Welcome to our dedicated page for VSE news (Ticker: VSE), a resource for investors and traders seeking the latest updates and insights on VSE stock.
VSE Corporation (VSE: VSE) delivers essential industrial supply chain solutions and MRO services across critical sectors. This news hub provides investors and industry professionals with centralized access to official announcements and market-moving developments.
Track verified updates including earnings reports, strategic partnerships, leadership changes, and operational milestones. Our curated collection eliminates fragmented research by consolidating press releases, regulatory filings, and third-party analyses specific to VSE's diversified business model.
Key updates cover supply chain innovations, distribution network expansions, and service portfolio enhancements. Users gain insights into how VSE addresses industrial operational challenges through its integrated solutions approach.
Bookmark this page for streamlined monitoring of VSE's market position and industry impact. Combine regular visits with our historical archive to identify performance patterns and strategic direction.
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 has announced the opening of a new 450,000 square-foot distribution and e-commerce fulfillment center near Memphis, Tennessee, which will double its Fleet segment warehouse capacity.
The facility aims to enhance delivery speed and service for aftermarket products, supporting an anticipated incremental revenue of
VSE Corporation (NASDAQ: VSEC) reported a strong Q3 2022, with total revenues of $242.5 million, a 21% increase year-over-year. GAAP net income decreased 4% to $9.4 million, while adjusted EBITDA rose 12% to $24.0 million. The Aviation segment achieved a 40% revenue increase, and the Fleet segment saw 23% growth in commercial revenue. VSE also secured new agreements valued at approximately $350 million to enhance its market presence and announced a new distribution facility in Memphis to support commercial demand.
