper Bibb - Truist Securities

Robert Connors - Stifel

Steve Strackhouse - RBC Capital Markets

Operator

Thank you for joining us for the V2X First Quarter 2023 Earnings Conference Call and Webcast. Today's call is being recorded. My name is Joanna, and I will be the operator for today's call. [Operator Instructions]

And now I'll pass the call over to your host, Mike Smith, Vice President of Treasury, Investor Relations, and Corporate Development at V2X. Please go ahead.

Mike Smith

Thank you. Good afternoon, everyone. Welcome to the V2X first quarter 2023 earnings conference call. Joining us today are Chuck Prow, President and Chief Executive Officer; and Susan Lynch, Senior Vice President and Chief Financial Officer. Slides for today's presentation are available on the Investor Relations section of our website www.gov2x.com.

Please turn to Slide 3. During today's presentation, management will be making forward-looking statements pursuant to the Safe Harbor provisions of the federal securities laws. Please review our Safe Harbor statements in our press release and presentation materials for a description of some of the factors that may cause actual results to differ materially from the results contemplated by these forward-looking statements. The company assumes no obligation to update its forward-looking statements.

Additionally, I would like to point out that in addition to GAAP earnings, we will be discussing and reporting various adjusted non-GAAP metrics, including pro forma revenue, adjusted EBITDA and margin, adjusted operating cash flow, adjusted net income, and adjusted diluted earnings per share. The definition of these non-GAAP measures can be found in our presentation materials available on our Investor Relations website and in our press release filed with the SEC.

At this time, I'd like to turn the call over to Chuck Prow, President and CEO of V2X.

Chuck Prow

Thank you, Mike, and good afternoon, everyone. Thank you for joining us on the call today. Please turn to Slide 4. This afternoon, Susan and I will update you on a strong quarter for V2X, our 12% organic revenue growth, significant new business win, and the retention of key recompete contracts demonstrate V2X's continued momentum in the marketplace. This momentum validates our strategy and differentiation, but more importantly is a result of our talented employees, the foundation on which V2X is built. As you can see on the slide, V2X has an extremely diverse workforce. For example, more than 42% of our U.S. employees report a military background and 45% identified as a person of color. The metrics on this page are something we are extremely proud of, and our diversity allows us to achieve even greater performance. I'd like to thank our over 15,000 global employees that are helping drive positive results across our business and improve outcomes for our clients and are important contributors in the communities that we are privileged to operate in.