Profile
Sector:
IndustrialsIndustry:
Aerospace & DefenseCountry:
United StatesIPO:
22 October 1982Website:
http://www.vsecorp.comNext earnings report:
07 March 2025Last dividends:
06 November 2024Next dividends:
N/APrice
after hours | Tue, 12 Nov 2024 21:19:14 GMTAnalysts recommendations
Institutional Ownership
VSEC Latest News
The latest deal is set to expand VSEC's footprint in the commercial aerospace aftermarket.
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 stock at a price to the public of $87.00 per share. VSE has also granted the underwriters a 30-day option to purchase up to an additional 258,620 shares of common stock. The offering is expected.
VSEC reported strong 2Q24 results, with total revenue up 29.6% year-over-year, driven mainly by the robust aviation segment. Despite a decline in the fleet segment, the aviation segment saw a 54.6% revenue increase, driven by strong program execution, acquisitions, and expanded MRO capabilities. The global airline industry shows strong recovery, boosting demand for aviation parts and services. VSEC is well-positioned to capitalise on this trend.
VSE Corporation (NASDAQ:VSEC ) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Michael Perlman - Vice President of Investor Relations & Treasury John Cuomo - President & Chief Executive Officer Tarang Sharma - Vice President, Controller & Head of Corporate Development Conference Call Participants Ken Herbert - RBC Capital Markets Michael Ciarmoli - Truist Securities Louie DiPalma - William Blair Jeff Van Sinderen - B. Riley Josh Sullivan - The Benchmark Company Bert Subin - Stifel Operator Good day and welcome to the VSE Corporation Second Quarter 2024 Results Conference Call.
ALEXANDRIA, Va.--(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 November 20, 2024, to stockholders of record at the close of business on November 6, 2024. ABOUT VSE CORPORATION VSE is a leading provider of aftermarket distribution and repair.
VSE's (VSEC) fourth-quarter 2023 results reflect solid contributions from its Aviation and Fleet segments.
VSE (VSEC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
VSE (VSEC) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
VSE (VSEC) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
VSE Corporation (NASDAQ:VSEC ) Q3 2023 Earnings Conference Call November 2, 2023 8:30 AM ET Company Participants Michael Perlman - VP, IR and Communications John Cuomo - President and CEO Steve Griffin - CFO Conference Call Participants Louie DiPalma - William Blair Michael Ciarmoli - Truist Josh Sullivan - The Benchmark Company Jeff Van Sinderen - B. Riley Operator Good morning and welcome to the VSE Corporation Third Quarter 2023 Results Conference Call.
What type of business is VSE?
VSE Corporation operates as a diversified aftermarket products and services company in the United States. The company operates through two segments, Aviation and Fleet. The Aviation segment provides aftermarket parts supply and distribution; maintenance, repair, and overhaul services for components and engine accessories supporting commercial, business, and general aviation operators. 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, supply chain support, and other services to support the commercial aftermarket medium- and heavy-duty truck market. 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. VSE Corporation was incorporated in 1959 and is headquartered in Alexandria, Virginia.
What sector is VSE in?
VSE is in the Industrials sector
What industry is VSE in?
VSE is in the Aerospace & Defense industry
What country is VSE from?
VSE is headquartered in United States
When did VSE go public?
VSE initial public offering (IPO) was on 22 October 1982
What is VSE website?
https://www.vsecorp.com
Is VSE in the S&P 500?
No, VSE is not included in the S&P 500 index
Is VSE in the NASDAQ 100?
No, VSE is not included in the NASDAQ 100 index
Is VSE in the Dow Jones?
No, VSE is not included in the Dow Jones index
When was VSE the previous earnings report?
No data
When does VSE earnings report?
The next expected earnings date for VSE is 07 March 2025