VSE Earnings Reports

VSE Corporation reported record revenue of $256.0 million and GAAP Net Income of $14.0 million for the first quarter of 2025, marking a significant increase compared to the prior year. The company also completed the divestiture of its Fleet segment, solidifying its focus on the aviation aftermarket.

VSE Corporation reported strong fourth-quarter 2024 results with a 27% increase in total revenues and a 21% increase in GAAP Net Income, primarily driven by record performance in its Aviation segment. The company also announced strategic transformations, including the acquisition of two commercial aviation aftermarket businesses and the divestiture of its Federal and Defense Services segment.

VSE Corporation reported strong Q3 2024 results, highlighted by record revenue in the Aviation segment. The Fleet segment is expected to improve in Q4. The company completed an equity offering to finance the acquisition of Kellstrom Aerospace.

VSE Corporation reported a 29.6% increase in total revenues to $266.0 million for Q2 2024. The Aviation segment saw record revenue and profitability, while the Fleet segment was impacted by the USPS transition to a new FMIS. The company also made progress in strengthening its balance sheet and reducing net leverage.

VSE Corporation announced strong first-quarter 2024 results, marked by a 28.1% increase in total revenues to $241.5 million and a 49.0% increase in GAAP net income to $12.1 million. The Aviation segment was a key driver, with a 43% revenue increase and record Adjusted EBITDA margins.

VSE Corporation reported strong Q4 2023 results with a 37% increase in total revenues to $235.3 million and a 62% increase in GAAP net income to $12.8 million. The Aviation segment achieved record revenue, and the Fleet segment continued to diversify its customer base.

VSE Corporation announced strong Q3 2023 results, driven by record performance in the Aviation segment and continued growth in the Fleet segment. Total revenues increased by 38.2%, and GAAP net income rose by 57.3%. The company also made strategic acquisitions and optimized its balance sheet.

VSE Corporation announced strong Q2 2023 results, with total revenues increasing by 20.9% to $205.2 million and GAAP net income increasing by 112.2% to $10.1 million. The company saw record revenue in both its Aviation and Fleet segments and raised its full-year revenue guidance.

VSE Corporation reported strong first quarter 2023 results, with a 10.5% increase in total revenues to $255.4 million and a 46.0% increase in GAAP net income to $9.1 million. The company is also raising full-year revenue and adjusted EBITDA margin guidance for the Aviation segment.

VSE Corporation reported an 11% increase in total revenues to $234.3 million for Q4 2022, with GAAP net income decreasing by 22% to $4.8 million. Adjusted EPS increased by 28% to $0.68, and adjusted EBITDA increased by 29% to $22.9 million. The Aviation segment saw significant revenue growth, and the Fleet segment expanded its distribution capabilities.

VSE Corporation reported a 21% increase in total revenues, reaching $242.5 million, and a GAAP net income of $9.4 million for the third quarter of 2022. The company's Aviation segment saw significant revenue and adjusted EBITDA growth, while the Fleet segment experienced growth in commercial revenue. VSE also announced new business and expanded distribution agreements.

VSE Corporation reported strong second-quarter results, driven by revenue growth across all segments and focused execution on new program wins. Total revenues increased by 38% year-over-year, with the Aviation segment achieving a record revenue quarter. The company continued to advance its growth and diversification strategy, focusing on aftermarket parts distribution and MRO services.

VSE Corporation reported strong first quarter 2022 results with a 40.2% increase in total revenues, a 22.2% increase in GAAP net income, and a 42.9% increase in adjusted EBITDA compared to the first quarter of 2021. The company's Aviation and Fleet segments saw significant revenue growth, and strategic initiatives are expected to continue driving value for shareholders.

VSE Corporation reported a strong fourth quarter with a 40.1% increase in total revenues to $210.2 million. The Aviation segment was a key driver of growth, with a 115% increase in revenue. The company's net income increased by 3.1% to $6.2 million, and adjusted EBITDA increased by 3.2% to $17.8 million.

VSE Corporation announced third quarter 2021 results with total revenues of $200.6 million, a 21.2% increase compared to the same period last year. GAAP Net Income increased by 11.3% to $9.0 million, and Adjusted EBITDA increased by 18.7% to $21.4 million. The company generated $21.0 million in free cash flow.

VSE Corporation reported a revenue increase of 3.8% to $175.1 million. Adjusted net income increased 16.0% to $7.7 million, and Adjusted EBITDA increased 9.5% to $18.9 million.

VSE Corporation reported a 7.0% decrease in total revenues to $165.0 million, but a 53.4% increase in GAAP net income to $5.1 million. The company's Fleet segment revenue increased, while Aviation segment revenue declined due to the impact of the COVID-19 pandemic. The company focused on business transformation initiatives and secured new contract awards.

VSE Corporation reported a decline in total revenues and net income for Q4 2020 compared to Q4 2019, but is focused on strategic transformation and growth in 2021. Total revenues were $150.0 million, a 23.2% decrease, and GAAP net income was $6.0 million, a 39.8% decrease. The company is executing a multi-year business transformation plan with new business development initiatives and product/service line expansions.

VSE Corporation announced its Q3 2020 results, with total revenues declining by 16.5% to $165.5 million compared to the same period in 2019. GAAP Net Income decreased to $8.1 million, and Adjusted EBITDA declined to $18.0 million. However, the company generated $11.3 million in free cash flow and reduced total debt by $10.4 million during the quarter. The Aviation segment reported quarter-over-quarter revenue growth, and the Fleet segment saw a significant increase in commercial sales.

VSE Corporation reported a decrease in total revenue by 10.8% compared to Q2 2019, with a GAAP net loss of $22.6 million. The company faced challenges due to the COVID-19 pandemic, particularly impacting the Aviation segment. However, strategic actions, including cost reductions and new business development, are expected to contribute to positive adjusted net income and free cash flow for the full year.

VSE Corporation reported a decrease in GAAP net income and EPS, but an increase in adjusted net income, adjusted EPS, and adjusted EBITDA. Total revenue increased by 4.4%. The company is managing the impact of COVID-19 and expects to be profitable and free cash flow positive for the full year.

VSE Corporation reported a 7.9% increase in total revenues and an 8.1% increase in net income for Q4 2019, driven by growth in the Aviation and Supply Chain Management Group, which offset a decline in the Federal Services Group. The company's EPS also increased by 7.1% compared to the same period in the previous year.