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VSE Corp. - VSEC STOCK NEWS

Welcome to our dedicated news page for VSE (Ticker: VSEC), a resource for investors and traders seeking the latest updates and insights on VSE.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect VSE's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of VSE's position in the market.

Rhea-AI Summary
VSE Corporation (VSEC) declares a regular quarterly cash dividend of $0.10 per share for stockholders, payable on May 16, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.98%
Tags
dividends
-
Rhea-AI Summary
VSE Corporation (VSEC) reports record revenue and profitability for its Aviation segment in the fourth quarter and full year 2023. The company's strong financial performance is attributed to above-market revenue growth, improved profitability, and strategic acquisitions. VSE is well-positioned for growth in 2024 with new investments, acquisitions, and a focus on execution.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.01%
Tags
earnings
-
Rhea-AI Summary
VSE Corporation announces strategic actions to enhance its Aviation aftermarket position, including acquiring Turbine Controls Inc., divesting the Federal & Defense segment, and exploring strategic alternatives for the Fleet segment. Preliminary financial results for Q4 2023 and full-year 2023 are provided, along with guidance for full-year 2024. The company plans to update details during an upcoming earnings call on March 7, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.79%
Tags
none
Rhea-AI Summary
VSE Corporation (NASDAQ: VSEC) will release its fourth quarter and full-year 2023 results on March 6, 2024, followed by a conference call on March 7, 2024, to discuss financial results and events.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.96%
Tags
earnings
-
Rhea-AI Summary
VSE Corporation (VSEC) declares a regular quarterly cash dividend of $0.10 per share of VSE common stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.14%
Tags
dividends
-
Rhea-AI Summary
VSE Corporation (NASDAQ: VSEC) announces plans to open a new European distribution center in Hamburg, Germany. The VSE Aviation segment has secured 6 new distribution agreements worth approximately $750 million. The agreements, expected to start in Q1 2024, range from 1 to 15 years. The company also plans to open a 45,000 square foot distribution facility in Hamburg in Q1 2023. This move aims to expand global coverage and support for commercial and business aviation distribution aftermarket product lines, including tire, tube, and battery product lines associated with the Desser Aerospace acquisition.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.82%
Tags
none
Rhea-AI Summary
VSE Corporation, a leading provider of aftermarket distribution and MRO services, reported record revenue and profitability for its Aviation segment in the third quarter of 2023. Total revenues increased by 38.2% to $231.4 million, GAAP net income increased by 57.3% to $12.1 million, and adjusted EBITDA increased by 55.6% to $32.3 million. The company raised its full-year revenue guidance for the Aviation segment and expects positive cash flow to accelerate in the fourth quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.29%
Tags
earnings
-
Rhea-AI Summary
VSE Corporation to release Q3 2023 results and hold conference call on November 1st and 2nd
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.59%
Tags
earnings
-
Rhea-AI Summary
VSE Aviation expands Honeywell relationship with new agreement to manufacture, repair, and sell over 300 unique Honeywell fuel control systems and subcomponents.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.43%
Tags
none
Rhea-AI Summary
VSE Corporation terminates agreement to sell VSE Federal and Defense segment to Bernhard Capital Partners. No termination fee required. VSE intends to pursue divestiture to accelerate growth strategies. Strong earnings and revenue growth in Aviation and Fleet segments. Third quarter results to be announced soon.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.28%
Tags
none
VSE Corp.

Nasdaq:VSEC

VSEC Rankings

VSEC Stock Data

1.26B
13.43M
3.2%
93.02%
3.49%
Engineering Services
Professional, Scientific, and Technical Services
Link
US
Alexandria

About VSEC

vse is a broadly diversified company focused on creating, sustaining, and improving the systems, equipment, and processes of our customers through core competencies in supply chain management, legacy systems sustainment, maintenance, repair, and overhaul (mro), obsolescence management, prototyping, reverse engineering, technology insertion, foreign military sales, management consulting, and process improvement. vse’s strength lies in the talented professionals who support our customers in maintaining and modernizing products, equipment, and systems. our nationwide network of local offices provides access to a spectrum of corporate resources and services in diversified engineering, logistics, management, and information technology disciplines. we combine their individual skills, experience, and motivation with corporate resources, technology, teamwork, and the management principles of integrity, honesty, and self-governance to deliver high quality, cost-effective solutions to a global c