Welcome to our dedicated page for VSE news (Ticker: VSE), a resource for investors and traders seeking the latest updates and insights on VSE stock.
VSE Corporation (NASDAQ: VSEC) regularly issues detailed news updates that focus on its aviation aftermarket distribution and repair activities, financial performance, and strategic portfolio changes. Company releases highlight quarterly and annual results, with management commentary linking aviation revenue growth and profitability to execution on distribution awards, expansion of maintenance, repair and overhaul (MRO) capabilities, and contributions from acquisitions.
Investors following VSE news can expect recurring coverage of quarterly earnings, including revenue trends, operating income, Adjusted EBITDA, and guidance for the Aviation segment. These updates often discuss working capital, free cash flow, leverage metrics, and changes to revenue and margin expectations for the aviation platform.
VSE’s news flow also emphasizes strategic actions such as the sale of the Federal and Defense Services segment, the divestiture of the Fleet segment, and aviation‑focused acquisitions including Desser Aerospace, Turbine Controls Inc. (TCI), Kellstrom Aerospace, and Turbine Weld Industries. Releases describe how these transactions support the company’s transformation into a pure‑play aviation aftermarket parts and services provider.
Additional announcements cover program awards and OEM agreements, including multi‑year distribution contracts with Pratt & Whitney Canada, Honeywell, and other manufacturers, as well as new distribution programs for tires, batteries, and specialized components. Operational updates, such as the opening of a European distribution center in Hamburg, Germany, expansion of OEM‑licensed manufacturing in Kansas, and the launch of aviation e‑commerce capabilities, are also common themes.
For readers tracking VSEC, this news stream provides insight into how VSE is executing its aviation strategy, integrating acquisitions, and managing its balance sheet while focusing on aftermarket distribution, MRO services, and OEM‑backed programs.
VSE Corporation (NASDAQ: VSEC) reported a strong performance for Q4 and full year 2022, with total revenues of $234.3 million, an 11% increase year-over-year. Full-year revenues reached $949.8 million, up 26%. However, GAAP net income for Q4 fell to $4.8 million, a 22% decline, while adjusted EPS increased by 28% to $0.68. The Aviation segment saw a remarkable 30% revenue growth in Q4 and is set to benefit from the acquisition of Precision Fuel Components. A new distribution center in Memphis is expected to add $50 million in sales in 2023. Despite increases in debt, the company reduced its net leverage ratio significantly, indicating strong operational cash flow and a focus on disciplined capital allocation.
VSE Corporation has announced the opening of a new 450,000 square-foot distribution and e-commerce fulfillment center near Memphis, Tennessee, which will double its Fleet segment warehouse capacity.
The facility aims to enhance delivery speed and service for aftermarket products, supporting an anticipated incremental revenue of
VSE Corporation (NASDAQ: VSEC) reported a strong Q3 2022, with total revenues of $242.5 million, a 21% increase year-over-year. GAAP net income decreased 4% to $9.4 million, while adjusted EBITDA rose 12% to $24.0 million. The Aviation segment achieved a 40% revenue increase, and the Fleet segment saw 23% growth in commercial revenue. VSE also secured new agreements valued at approximately $350 million to enhance its market presence and announced a new distribution facility in Memphis to support commercial demand.
VSE Corporation (NASDAQ: VSEC) announced four major distribution agreements via its VSE Aviation segment worth approximately $350 million. These contracts, ranging from 2 to 15 years, are set to begin in early 2023. Significant agreements include a 15-year partnership with Pratt & Whitney Canada for the Asia Pacific region and a 5-year exclusive distribution deal for fuselage mounted antenna systems in Europe, the Middle East, Africa, and India. These agreements strengthen VSE's position in the aviation market and enhance its long-term revenue potential.
VSE Corporation (NASDAQ: VSEC) has amended and extended its existing credit facility, improving its financial flexibility. Key changes include:
- Increased borrowing capacity from $49 million to $100 million.
- Revolving credit facility capacity remains at $350 million.
- Maturity extended to October 2025.
- Reduced quarterly amortization payments from $3.8 million to $2.5 million.
- Transition to SOFR benchmark rate with a 0.00% floor.
- Increased maximum total leverage ratio from 4.25x to 4.50x, decreasing to 3.50x by October 2024.
VSE Corporation (NASDAQ: VSEC) will celebrate its 40th anniversary of trading on NASDAQ by ringing the opening bell on September 19, 2022. The ceremony, attended by President and CEO John Cuomo and other leaders, highlights VSE's growth to a market leader in aftermarket services for transportation assets, serving over 5,000 customers globally. The company emphasizes customer service and innovative solutions as it looks to the future. For more details, visit VSE's website.
VSE Corporation (NASDAQ: VSEC) announced a 38% increase in total revenues for Q2 2022, reaching $241.7 million, and marked its first-ever quarter exceeding $105 million in Aviation revenue, a 121% growth year-over-year. GAAP net income improved to $7.5 million from a loss of $12.4 million in Q2 2021. Adjusted EBITDA grew 21% to $22.9 million, while aviation segment's adjusted EBITDA surged 198%. Despite positive growth, bookings decreased 9% year-to-date, impacting funded backlog.
VSE Corporation (NASDAQ: VSEC) announced the appointment of Anita D. Britt and Lloyd E. Johnson as new independent directors effective July 19, 2022. This move is part of the company's succession planning amidst potential retirements of current board members. Both directors bring extensive experience in finance and corporate governance, aimed at enhancing the board's diversity and expertise. The board will consist of nine members, with eight being independent and four representing diverse backgrounds.
VSE Corporation (NASDAQ: VSEC) reported a strong first quarter 2022, with total revenues of $231.2 million, a 40.2% increase year-over-year. Net income rose by 22.2% to $6.2 million. The aviation segment led growth with a remarkable 110.2% revenue increase to $93.3 million, driven by market share gains and recovery in commercial aviation. Adjusted EBITDA reached $22.2 million, reflecting a 42.9% growth. However, the Federal & Defense segment faced challenges with a $3.5 million provision for a contract loss. The company continues to focus on strategic growth initiatives across its segments.
VSE Corporation (NASDAQ: VSEC) reported strong financial results for Q4 and the full year 2021, highlighting a 40.1% revenue increase to $210.2 million and a net income rise of 3.1% to $6.2 million. The adjusted net income reached $6.8 million, marking a 17% increase. The Aviation segment saw remarkable growth, with revenue up 115% year-over-year, contributing to a solid performance. The company ended 2021 with $122 million in liquidity and generated $10 million in free cash flow, setting a positive outlook for further growth in 2022.
