VSEC
VSE Corporation168.39
-0.99-0.58%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
3.94BP/E (TTM)
55.94Basic EPS (TTM)
3.01Dividend Yield
0%Recent Filings
8-K
8-K
VSE Q3 results and Aero 3 acquisition
VSE Corporation reported third-quarter 2025 revenues of $282.9 million, up 38.9% year-over-year, with Adjusted EBITDA surging 58.4% to $47.4 million on strong aviation aftermarket demand and acquisition synergies. The company signed a definitive agreement to acquire Aero 3 for $350 million in cash, expanding its wheel and brake MRO footprint to twelve global facilities and boosting pro forma Adjusted EBITDA margins by over 50 basis points. VSE raised full-year revenue growth guidance to 38-40%. Aero 3 adds high-margin proprietary solutions.
10-Q
Q3 FY2025 results
VSE Corporation's Q3 FY2025 revenue climbed 39% y/y to $282.9M, fueled by acquisitions and robust demand in commercial aerospace, with products up 49% y/y to $176.0M and services rising 25% y/y to $106.9M. Operating income dipped 50% y/y to $10.1M, pressured by a $23.3M earn-out receivable write-down and higher amortization, yet margins held steady at 3.6% while interest expense fell 52% y/y to $4.3M on lower debt. Diluted EPS from continuing operations landed at $0.17, aligning with 20.8M weighted shares. Acquisitions like Turbine Weld in May 2025 for $49.9M cash added $13.3M goodwill and $24.0M intangibles over 10 years, bolstering MRO capabilities. Cash stood at $8.8M with $356.1M total debt under a new $700M facility maturing 2030, and $337.8M revolver availability. Free cash flow not disclosed in the 10-Q. Fleet sale in April 2025 yielded $136.2M cash but a $33.1M net loss from discontinued ops. Global trade tensions, including China's Unreliable Entity List, pose sourcing risks.
8-K
CAO resigns, transitions to consulting
8-K
VSE declares $0.10 dividend
VSE Corporation's board declared a quarterly cash dividend of $0.10 per share, payable October 29, 2025, to shareholders of record on October 15, 2025, signaling steady cash flow confidence amid aviation aftermarket operations. Approved July 29, 2025, this payout underscores the company's commitment to returning value to investors. Forward-looking statements highlight risks that could alter results.
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