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Complete financial analysis of VSE Corporation (VSEC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of VSE Corporation, a leading company in the Aerospace & Defense industry within the Industrials sector.
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VSE Corporation (VSEC)
About VSE Corporation
VSE Corporation operates as a diversified aftermarket products and services company in the United States. The company operates through three segments: Aviation, Fleet, and Federal and Defense. The Aviation segment provides international parts supply and distribution, supply chain solutions, and component and engine accessory maintenance, repair, and overhaul (MRO) services. This segment serves commercial airlines, regional airlines, cargo transporters, MRO integrators and providers, aviation manufacturers, corporate and private aircraft owners, and fixed-base operators. The Fleet segment offers parts supply, inventory management, e-commerce fulfillment, logistics, and other services to assist aftermarket commercial and federal customers with their supply chain management. This segment also provides sale of vehicle parts and supply chain services to support client truck fleets, as well as sustainment solutions and managed inventory services to government and commercial truck fleets. The Federal and Defense segment offers aftermarket refurbishment and sustainment services to extend and maintain the life cycle of military vehicles, ships, and aircraft for the United States Department of Defense (DoD). This segment also provides foreign military sales services, engineering, logistics, maintenance, configuration management, prototyping, technology, and field support services to the DoD and other customers. In addition, this segment offers energy consulting services and IT solutions to various DoD, federal civilian agencies, and commercial clients. The company also provides vehicle and equipment maintenance and refurbishment, logistics, engineering support, energy services, and IT and health care IT solutions, as well as consulting services. VSE Corporation was incorporated in 1959 and is headquartered in Alexandria, Virginia.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 860.49M | 949.76M | 750.85M | 661.66M | 752.63M | 697.22M | 760.11M | 691.79M | 533.98M | 424.07M | 471.64M | 546.76M | 618.59M | 866.04M | 1.01B | 1.04B | 653.16M | 363.73M | 280.14M | 216.01M | 134.46M | 134.38M | 111.57M | 122.27M | 157.40M | 180.20M | 155.90M | 120.10M | 75.10M | 65.60M | 79.60M | 78.30M | 68.30M | 99.60M | 109.80M | 115.10M | 111.30M | 100.60M | 87.40M |
| Cost of Revenue | 764.87M | 871.83M | 707.23M | 586.27M | 668.86M | 624.96M | 687.34M | 617.59M | 480.16M | 383.00M | 424.25M | 490.69M | 576.65M | 825.62M | 974.90M | 1.01B | 629.35M | 350.98M | 269.78M | 209.84M | 130.90M | 132.31M | 109.99M | 118.37M | 150.80M | 174.40M | 152.50M | 114.60M | 70.20M | 60.40M | 74.60M | 72.70M | 64.70M | 95.70M | 105.50M | 109.70M | 96.50M | 88.50M | 78.30M |
| Gross Profit | 95.62M | 77.93M | 43.63M | 75.39M | 83.77M | 72.26M | 72.77M | 74.21M | 53.83M | 41.07M | 47.39M | 56.07M | 41.95M | 40.42M | 39.74M | 32.33M | 23.81M | 12.76M | 10.36M | 6.17M | 3.56M | 2.07M | 1.58M | 3.90M | 6.60M | 5.80M | 3.40M | 5.50M | 4.90M | 5.20M | 5.00M | 5.60M | 3.60M | 3.90M | 4.30M | 5.40M | 14.80M | 12.10M | 9.10M |
| Gross Profit Ratio | 11.11% | 8.21% | 5.81% | 11.39% | 11.13% | 10.36% | 9.57% | 10.73% | 10.08% | 9.68% | 10.05% | 10.25% | 6.78% | 4.67% | 3.92% | 3.10% | 3.65% | 3.51% | 3.70% | 2.86% | 2.65% | 1.54% | 1.42% | 3.19% | 4.19% | 3.22% | 2.18% | 4.58% | 6.52% | 7.93% | 6.28% | 7.15% | 5.27% | 3.92% | 3.92% | 4.69% | 13.30% | 12.03% | 10.41% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 237.00K | 239.00K | 700.00K | 800.00K | 900.00K | 500.00K | 800.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 3.92M | 5.16M | 3.63M | 3.12M | 4.19M | 3.71M | 2.43M | 6.61M | 3.29M | 4.14M | 3.29M | 3.97M | 5.27M | 2.20M | 1.26M | 1.19M | 1.51M | 695.00K | 580.00K | 636.00K | 352.00K | 328.00K | 237.00K | 239.00K | 700.00K | 800.00K | 900.00K | 500.00K | 800.00K | 1.60M | 1.80M | 2.00M | 0.00 | 0.00 | 0.00 | 0.00 | 9.50M | 5.10M | 4.00M |
| Other Expenses | 0.00 | 17.64M | 18.48M | 17.50M | 19.32M | 16.02M | 16.02M | 16.07M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.56M | 1.90M | 1.90M | 4.10M | 1.50M | 1.30M | 1.10M | 1.30M | 1.40M | 1.40M | 1.90M | 1.80M | 1.80M | 1.30M | 900.00K | 800.00K |
| Operating Expenses | 7.62M | 22.80M | 22.11M | 20.62M | 23.51M | 19.73M | 18.45M | 22.68M | 3.29M | 4.14M | 3.29M | 3.97M | 5.27M | 2.20M | 1.26M | 1.19M | 1.51M | 695.00K | 580.00K | 636.00K | 352.00K | 328.00K | 237.00K | 1.80M | 2.60M | 2.70M | 5.00M | 2.00M | 2.10M | 2.70M | 3.10M | 3.40M | 1.40M | 1.90M | 1.80M | 1.80M | 10.80M | 6.00M | 4.80M |
| Cost & Expenses | 772.49M | 894.63M | 729.33M | 606.90M | 692.37M | 644.69M | 705.79M | 640.26M | 483.44M | 387.14M | 427.54M | 494.65M | 581.91M | 827.82M | 976.16M | 1.01B | 630.86M | 351.67M | 270.36M | 210.48M | 131.25M | 132.63M | 110.23M | 120.18M | 153.40M | 177.10M | 157.50M | 116.60M | 72.30M | 63.10M | 77.70M | 76.10M | 66.10M | 97.60M | 107.30M | 111.50M | 107.30M | 94.50M | 83.10M |
| Interest Income | 0.00 | 17.89M | 12.07M | 13.50M | 13.83M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 23.00K | 99.00K | 556.00K | 0.00 | 0.00 | 427.00K | 210.00K | 0.00 | 69.00K | 0.00 | 0.00 | 98.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 31.08M | 17.89M | 12.07M | 13.50M | 13.83M | 8.98M | 9.24M | 9.86M | 9.54M | 3.98M | 5.79M | 7.22M | 3.71M | 279.00K | 436.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 23.42M | 24.60M | 25.60M | 24.14M | 26.93M | 25.22M | 25.88M | 26.05M | 25.54M | 18.77M | 20.02M | 21.16M | 15.10M | 8.94M | 7.62M | 5.44M | 3.46M | 1.88M | 1.42M | 1.32M | 1.18M | 1.41M | 1.37M | 1.56M | 1.90M | 1.90M | 4.10M | 1.50M | 1.30M | 1.10M | 1.30M | 1.40M | 1.40M | 1.90M | 1.80M | 1.80M | 1.30M | 900.00K | 800.00K |
| EBITDA | 111.41M | 78.21M | 21.52M | 78.90M | 87.18M | 77.75M | 80.21M | 77.58M | 76.08M | 55.70M | 64.12M | 73.26M | 51.78M | 47.15M | 46.22M | 36.57M | 25.77M | 13.94M | 11.20M | 6.94M | 4.39M | 4.08M | 2.72M | 3.66M | 5.90M | 5.00M | 2.50M | 5.00M | 4.10M | 3.60M | 3.20M | 3.60M | 3.60M | 3.90M | 4.30M | 5.40M | 5.30M | 7.00M | 5.10M |
| EBITDA Ratio | 12.95% | 8.50% | 6.28% | 11.92% | 11.58% | 11.15% | 10.55% | 11.21% | 14.25% | 13.13% | 13.59% | 13.40% | 8.37% | 5.46% | 4.54% | 2.98% | 3.95% | 3.83% | 4.00% | 3.17% | 3.27% | 2.78% | 2.44% | 2.99% | 4.70% | 2.77% | 1.60% | 4.16% | 5.46% | 5.49% | 4.02% | 4.60% | 8.64% | 3.92% | 3.92% | 4.69% | 4.94% | 7.26% | 6.18% |
| Operating Income | 88.00M | 55.13M | 21.52M | 54.76M | 60.26M | 54.23M | 54.33M | 51.53M | 50.54M | 36.93M | 44.10M | 51.08M | 36.68M | 38.21M | 38.48M | 31.13M | 22.31M | 12.06M | 9.78M | 5.53M | 3.21M | 1.75M | 1.35M | 2.09M | 4.00M | 3.10M | -1.60M | 3.50M | 2.80M | 2.50M | 1.90M | 2.20M | 2.20M | 2.00M | 2.50M | 3.60M | 4.00M | 6.10M | 4.30M |
| Operating Income Ratio | 10.23% | 5.80% | 2.87% | 8.28% | 8.01% | 7.78% | 7.15% | 7.45% | 9.46% | 8.71% | 9.35% | 9.34% | 5.93% | 4.41% | 3.79% | 2.98% | 3.42% | 3.32% | 3.49% | 2.56% | 2.39% | 1.30% | 1.21% | 1.71% | 2.54% | 1.72% | -1.03% | 2.91% | 3.73% | 3.81% | 2.39% | 2.81% | 3.22% | 2.01% | 2.28% | 3.13% | 3.59% | 6.06% | 4.92% |
| Total Other Income/Expenses | -31.08M | -17.89M | -12.07M | -13.50M | -13.83M | -8.98M | -9.24M | -9.86M | -9.54M | -3.98M | -5.79M | -7.22M | -3.71M | -180.00K | 120.00K | 115.00K | 699.00K | 428.00K | 210.00K | 102.00K | 69.00K | -24.00K | -49.00K | 98.00K | -1.60M | -400.00K | -400.00K | -600.00K | -200.00K | 100.00K | 0.00 | -100.00K | -2.60M | 100.00K | 0.00 | 0.00 | -100.00K | -300.00K | -300.00K |
| Income Before Tax | 56.91M | 37.25M | 9.45M | 427.00K | 46.43M | 45.25M | 45.09M | 41.67M | 41.00M | 32.95M | 38.31M | 43.85M | 32.97M | 38.03M | 38.60M | 31.25M | 23.01M | 12.49M | 9.99M | 5.94M | 3.28M | 1.15M | 1.30M | 2.19M | 2.40M | 2.70M | -2.00M | 2.90M | 2.70M | 2.60M | 1.90M | 2.10M | -400.00K | 2.10M | 2.50M | 3.60M | 3.90M | 5.80M | 4.00M |
| Income Before Tax Ratio | 6.61% | 3.92% | 1.26% | 0.06% | 6.17% | 6.49% | 5.93% | 6.02% | 7.68% | 7.77% | 8.12% | 8.02% | 5.33% | 4.39% | 3.80% | 2.99% | 3.52% | 3.43% | 3.57% | 2.75% | 2.44% | 0.85% | 1.16% | 1.79% | 1.52% | 1.50% | -1.28% | 2.41% | 3.60% | 3.96% | 2.39% | 2.68% | -0.59% | 2.11% | 2.28% | 3.13% | 3.50% | 5.77% | 4.58% |
| Income Tax Expense | 13.76M | 9.19M | 1.49M | 5.60M | 9.40M | 10.17M | 5.99M | 14.88M | 16.08M | 12.46M | 14.32M | 16.49M | 12.42M | 14.35M | 14.58M | 12.21M | 8.91M | 4.70M | 3.82M | 2.19M | 1.27M | 493.00K | 441.00K | 806.00K | 900.00K | 1.10M | -600.00K | 1.00M | 1.10M | 1.00M | 700.00K | 800.00K | 200.00K | 200.00K | 400.00K | 800.00K | 1.30M | 2.50M | 1.50M |
| Net Income | 39.13M | 28.06M | 7.97M | -5.17M | 37.02M | 35.08M | 39.10M | 26.79M | 24.92M | 19.37M | 22.85M | 21.29M | 20.55M | 23.69M | 24.02M | 19.04M | 14.10M | 7.79M | 6.17M | 3.44M | 2.01M | 652.00K | 855.00K | 968.00K | 1.50M | 1.60M | -1.40M | 1.70M | 1.60M | 1.60M | 1.50M | 2.10M | -4.70M | 1.90M | 2.10M | 2.80M | 2.60M | 3.30M | 2.50M |
| Net Income Ratio | 4.55% | 2.95% | 1.06% | -0.78% | 4.92% | 5.03% | 5.14% | 3.87% | 4.67% | 4.57% | 4.85% | 3.89% | 3.32% | 2.74% | 2.37% | 1.82% | 2.16% | 2.14% | 2.20% | 1.59% | 1.50% | 0.49% | 0.77% | 0.79% | 0.95% | 0.89% | -0.90% | 1.42% | 2.13% | 2.44% | 1.88% | 2.68% | -6.88% | 1.91% | 1.91% | 2.43% | 2.34% | 3.28% | 2.86% |
| EPS | 2.77 | 2.20 | 0.63 | -0.47 | 3.38 | 3.23 | 3.61 | 2.48 | 2.32 | 1.81 | 2.15 | 2.02 | 1.97 | 2.28 | 2.34 | 1.88 | 1.43 | 0.82 | 0.67 | 0.39 | 0.23 | 0.08 | 0.10 | 0.12 | 0.18 | 0.19 | -0.16 | 0.20 | 0.19 | 0.18 | 0.17 | 0.14 | -0.28 | 0.11 | 0.12 | 0.16 | 0.14 | 0.18 | 0.14 |
| EPS Diluted | 2.76 | 2.19 | 0.63 | -0.47 | 3.35 | 3.21 | 3.60 | 2.47 | 2.31 | 1.81 | 2.14 | 2.01 | 1.95 | 2.27 | 2.34 | 1.87 | 1.41 | 0.81 | 0.65 | 0.37 | 0.23 | 0.08 | 0.10 | 0.12 | 0.18 | 0.19 | -0.16 | 0.20 | 0.19 | 0.18 | 0.17 | 0.14 | -0.28 | 0.11 | 0.12 | 0.16 | 0.14 | 0.18 | 0.14 |
| Weighted Avg Shares Out | 14.13M | 12.78M | 12.55M | 11.03M | 10.96M | 10.88M | 10.83M | 10.79M | 10.75M | 10.71M | 10.66M | 10.56M | 10.46M | 10.38M | 10.26M | 10.14M | 9.91M | 9.47M | 9.29M | 8.93M | 8.74M | 8.69M | 8.55M | 8.49M | 8.46M | 8.50M | 8.49M | 8.66M | 8.66M | 8.89M | 9.09M | 17.50M | 16.94M | 17.67M | 17.87M | 18.06M | 17.93M | 18.59M | 18.52M |
| Weighted Avg Shares Out (Dil) | 14.18M | 12.83M | 12.63M | 11.03M | 11.04M | 10.94M | 10.87M | 10.83M | 10.79M | 10.74M | 10.69M | 10.62M | 10.54M | 10.44M | 10.29M | 10.19M | 10.01M | 9.70M | 9.57M | 9.24M | 8.94M | 8.69M | 8.55M | 8.49M | 8.46M | 8.50M | 8.49M | 8.73M | 8.89M | 8.89M | 9.09M | 17.50M | 16.94M | 17.67M | 17.87M | 18.06M | 17.93M | 18.59M | 18.52M |
VSE Enhances Aviation Position With Kellstrom Aerospace Acquisition
VSEC strengthens its position in the aerospace engine aftermarket with the acquisition of Kellstrom Aerospace.
AE Industrial Partners Completes Sale of Kellstrom Aerospace to VSE Corporation
BOCA RATON, Fla.--(BUSINESS WIRE)--AE Industrial Partners, LP (“AE Industrial”), a private equity firm specializing in National Security, Aerospace, and Industrial Services, today announced that it has completed the sale of Kellstrom Aerospace Group, Inc. (“Kellstrom”), a diversified global distributor and...
VSE Corporation Completes Kellstrom Aerospace Acquisition
MIRAMAR, Fla.--(BUSINESS WIRE)--VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, announced today that the Company has closed its previously announced acquisition of Kellstrom Aerospace Group, Inc. (“Kellstrom”), a portfolio company of...
VSE Corporation Announces Relocation of Corporate Headquarters to Miramar, Florida
MIRAMAR, Fla.--(BUSINESS WIRE)--VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, today announced the relocation of its corporate headquarters to Miramar, Florida. The new headquarters will be co-located with the Company's Aviation...
VSE Corporation (VSEC) Q3 2024 Earnings Call Transcript
VSE Corporation (NASDAQ:VSEC ) Q3 2024 Earnings Conference Call November 6, 2024 8:30 AM ET Company Participants Michael Perlman - Vice President, Investor Relations & Treasury John Cuomo - President & Chief Executive Officer Adam Cohn - Chief Financial Officer...
VSE Corporation Announces Third Quarter 2024 Results
ALEXANDRIA, Va.--(BUSINESS WIRE)--VSE Corporation (NASDAQ: VSEC, "VSE", or the "Company"), a leading provider of aftermarket distribution and repair services, announced today results for the third quarter 2024. THIRD QUARTER 2024 RESULTS(1) (As compared to the Third Quarter 2023) Total Revenues...
How VSE's Acquisition of Kellstrom Will Boost Its Aviation Business?
The latest deal is set to expand VSEC's footprint in the commercial aerospace aftermarket.
VSE Corporation Prices Public Offering of Common Stock
ALEXANDRIA, Va.--(BUSINESS WIRE)--VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, announced today that it has priced its previously announced underwritten public offering. The Company is offering 1,724,137 shares of its common...
VSE Corporation Announces Public Offering of Common Stock
ALEXANDRIA, Va.--(BUSINESS WIRE)--VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, announced today that it has commenced an underwritten public offering, subject to market and other conditions, of shares of its common...
VSE Corporation Announces Acquisition of Kellstrom Aerospace
ALEXANDRIA, Va.--(BUSINESS WIRE)--VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, announced today that the Company has signed a definitive agreement to acquire Kellstrom Aerospace Group, Inc. (“Kellstrom”), a portfolio company of...
Source: https://incomestatements.info
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