VSE Corporation filings document an aviation aftermarket business focused on distribution and repair services, along with the capital structure used to support that platform. The company’s 8-K filings cover operating results, dividend declarations, material agreements, the completed Precision Aviation Group acquisition, tangible equity unit issuance, and related financing arrangements.
VSEC regulatory records also include proxy and shareholder-vote disclosures covering director elections, auditor ratification, executive compensation, governance matters, and annual meeting results. Exchange Act filings identify VSE common stock and 5.750% tangible equity units as Nasdaq-listed securities under VSEC and VSECU.
VSE Corporation reported strong aviation-focused results for the quarter ended June 30, 2026. Revenues were $449,137 (in thousands), a 65% year-over-year increase, driven by higher commercial demand and acquisitions. Repair revenue rose 149% and distribution revenue 17%. Net income from continuing operations was $28,523 (in thousands), up 109% year-over-year; for the first half of 2026 it reached $57,578 (in thousands).
The company transformed its scale with the May 5, 2026 acquisition of Precision Aviation Group for total preliminary consideration of $2,020,007 (in thousands), including cash, equity and an earn-out obligation of $33,850 (in thousands) with potential additional payments up to $125,000 (in thousands). Earlier acquisitions of NorthStar and Aero 3 further expanded MRO and distribution capabilities.
To fund this growth, VSE completed February 2026 offerings of common stock and 5.750% tangible equity units, generating approximately $1.3 billion in net proceeds, and entered a new $900,000 (in thousands) Term Loan B plus a $500,000 (in thousands) revolver. Total assets rose to $4,397,406 (in thousands), and goodwill to $1,810,424 (in thousands). Operating cash flow for the first half was a use of $34,707 (in thousands), reflecting heavy investment in inventory and integration.
VSE Corporation reported a very strong second quarter 2026, driven by large aviation aftermarket acquisitions and solid organic growth. Revenue from continuing operations rose to $449.1 million, up 65.0% year over year, with organic revenue growth of approximately 14%. GAAP net income from continuing operations was $28.5 million, up 109.1%, and diluted EPS reached $0.91, up 37.9%.
Adjusted EBITDA from continuing operations increased 98.0% to a record $86.0 million, with Adjusted EBITDA margin improving to 19.2%, up about 320 basis points. The company completed its largest-ever deal, acquiring Precision Aviation Group for about $2.025 billion, and also closed the NorthStar acquisition, significantly expanding scale and capabilities. VSE generated second-quarter operating cash flow of $27.6 million and free cash flow of $18.7 million. Net debt stood at $871.6 million with an Adjusted net leverage ratio of about 2.4x. Based on first-half performance and integration progress, VSE raised full-year 2026 guidance to revenue growth of 61%–64% and Adjusted EBITDA margin of 18.7%–19.0%.
Vanguard Capital Management reports a significant ownership stake in VSE Corp common stock on a Schedule 13G. Vanguard and certain affiliated entities collectively beneficially own 1,454,475 shares, representing 5.18% of the class.
Vanguard has sole power to vote or direct the vote over 212,285 shares and sole power to dispose or direct the disposition of 1,454,475 shares, with no shared voting or dispositive power. The holdings include securities held by various Vanguard funds and managed accounts over which Vanguard entities exercise dispositive and/or voting power. Vanguard and related investment companies and accounts have the right to receive dividends and sale proceeds from these securities, but no other individual person’s interest exceeds 5% of the class.
VSE Corp director Mark E. Ferguson III reported a bona fide gift of 133 shares of common stock on July 20, 2026, transferring them for no consideration from his direct holdings to the Mark E. Ferguson III Revocable Trust. After the transfer, he reports 0 shares held directly and 17,555 shares held indirectly through the trust, where he and his spouse are co-trustees and their two children are sole beneficiaries. The transactions are reported under a Rule 10b5-1 trading arrangement.
VSE CORP Chief Operating Officer Thomas Benjamin E. acquired 69 shares of common stock on June 30, 2026 at $159.5616 per share. The shares were obtained through the VSE Corporation 2021 Employee Stock Purchase Plan and are exempt under Rule 16b-3(c). Following this transaction, he directly holds 42,908 shares of VSE common stock.
EBERHART RALPH E reported acquisition or exercise transactions in this Form 4 filing.
VSE CORP director Ralph E. Eberhart received 60 shares of common stock as part of his quarterly cash retainer for board service. The shares were issued at a reference value of $198.55 per share. After this compensation-related grant, he directly holds 47,447 shares of VSE CORP common stock.
VSE CORP director Mark E. Ferguson III received a stock grant of 133 shares of common stock at $198.55 per share. The filing describes this as shares issued for the quarterly cash retainer for service as a director, meaning it is compensation rather than an open-market purchase.
After the grant, Ferguson directly holds 133 shares. A separate entry shows 17,422 shares of common stock held indirectly through the Mark E. Ferguson III Revocable Trust. The filing reports no option exercises, sales, or other derivative transactions.
VSE CORP Chief Operating Officer Thomas Benjamin E. reported an open-market sale of 6,500 shares of Common Stock on June 12, 2026, at a weighted average price of $196.82 per share.
The shares were sold in multiple trades between $195.85 and $197.46. After this transaction, he directly holds 42,839 shares of VSE CORP common stock.
VSEC filed a Form 144 reporting proposed sales of Common Stock by the issuer related to restricted stock units. The notice lists multiple proposed dispositions with specific share counts and grant/acquisition dates, including transfers dated 03/11/2025 and 03/10/2025. The filing names Goldman Sachs & Co. LLC as broker-dealer and shows entries tied to compensation-acquired RSUs.
VSE CORP director Mark E. Ferguson III reported two bona fide gift transfers of common stock. On May 20, 2026, he recorded two gift transactions of 136 shares each of VSE common stock. After these moves, he holds 17,422 shares indirectly through the Mark E. Ferguson III Revocable Trust and no shares directly in his own name. The trust is co-managed by Ferguson and his spouse, and their two children are the sole beneficiaries, indicating this filing reflects estate and family planning rather than a market sale.