Vse Corp Stock Price, News & Analysis

VSE Corporation (NASDAQ: VSEC) will announce its first quarter 2023 results on May 1, 2023, after market close. A conference call to discuss the results will take place on May 2, 2023, at 8:30 AM ET. Investors can access the call via the Investor Relations section of VSE’s website. The company provides aftermarket distribution and maintenance, repair, and overhaul (MRO) services for transportation assets. VSE serves both commercial and government markets, focusing on land, sea, and air transportation. Its key services include MRO, parts distribution, logistics, and consulting. VSE is committed to transparency and will provide a replay of the teleconference until May 16, 2023. For additional information, visit www.vsecorp.com.

VSE Corporation (NASDAQ: VSEC) has appointed Michael Perlman as the new Vice President of Investor Relations and Communications. With over 20 years of experience in investor relations and corporate communications, Perlman previously served as Executive Vice President at Jushi Holdings Inc. and held positions at KLX Inc. and KLX Energy Services. His role will focus on enhancing the company’s communication with the investment community and driving shareholder value as VSE executes its growth and business transformation strategies. Management believes Perlman’s expertise will be crucial for effectively conveying VSE's strategic vision and operational achievements.

VSE Corporation (NASDAQ: VSEC) has announced a regular quarterly cash dividend of $0.10 per share, scheduled for payment on May 17, 2023. Shareholders of record as of May 3, 2023 will be eligible to receive this dividend. The company, which specializes in aftermarket distribution and MRO services for various transportation assets, aims to support both commercial and government markets. VSE provides a range of services including parts distribution, logistics, and engineering support, contributing to its reputation in the sector.

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 (NASDAQ: VSEC) announced it will release its fourth quarter and full-year 2022 results after market close on March 8, 2023. A conference call to discuss these results and recent events will take place on March 9, 2023, at 8:30 A.M. ET. Investors can access a webcast of the call on VSE’s Investor Relations page. The company provides aftermarket distribution and maintenance services for land, sea, and air transportation assets, supporting both commercial and government sectors.

For more details, visit VSE's website.

VSE Corporation (NASDAQ: VSEC) has acquired Precision Fuel Components, LLC in an all-cash transaction, which is immediately accretive to its Aviation segment. Founded in 2001, Precision Fuel specializes in MRO services for the business and general aviation market. The acquisition aims to expand VSE's distribution and MRO capabilities, enhance customer acquisition, and position VSE as a consolidator in the fragmented B&GA services industry. Precision Fuel's established relationships and expertise will complement VSE's offerings, contributing to a more robust service portfolio for B&GA and rotorcraft markets.