VSE Corp
NASDAQ:VSEC

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VSE Corp
NASDAQ:VSEC
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Price: 195.27 USD -2.95% Market Closed
Market Cap: 4.6B USD

VSE Corp
Investor Relations

Established in a realm where logistics meets engineering and technology, VSE Corporation has carved out a niche as a versatile powerhouse. Rooted in Alexandria, Virginia, this company began its journey in 1959, serving the intricate needs of the United States government with a focus on maintenance and repair. Over the decades, VSE has elegantly evolved, transitioning from a niche government contractor to a diversified provider of aftermarket services, thereby broadening its horizons. Today, the company’s portfolio spans across aviation, fleet management, defense, and federal and civilian sectors, underpinning its core capabilities in maintenance, repair, overhaul, and supply chain management. With each sector addressing unique demands, VSE crafts tailored solutions, positioning itself as a cornerstone of operational support for both government and commercial clients.

The financial engine of VSE Corporation roars to life through its strategic segmentation into Aviation, Fleet, and Federal & Defense business units. In aviation, the company thrives by specializing in the distribution of parts and services for commercial and business airlines, deftly keeping aircraft flying efficiently and safely while ensuring regulatory compliance. Meanwhile, its fleet business excels by offering comprehensive vehicle and equipment maintenance services, primarily targeting large-scale government and commercial fleets. The Federal & Defense unit underscores VSE’s deep-rooted relationship with the U.S. government, providing engineering services, modernization solutions, and supply chain logistics to military and federal agencies. By continually adapting to the dynamic landscape of technology and customer needs, VSE Corporation sustains its revenue streams and solidifies its reputation as a trusted partner in ensuring operational readiness and efficiency across its diversified industries.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 27, 2025
AI Summary
Q3 2025

Record Results: VSE delivered record revenue and profitability in Q3 2025, with strong free cash flow and improved margins.

Major Acquisition: Announced a $350 million acquisition of Aero 3, a global MRO and parts distributor, expected to close in Q4 2025 and enhance EBITDA margins.

Raised Guidance: VSE raised its full-year 2025 Aviation revenue growth and EBITDA margin guidance, reflecting strong year-to-date performance.

Strong Market Demand: Aviation aftermarket demand remains robust, supported by high fleet utilization and slow aircraft retirements.

Synergy & Integration: Ongoing integrations of past acquisitions are ahead of schedule and delivering above-market growth and margin synergies.

Free Cash Flow: Generated approximately $18 million of free cash flow in Q3, a significant improvement year-over-year.

No Q&A: Due to the accelerated timing, there was no Q&A session on the call.

Key Financials
Revenue
$283 million
Adjusted EBITDA
$47 million
Adjusted EBITDA Margin
16.7%
Aviation Adjusted EBITDA
$50 million
Aviation Adjusted EBITDA Margin
17.8%
Adjusted Net Income
$20 million
Adjusted Diluted EPS
$0.99
Free Cash Flow
$18 million
Adjusted Net Leverage Ratio
2x
Net Debt Outstanding
$347 million
Liquidity
$347 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. John A. Cuomo J.D.
CEO, President & Director
No Bio Available
Ms. Farinaz S. Tehrani
Senior VP, Chief Legal Officer & Corporate Secretary
No Bio Available
Mr. Benjamin A. Thomas
President of Aviation Segment
No Bio Available
Mr. Adam Cohn
Chief Financial Officer
No Bio Available
Noel Ryan
Head of Investor Relations
No Bio Available
Mr. Michael Perlman
Vice President of Investor Relations & Communications
No Bio Available
Mr. Tarang Sharma
Chief Accounting Officer, VP, Controller & Corporate Development
No Bio Available
Ms. Krista Stafford
Senior VP & Chief Human Resources Officer
No Bio Available
Mr. Garry Snow
Chief Growth Officer
No Bio Available
Richard Hannah
Treasurer
No Bio Available

Contacts

Address
VIRGINIA
Alexandria
6348 Walker Ln
Contacts
+17039604600.0
www.vsecorp.com