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08.05.25 - 22:18
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VSE Corporation Declares Quarterly Cash Dividend (Business Wire)
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MIRAMAR, Fla.--(BUSINESS WIRE)--VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aviation aftermarket distribution and repair services, announced that the Company's Board of Directors has declared a regular quarterly cash dividend of $0.10 per share of VSE common stock. The dividend is payable on July 30, 2025, to stockholders of record at the close of business on July 16, 2025.
ABOUT VSE CORPORATION
VSE is a leading provider of Aviation distribution and repair services for the commercial and business and general aviation (BG&A) aftermarkets. Headquartered in Miramar, Florida, VSE is focused on significantly enhancing the productivity and longevity of its customers' high-value, business-critical assets. VSE's aftermarket parts distribution and maintenance, repair, and overhaul (MRO) services support engine component and engine and airframe accessory part distribution and repair services for commercial and BG&A operators. For more detailed information, please visit ...
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06.05.25 - 22:21
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VSE Corporation Announces First Quarter 2025 Results (Business Wire)
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Record Revenue and Profitability
Reaffirms 2025 Guidance
MIRAMAR, Fla.--(BUSINESS WIRE)--VSE Corporation (NASDAQ: VSEC, "VSE", or the "Company"), a leading provider of aviation aftermarket distribution and repair services, announced today results for the first quarter 2025.
FIRST QUARTER 2025 RESULTS(1)
(As compared to the First Quarter 2024)
Total Revenues of $256.0 million increased 57.7%
GAAP Net Income of $14.0 million increased 152.0%
GAAP EPS (Diluted) of $0.67 increased 91.4%
Adjusted EBITDA(2) of $40.4 million increased 60.0%
Adjusted Net Income(2) of $16.2 million increased 125.1%
Adjusted EPS (Diluted)(2) of $0.78 increased 73.3%
1 From continuing operations
2 Non-GAAP measures, which reflect a change in the definition of Adjusted EBITDA. See additional information at the end of this release regarding non-GAAP financial measures
MANAGEMENT COMMENTARY
"We proudly delivered record revenue and profitability in the first quarter and completed a critical chapter in our multi-...
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01.05.25 - 14:12
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VSE Corporation Acquires Turbine Weld Industries (Business Wire)
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Acquisition Expands VSE Aviation's Repair Capabilities Across Key Engine Platforms
MIRAMAR, Fla.--(BUSINESS WIRE)--VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aviation aftermarket distribution and repair services, today announced it has acquired Turbine Weld Industries, LLC (“Turbine Weld”), a specialized Maintenance, Repair, and Overhaul (“MRO”) service provider focused on complex engine components for business and general aviation (“BG&A”) platforms.
Founded in 1986, Turbine Weld is a premier provider of high-value engine component repairs, specializing in hot section components for Pratt & Whitney Canada engines—including the PW100, PT6, and JT15D series with approximately 25,000 engines in service. Operating from its MRO center of excellence in Venice, Florida with a team of approximately 60, Turbine Weld has repaired more than 80,000 components and is recognized for its exceptional service and technical excellence.
STRATEGIC RATIONALE
Expanded...
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30.04.25 - 00:02
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XFRA: DIVIDEND/INTEREST INFORMATION - 02.05.2025 - US9182841000 (XETRA)
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Das Instrument VS3 US9182841000 VSE CORP. DL-,05 EQUITY wird cum Dividende/Zinsen gehandelt am 30.04.2025 und ex Dividende/Zinsen am 02.05.2025
The instrument VS3 US9182841000 VSE CORP. DL-,05 EQUITY has its pre-dividend/interest day on 30.04.2025 and its ex-dividend/interest day on 02.05.2025...
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28.04.25 - 19:06
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Comvest Credit Partners Leads Debt Financing to Wheeler Fleet Solutions to Fund its Acquisition by One Equity Partners (Business Wire)
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WEST PALM BEACH, Fla.--(BUSINESS WIRE)--#comvest--Comvest Credit Partners, a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent and is the sole lender on a senior secured credit facility (the “Financing”) for Wheeler Fleet Solutions (“Wheeler” or the “Company”), a leading aftermarket truck parts distribution company based in Somerset, Pa. The Financing supported the acquisition of the Company from VSE Corporation (NASDAQ: VSEC) by private equity firm One Equity Partners.
Founded in 1960, Wheeler provides replacement parts and engineering solutions to the medium and heavy-duty fleet market, offering a complete line of products along with inventory management, e-commerce fulfillment, logistics, supply chain support and other aftermarket services. Wheeler operates distribution centers in Pennsylvania, Mississippi and Texas.
“Wheeler is an established, long-tenured brand with strong performance in a...
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17.04.25 - 14:03
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VSE Corporation Announces First Quarter 2025 Results Conference Call Date (Business Wire)
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MIRAMAR, Fla.--(BUSINESS WIRE)--VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of Aviation aftermarket distribution and repair services, announced today that it will issue first quarter 2025 results after the market close on Tuesday, May 6, 2025. A conference call will be held on Wednesday, May 7, 2025, at 8:30 A.M. ET to review the Company's financial results, discuss events, and conduct a question-and-answer session.
A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of VSE's website at https://ir.vsecorp.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software.
To participate in the live teleconference:
Domestic Live:
(833) 821-4559
International Live:
(412) 652-1259
Web link:
https://viavid.webcasts.com/starthere.jsp?ei=1712518&tp_key=83dc2e513d
To listen to a replay of ...
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08.04.25 - 18:45
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Eaton Names VSE Aviation as First Authorized Aerospace Service Center in Americas (Business Wire)
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ATLANTA--(BUSINESS WIRE)--Intelligent power management company Eaton signed an agreement with VSE Aviation today to provide repair and overhaul on Eaton's hydraulic components for large commercial transport and regional aircraft. Under the agreement signed at MRO Americas, VSE Aviation will be the first authorized service center for Eaton's aerospace business across North and South America.
Collaborating with VSE Aviation meets Eaton's need for an authorized independent repair station, enhancing repair capabilities of hydraulic products using official repair documentation and consistent use of OEM spare parts. In addition to VSE Aviation serving target customers, they will also function as an overflow facility for Eaton repair stations when additional capacity is required. Eaton will continue to offer support to customers directly through its repair services, ensuring the highest levels of customer satisfaction.
“The strategic agreement enables VSE to deliver high-quality repairs, improving turn-arou...
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04.03.25 - 22:36
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VSE Corporation Declares Quarterly Cash Dividend (Business Wire)
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MIRAMAR, Fla.--(BUSINESS WIRE)--VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, announced that the Company's Board of Directors has declared a regular quarterly cash dividend of $0.10 per share of VSE common stock. The dividend is payable on May 15, 2025, to stockholders of record at the close of business on May 1, 2025.
ABOUT VSE CORPORATION
VSE is a leading provider of aftermarket distribution and repair services. Operating through its two key segments, VSE significantly enhances the productivity and longevity of its customers' high-value, business-critical assets. The Aviation segment is a leading provider of aftermarket parts distribution and maintenance, repair, and overhaul (MRO) services for components and engine accessories to commercial, business, and general aviation operators. The Fleet segment specializes in part distribution, engineering solutions, and supply chain management services catered to the medium ...
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26.02.25 - 22:33
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VSE Corporation Announces Fourth Quarter and Full Year 2024 Results (Business Wire)
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Record Revenue and Profitability for Aviation Segment
Announces Full Year 2025 Guidance for Aviation SegmentMIRAMAR, Fla.--(BUSINESS WIRE)--VSE Corporation (NASDAQ: VSEC; “VSE”, or the “Company”), a leading provider of aftermarket distribution and repair services, announced results for the fourth quarter and full year 2024.
FOURTH QUARTER 2024 RESULTS(1)
(As compared to the Fourth Quarter 2023)
Total Revenues of $299.0 million increased 27%
GAAP Net Income of $15.5 million increased 21%
GAAP EPS (Diluted) of $0.77 decreased 6%
Adjusted EPS(2) (Diluted) of $0.90 increased 6%
Adjusted EBITDA(2) of $39.5 million increased 26%
FULL-YEAR 2024 RESULTS(1)
(As compared to the Full-Year 2023)
Total Revenues of $1,080.1 million increased 26%
GAAP Net Income of $36.5 million decreased 15%
GAAP EPS (Diluted) of $2.03 decreased 33%
Adjusted EPS(2) (Diluted) of $3.13 decreased 5%
Adjusted EBITDA(2) of $136.3 million increased 20%
(1) From continuing operations
(2) Non-GAAP measure, see additional information at...
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26.02.25 - 22:27
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VSE Corporation Announces Executive Leadership Appointments Supporting Business Transformation and Growth Strategy (Business Wire)
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MIRAMAR, Fla.--(BUSINESS WIRE)--VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, today announced executive leadership appointments supporting the Company's business transformation to a pure-play aviation aftermarket parts and services provider. Following the recently announced Fleet segment divestiture, these changes are designed to support the Company's future growth and strategic priorities and drive a more streamlined corporate structure.
Ben Thomas, President of VSE Aviation, has been promoted to Chief Operating Officer for VSE Corporation. Since joining VSE in October 2020 as Group President, Ben has played a pivotal role in growing the Aviation business segment into the global market leading aviation aftermarket parts and services provider that the business is today. In his new role, Ben will lead all revenue channels, including Distribution, Maintenance, Repair and Overhaul (“MRO”), and OEM Solutions, as well ...
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