 Revenue: 632 million, up 18 from the second quarter of 2019 EBITDA Margin: 8.9 Diluted EPS: 0.74, up 23 from the second quarter of 2019 Adjusted Diluted EPS: 0.84, up 20 from the second quarter of 2019 Bookings of 663 million resulting in a book-to-bill ratio of 1.0 Cash Flow from Operations: 62 million Raises and narrows the range of 2020 guidance on all measuresHERNDON, Va., July 29, 2020 GLOBE NEWSWIRE -- ManTech International Corporation Nasdaq: MANT, a leading provider of innovative technologies and solutions for mission-critical national security programs, today announced financial results for the second quarter of fiscal year 2020, which ended June 30, 2020.ManTechs agility and resilience continues to be evidenced by our financial performance. The company produced another quarter of exceptional organic growth, healthy profitability and robust cash flow. Our talented peoples passion for delivering innovation and their steadfast commitment to customer missions underpin our continuing success, said ManTech President and Chief Executive Officer, Kevin M. Phillips.Summary Operating Results Three months ended June 30, In Millions Except Per Share Amounts2020 2019 Revenue632.5 537.0 Operating Income39.6 33.3 Net Income29.9 24.2 Diluted EPS0.74 0.60 Non-GAAP Financial Measures EBITDA56.6 46.3 EBITDA Margin8.9 8.6 Adjusted Net Income33.9 28.0 Adjusted Diluted EPS0.84 0.70 Information about ManTechs use of non-GAAP financial measures, including a reconciliation of the non-GAAP financial measures to the most comparable financial measures calculated and presented in accordance with GAAP, is provided under Non-GAAP Financial Measures.As a result of strong continued demand for our services and solutions, revenue was 632 million, up 18 from the second quarter of 2019. In the quarter, revenue growth was primarily organically driven as a result of recent contract awards.Operating income was 39.6 million for the quarter, up 19 from the second quarter of 2019. Net income was 29.9 million and diluted earnings per share EPS was 0.74, up 24 and 23 from the second quarter of 2019, respectively.EBITDA was 56.6 million for the quarter, up 22 from the second quarter of 2019, representing an EBITDA margin of 8.9 for the quarter. Adjusted net income was 33.9 million and adjusted diluted EPS was 0.84, up 21 and 20 from the second quarter of 2019, respectively.Cash Management and Capital DeploymentFor the quarter, cash flow from operations totaled 62 million. Days sales outstanding DSO were 63 days, an improvement of 3 days compared to the second quarter of 2019.During the quarter, the Company paid 12.9 million, or 0.32 per share, as part of its regular cash dividend program to its common stockholders of record as of June 5, 2020. As of June 30, 2020, the Company had 29.7 million in cash and cash equivalents and 20.0 million of outstanding borrowings on its 500 million revolving-credit facility, which provides the Company with ample financial capacity to fund operations, pursue acquisitions and issue dividends while maintaining a strong balance sheet.The Board of Directors has declared a quarterly dividend of 0.32 to be paid September 25, 2020, to all common stockholders of record as of September 11, 2020, as part of its regular quarterly cash dividend program. Future declarations of dividends and their record and payment dates are subject to the final determination of ManTechs Board of Directors.Contract AwardsContract awards bookings totaled 663 million in the quarter, representing a book-to-bill ratio of 1.0. In the second quarter, approximately 20 of the awards were for new business. ManTechs notable single-award contracts in the quarter include: Cyber and IT Modernization Services for the Navy. ManTech was awarded a new, 5-year contract totaling 87 million to provide cyber, enterprise IT and software engineering services in support of the Navy Maritime Maintenance Enterprise Solution for the Naval Sea Systems Command. Advance Secure, Integrated Network Communications for the Navy. ManTech was awarded a 5-year contract totaling 66 million to continue providing research and development, engineering, test and evaluation, training and cyber services on communication and electronic systems for the Naval Air Warfare Center Aircraft Division.The Company received a number of additional contract awards in the quarter including several extensions to existing contracts and new contracts from various customers, most of which are classified.The Companys backlog of business at quarter end was 9.2 billion including 1.4 billion of funded backlog.Forward GuidanceThe Company has raised and narrowed the range of its 2020 guidance for revenue, adjusted net income and adjusted diluted earnings per share as specified in the table below.MeasureFiscal 2020 Guidance Revenue million2,450 - 2,500 Adjusted Net Income million127.6 - 130.3 Adjusted Diluted EPS3.14 - 3.21 Information about ManTechs use of non-GAAP financial measures is provided under Non-GAAP Financial MeasuresAdjusted net income and adjusted diluted EPS exclude amortization of acquired intangibles and the related tax impact. The Company does not provide a reconciliation of forward-looking adjusted net income and adjusted diluted EPS, due to inherent difficulty in forecasting and quantifying these non-GAAP exclusions that are necessary for such reconciliation without unreasonable efforts. Material changes to any one of these items could have significant effect on future GAAP results.ManTech Chief Financial Officer Judith L. Bjornaas said, We have outperformed against plan in the first half of 2020 and will look to maintaining that momentum for the balance of the year. Our backlog continues to afford us good visibility and a path to sustained growth.Conference CallManTech executive management will hold a conference call on July 29, 2020, at 5 p.m. Eastern to discuss the financial results and outlook and answer questions. Analysts may participate on the conference call by dialing 877 638-9567 domestic or 253 237-1032 international and entering passcode 3476156. The conference call will be webcast simultaneously to the public through a link on the Investor Relations section of the ManTech website A replay of the conference call will be available on the ManTech website approximately 2 hours after the conclusion of the conference call.About ManTech International CorporationManTech provides mission-focused technology solutions and services for U.S. defense, intelligence community and federal civilian agencies. In business more than 50 years, we excel in full-spectrum cyber, data collection analytics, enterprise IT, systems and software engineering solutions that support national and homeland security. Additional information about ManTech can be found at InformationStatements and assumptions made in this press release, which do not address historical facts, constitute forward-looking statements that ManTech believes to be within the definition in the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties, many of which are outside of our control. Words such as may, will, expect, intend, anticipate, believe, or estimate, or the negative of these terms or words of similar import, are intended to identify forward-looking statements.These forward-looking statements are inherently subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes we anticipate. Factors that could cause actual results to differ materially from the results we anticipate include, but are not limited to, the following: failure to maintain our relationship with the U.S. government, or the failure to compete effectively for new contract awards or to retain existing U.S. government contracts; disruptions to our business resulting from the recent outbreak of the novel coronavirus disease 2019 known as COVID-19 or other similar global health epidemics, pandemics andor other disease outbreaks; adverse changes in U.S. government spending for programs we support, whether due to changing mission priorities, economic and political policy changes or federal budget constraints generally; inability to recruit and retain a sufficient number of employees with specialized skill sets or necessary security clearances who are in great demand and limited supply; failure compete effectively for awards procured through the competitive bidding process, and the adverse impact of delays resulting from our competitors protest of new contracts that are awarded to us; disruptions of our business or damage to our reputation resulting from cyber attacks and other security threats; failure to obtain option awards, task orders or funding under contracts; the government renegotiating, modifying or terminating of our contracts; failure to comply with, or adverse change in, complex U.S. government laws and procurement; adverse results in U.S. government audits or other investigations of our government contracts; failure to successfully integrate acquired companies or businesses into our operations or to realize any accretive or synergistic effects from such acquisitions; failure to mitigate risk associated with conducting business internationally; and adverse change in business conditions that may cause our investments in recorded goodwill to become impaired. These and other risk factors are more fully discussed in the section entitled Risk Factors in ManTechs Annual Report on Form 10-K previously filed with the Securities and Exchange Commission on Feb. 