Vse Corp Stock Price, News & Analysis

VSE Corporation (NASDAQ: VSEC) will celebrate its 40th anniversary of trading on NASDAQ by ringing the opening bell on September 19, 2022. The ceremony, attended by President and CEO John Cuomo and other leaders, highlights VSE's growth to a market leader in aftermarket services for transportation assets, serving over 5,000 customers globally. The company emphasizes customer service and innovative solutions as it looks to the future. For more details, visit VSE's website.

VSE Corporation (NASDAQ: VSEC) announced a 38% increase in total revenues for Q2 2022, reaching $241.7 million, and marked its first-ever quarter exceeding $105 million in Aviation revenue, a 121% growth year-over-year. GAAP net income improved to $7.5 million from a loss of $12.4 million in Q2 2021. Adjusted EBITDA grew 21% to $22.9 million, while aviation segment's adjusted EBITDA surged 198%. Despite positive growth, bookings decreased 9% year-to-date, impacting funded backlog.

VSE Corporation (NASDAQ: VSEC) has declared a quarterly cash dividend of $0.10 per share, payable on November 16, 2022, to stockholders of record as of November 2, 2022. This announcement reflects the company's ongoing commitment to returning value to its shareholders amidst its operations in aftermarket distribution and MRO services for transportation assets in government and commercial markets.

VSE Corporation (NASDAQ: VSEC) announced the appointment of Anita D. Britt and Lloyd E. Johnson as new independent directors effective July 19, 2022. This move is part of the company's succession planning amidst potential retirements of current board members. Both directors bring extensive experience in finance and corporate governance, aimed at enhancing the board's diversity and expertise. The board will consist of nine members, with eight being independent and four representing diverse backgrounds.

VSE Corporation (NASDAQ: VSEC) will announce its second quarter 2022 results after market close on July 27, 2022. A conference call is scheduled for July 28, 2022, at 8:30 A.M. ET, to discuss financial results and recent events. Investors can access the call live by calling (877) 407-0789 (Domestic) or (201) 689-8562 (International). A replay will be available until August 11, 2022. VSE Corporation specializes in aftermarket distribution and MRO services for land, sea, and air assets in government and commercial markets.

VSE Corporation (NASDAQ: VSEC) has declared a quarterly cash dividend of $0.10 per share, payable on July 27, 2022. Stockholders of record will be those holding shares at the close of business on July 13, 2022. VSE specializes in aftermarket distribution and MRO services for various transportation assets, catering to both government and commercial markets.

VSE Corporation (NASDAQ: VSEC) reported a strong first quarter 2022, with total revenues of $231.2 million, a 40.2% increase year-over-year. Net income rose by 22.2% to $6.2 million. The aviation segment led growth with a remarkable 110.2% revenue increase to $93.3 million, driven by market share gains and recovery in commercial aviation. Adjusted EBITDA reached $22.2 million, reflecting a 42.9% growth. However, the Federal & Defense segment faced challenges with a $3.5 million provision for a contract loss. The company continues to focus on strategic growth initiatives across its segments.

VSE Corporation (NASDAQ: VSEC) will release its first quarter 2022 results on April 27, 2022, after market close. Following this, a conference call is scheduled for April 28, 2022, at 8:30 A.M. ET to discuss the financial results and recent developments. Interested parties can access the live webcast and presentation materials on VSE’s Investor Relations website. Replays of the teleconference will be available until May 12, 2022.

VSE Corporation (NASDAQ: VSEC) reported strong financial results for Q4 and the full year 2021, highlighting a 40.1% revenue increase to $210.2 million and a net income rise of 3.1% to $6.2 million. The adjusted net income reached $6.8 million, marking a 17% increase. The Aviation segment saw remarkable growth, with revenue up 115% year-over-year, contributing to a solid performance. The company ended 2021 with $122 million in liquidity and generated $10 million in free cash flow, setting a positive outlook for further growth in 2022.