STOCK TITAN

VSE Corp - VSEC STOCK NEWS

Welcome to our dedicated page for VSE news (Ticker: VSEC), a resource for investors and traders seeking the latest updates and insights on VSE stock.

VSE Corporation (VSEC) is a diverse and dynamic company specializing in providing high-quality aftermarket products and services. VSE stands out by focusing on creating, sustaining, and improving the systems, equipment, and processes of its customers, which include commercial and government markets. The company’s core competencies include supply chain management, legacy systems sustainment, maintenance, repair, and overhaul (MRO), obsolescence management, prototyping, reverse engineering, technology insertion, foreign military sales, management consulting, and process improvement.

Key Operations:

  • Supply Chain Management: VSE offers comprehensive solutions to enhance customers' supply chains, ensuring efficiency and reliability.
  • Maintenance, Repair, and Overhaul (MRO): The company provides critical MRO services for various sectors, including vehicle fleets, aviation, and maritime operations.
  • Parts Distribution: VSE is a leading provider of aftermarket parts distribution, particularly in the aviation sector, supporting commercial, business, and general aviation operators.
  • Consulting Services: Management consulting and process improvement services help clients optimize their operational efficiency and effectiveness.

Segments and Financial Health:

VSE operates primarily through two reportable segments: Aviation and Fleet. The Aviation segment, which generates the majority of the company’s revenue, provides aftermarket parts distribution and MRO services for components and engine accessories. These services are essential for commercial, business, and general aviation operators. The Fleet segment supports a wide range of vehicle fleets, offering MRO, parts supply, and distribution services.

Nationwide and Global Presence:

VSE leverages a nationwide network of local offices, giving it unmatched access to a spectrum of corporate resources and services across diversified engineering, logistics, management, and information technology disciplines. The company's global reach is further extended through its foreign military sales and international partnerships.

Recent Achievements and Projects:

VSE continues to excel through its talented team of professionals who are dedicated to maintaining and modernizing products, equipment, and systems. The company's recent projects and achievements include significant advancements in technology insertion, successful reverse engineering initiatives, and the implementation of comprehensive obsolescence management strategies.

Driven by principles of integrity, honesty, and self-governance, VSE Corporation continues to deliver high-quality, cost-effective solutions that meet the evolving needs of its diverse customer base.

Rhea-AI Summary
VSE has completed the acquisition of Turbine Controls, Inc., enhancing its OEM authorized repair capabilities in the high-growth MRO aviation market. The acquisition will accelerate VSE's MRO strategy, expand repair capability offerings, and strengthen its position in the commercial engine MRO aftermarket. The deal was valued at approximately $120 million, with $110 million in cash and $10 million in common shares.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.12%
Tags
-
Rhea-AI Summary
VSE (NASDAQ: VSEC) will release its first quarter 2024 results on May 8, 2024, followed by a conference call on May 9, 2024, to discuss financial performance and events. Investors can access the webcast and presentation materials on VSE's Investor Relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.71%
Tags
-
Rhea-AI Summary
VSE Corporation (VSEC) declares a regular quarterly cash dividend of $0.10 per share for stockholders, payable on May 16, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.98%
Tags
dividends
Rhea-AI Summary
VSE Corporation (VSEC) reports record revenue and profitability for its Aviation segment in the fourth quarter and full year 2023. The company's strong financial performance is attributed to above-market revenue growth, improved profitability, and strategic acquisitions. VSE is well-positioned for growth in 2024 with new investments, acquisitions, and a focus on execution.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.01%
Tags
-
Rhea-AI Summary
VSE Corporation announces strategic actions to enhance its Aviation aftermarket position, including acquiring Turbine Controls Inc., divesting the Federal & Defense segment, and exploring strategic alternatives for the Fleet segment. Preliminary financial results for Q4 2023 and full-year 2023 are provided, along with guidance for full-year 2024. The company plans to update details during an upcoming earnings call on March 7, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.79%
Tags
none
-
Rhea-AI Summary
VSE Corporation (NASDAQ: VSEC) will release its fourth quarter and full-year 2023 results on March 6, 2024, followed by a conference call on March 7, 2024, to discuss financial results and events.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.96%
Tags
Rhea-AI Summary
VSE Corporation (VSEC) declares a regular quarterly cash dividend of $0.10 per share of VSE common stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.14%
Tags
dividends
-
Rhea-AI Summary
VSE Corporation (NASDAQ: VSEC) announces plans to open a new European distribution center in Hamburg, Germany. The VSE Aviation segment has secured 6 new distribution agreements worth approximately $750 million. The agreements, expected to start in Q1 2024, range from 1 to 15 years. The company also plans to open a 45,000 square foot distribution facility in Hamburg in Q1 2023. This move aims to expand global coverage and support for commercial and business aviation distribution aftermarket product lines, including tire, tube, and battery product lines associated with the Desser Aerospace acquisition.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.82%
Tags
none
-
Rhea-AI Summary
VSE Corporation, a leading provider of aftermarket distribution and MRO services, reported record revenue and profitability for its Aviation segment in the third quarter of 2023. Total revenues increased by 38.2% to $231.4 million, GAAP net income increased by 57.3% to $12.1 million, and adjusted EBITDA increased by 55.6% to $32.3 million. The company raised its full-year revenue guidance for the Aviation segment and expects positive cash flow to accelerate in the fourth quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.29%
Tags
Rhea-AI Summary
VSE Corporation to release Q3 2023 results and hold conference call on November 1st and 2nd
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.59%
Tags

FAQ

What is the current stock price of VSE (VSEC)?

The current stock price of VSE (VSEC) is $99.48 as of December 20, 2024.

What is the market cap of VSE (VSEC)?

The market cap of VSE (VSEC) is approximately 2.0B.

What does VSE Corporation specialize in?

VSE Corporation specializes in aftermarket products and services, including supply chain management, MRO, parts distribution, and consulting services for various sectors such as aviation, fleet, and maritime.

What are the main segments of VSE Corporation?

VSE Corporation operates through two main segments: Aviation and Fleet. The Aviation segment is the largest revenue generator, providing aftermarket parts distribution and MRO services.

How does VSE Corporation support its customers?

VSE supports its customers by maintaining and modernizing their products, equipment, and systems through services such as supply chain management, MRO, prototyping, reverse engineering, and technology insertion.

Where does VSE Corporation operate?

VSE has a nationwide network of local offices in the United States and extends its reach globally through foreign military sales and international partnerships.

What industries does VSE Corporation serve?

VSE serves a wide range of industries, including commercial and general aviation, government and defense, maritime, and vehicle fleet operations.

What recent achievements has VSE Corporation made?

Recent achievements include advancements in technology insertion, reverse engineering initiatives, and effective obsolescence management strategies.

What are VSE Corporation's core values?

VSE's core values include integrity, honesty, and self-governance, which guide the company in delivering high-quality, cost-effective solutions.

How does VSE Corporation ensure the quality of its services?

VSE ensures quality through the expertise of its talented professionals, comprehensive solutions, and adherence to its core values and management principles.

What is the significance of the Aviation segment to VSE Corporation?

The Aviation segment is significant as it generates the majority of VSE's revenue, providing essential aftermarket parts distribution and MRO services.

How does VSE Corporation contribute to supply chain management?

VSE contributes by offering comprehensive supply chain management solutions that enhance efficiency and reliability for its customers.

VSE Corp

Nasdaq:VSEC

VSEC Rankings

VSEC Stock Data

2.05B
19.94M
2.29%
92.2%
7.45%
Aerospace & Defense
Services-engineering Services
Link
United States of America
MIRAMAR