T. Rowe Price Investment Management, Inc. reports beneficial ownership of VSE Corp common stock on an amended Schedule 13G. The firm reports beneficial ownership of 2,327,292 shares of common stock, representing 8.2% of the class. It has sole power to vote 2,324,452 shares and sole power to dispose of 2,327,292 shares, with no shared voting or dispositive power. T. Rowe Price Investment Management states that this filing should not be construed as an admission that it is the beneficial owner of these securities, and such beneficial ownership is expressly denied.
VSE Corp director Mark E. Ferguson III reported two bona fide gift transfers of VSE common stock on August 11, 2026, between family revocable trusts associated with him and his spouse. One trust transferred 350 shares at no consideration to another, leaving 17,205 shares held indirectly in the transferring trust and 350 shares held indirectly in the receiving trust. The filing affirms these transactions occurred under a Rule 10b5-1 trading plan, and both trusts list the reporting person’s two children as sole beneficiaries.
VSE Corporation’s Board of Directors has declared a regular quarterly cash dividend of $0.10 per share of common stock. The dividend is payable on October 29, 2026 to stockholders of record at the close of business on October 15, 2026. The Board approved this dividend on August 4, 2026 and the company announced it on August 6, 2026.
VSE, headquartered in Miramar, Florida, provides aviation aftermarket distribution and maintenance, repair, and overhaul services for commercial and business and general aviation customers.
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.