Vse Corp Stock Price, News & Analysis

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) will announce its second quarter 2022 results after market close on July 27, 2022. A conference call is scheduled for July 28, 2022, at 8:30 A.M. ET, to discuss financial results and recent events. Investors can access the call live by calling (877) 407-0789 (Domestic) or (201) 689-8562 (International). A replay will be available until August 11, 2022. VSE Corporation specializes in aftermarket distribution and MRO services for land, sea, and air assets in government and commercial markets.

VSE Corporation (NASDAQ: VSEC) has declared a quarterly cash dividend of $0.10 per share, payable on July 27, 2022. Stockholders of record will be those holding shares at the close of business on July 13, 2022. VSE specializes in aftermarket distribution and MRO services for various transportation assets, catering to both government and commercial markets.

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) will release its first quarter 2022 results on April 27, 2022, after market close. Following this, a conference call is scheduled for April 28, 2022, at 8:30 A.M. ET to discuss the financial results and recent developments. Interested parties can access the live webcast and presentation materials on VSE’s Investor Relations website. Replays of the teleconference will be available until May 12, 2022.

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.

VSE Corporation (NASDAQ: VSEC) has declared a quarterly cash dividend of $0.10 per share of common stock. This dividend is scheduled for payment on May 18, 2022 to stockholders on record as of May 4, 2022. VSE is a provider of aftermarket distribution and maintenance, repair and overhaul (MRO) services across various transportation sectors for government and commercial markets.

VSE Corporation (NASDAQ: VSEC) has secured a 12-month contract valued at approximately $100 million from Naval Sea Systems Command (NAVSEA). This contract enables VSE to provide Foreign Military Sales Follow-on Technical Support, aiding foreign navies with lifecycle optimization, integration support, and supply chain distribution. With over 25 years of partnership, VSE is recognized for its expertise in supporting the U.S. Navy and its allies. This contract enhances VSE's position in global ship repair and logistics services.

VSE Corporation (NASDAQ: VSEC) will release its fourth quarter and full-year 2021 financial results after the market closes on March 9, 2022. A conference call is scheduled for March 10, 2022, at 8:30 A.M. ET to discuss these results, recent events, and a Q&A session. Investors can access the webcast via VSE's Investor Relations website. Additionally, replay of the teleconference will be available until March 24, 2022.

VSE specializes in aftermarket distribution and MRO services for transportation assets, catering to government and commercial sectors.