VSE Corporation operates as a diversified products and services aftermarket company in the United States. The company operates in 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 (FBOs). The Fleet segment provides parts supply, inventory management, e-commerce fulfillment, logistics, data management, and other services to assist aftermarket commercial and federal customers. This segment also provides sale of vehicle parts and mission critical 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 provides aftermarket refurbishment and sustainment services to extend and maintain the life cycle of military vehicles, ships, and aircraft for the 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, IT and health care IT solutions, as well as consulting services. VSE Corporation was incorporated in 1959 and is headquartered in Alexandria, Virginia.
IPO Year:
Exchange: NASDAQ
Website: vsecorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/14/2024 | $100.00 | Buy | Jefferies |
| 6/28/2024 | $101.00 | Buy | Stifel |
| 5/2/2023 | $50.00 → $55.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 5/18/2022 | $65.00 → $48.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 3/11/2022 | $70.00 → $65.00 | Outperform | RBC Capital |
| 11/19/2021 | $65.00 → $70.00 | Outperform | RBC Capital |
| 11/12/2021 | $62.00 → $72.00 | Buy | Canaccord Genuity |
| 10/29/2021 | $60.00 → $65.00 | Outperform | RBC Capital |
| 10/22/2021 | $60.00 | Outperform | RBC Capital |
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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-crit
Record Revenue and Profitability Reaffirms 2025 Guidance 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,
New Capital Structure Provides Lower Interest Rate, Increased Liquidity, and Enhanced Financial Flexibility VSE Corporation ("VSE" or the "Company") (NASDAQ:VSEC), a leading provider of aviation aftermarket distribution and repair services, today announced the successful refinancing of its Term Loan A and Revolving Credit Facility. The Company entered into a new $300 million Term Loan A and a $400 million revolving credit facility, both maturing on May 2, 2030. These facilities refinance and replace the Company's previous debt arrangements, which were scheduled to mature in October 2026. Borrowings under the new facilities will initially bear interest at the Secured Overnight Financing Ra
Acquisition Expands VSE Aviation's Repair Capabilities Across Key Engine Platforms 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 eng
VSE Corporation ("VSE" or the "Company") (NASDAQ:VSEC), a leading provider of aviation aftermarket distribution and repair services, announced today that VSE Corporation's senior management will participate in the following upcoming conferences. 2025 Truist Securities Industrial & Services Conference in Philadelphia, PA, on May 8th. John Cuomo, President and CEO of VSE Corporation, Adam Cohn, Chief Financial Officer of VSE Corporation, and Michael Perlman, VP of Investor Relations and Treasury of VSE Corporation, are scheduled to participate in one-on-one investor meetings throughout the event. 25th Annual B. Riley Securities Investor Conference in Marina del Rey, CA on May 21st. John Cuo
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 invent
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
Sale Completes Strategic Portfolio Transformation to a Pure-Play Aviation Aftermarket Parts and Services Provider VSE Corporation ("VSE" or the "Company") (NASDAQ:VSEC), a leading provider of aftermarket distribution and repair services, announced today that the Company has completed the sale of its Fleet business segment, Wheeler Fleet Solutions, to One Equity Partners ("OEP") for up to $230 million in total consideration. "The sale of our Fleet business marks the completion of VSE's strategic transformation into a pure-play aviation aftermarket parts and services provider," said John Cuomo, President and CEO of VSE Corporation. "With our full focus now on the aviation aftermarket, we ar
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 an
Record Revenue and Profitability for Aviation Segment Announces Full Year 2025 Guidance for Aviation Segment 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
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Jefferies initiated coverage of VSE Corp with a rating of Buy and set a new price target of $100.00
Stifel initiated coverage of VSE Corp with a rating of Buy and set a new price target of $101.00
RBC Capital Mkts upgraded VSE Corp from Sector Perform to Outperform and set a new price target of $55.00 from $50.00 previously
RBC Capital Mkts downgraded VSE Corp from Outperform to Sector Perform and set a new price target of $48.00 from $65.00 previously
RBC Capital reiterated coverage of VSE with a rating of Outperform and set a new price target of $65.00 from $70.00 previously
RBC Capital reiterated coverage of VSE with a rating of Outperform and set a new price target of $70.00 from $65.00 previously
Canaccord Genuity reiterated coverage of VSE with a rating of Buy and set a new price target of $72.00 from $62.00 previously
RBC Capital reiterated coverage of VSE with a rating of Outperform and set a new price target of $65.00 from $60.00 previously
RBC Capital initiated coverage of VSE with a rating of Outperform and set a new price target of $60.00
B. Riley Securities initiated coverage of VSE Corp with a rating of Buy and set a new price target of $61.00
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-crit
Record Revenue and Profitability Reaffirms 2025 Guidance 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,
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
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 an
Record Revenue and Profitability for Aviation Segment Announces Full Year 2025 Guidance for Aviation Segment 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
VSE Corporation ("VSE" or the "Company") (NASDAQ:VSEC), a leading provider of aftermarket distribution and repair services, announced today that it will issue fourth quarter and full year 2024 results after the market close on Wednesday, February 26, 2025. A conference call will be held on Thursday, February 27, 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
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 February 6, 2025, to stockholders of record at the close of business on January 23, 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 dist
Record Revenue and Record Profitability for Aviation Segment Raising Full Year 2024 Aviation Revenue Guidance 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 of $273.6 million increased 18.3% GAAP Net Income of $11.7 million decreased 3.8% GAAP EPS (Diluted) of $0.63 decreased 21.3% Adjusted EBITDA(2) of $33.2 million increased 2.6% Adjusted Net Income(2) of $13.1 million decreased 5.3% Adjusted EPS (Diluted)(2) of $0.71 decreased 22.8% 1 From
Provides Preliminary Third Quarter 2024 Results Kellstrom Aerospace Expands VSE Aviation's Presence in Growing Commercial Engine Aftermarket 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 AE Industrial Partners, LP and a diversified global distributor and service provider supporting the commercial aerospace engine aftermarket. The transaction is subject to customary closing conditions, including regulatory review, and is expected to close in the fourth quarter of 2024
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 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 dis
Acquisition Expands VSE Aviation's Repair Capabilities Across Key Engine Platforms 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 eng
VSE Corporation ("VSE" or the "Company") (NASDAQ:VSEC), a leading provider of aftermarket distribution and repair services, announced the appointment of Adam Cohn as Chief Financial Officer ("CFO") and Garry Snow as Chief Growth Officer for VSE Corporation. Adam Cohn, a seasoned executive finance leader with over 15 years of aerospace and finance-related experience, will join VSE as CFO on September 3, 2024. He will assume responsibility for VSE's financial strategies and lead the global finance organization, including planning, operational finance, treasury, tax, internal audit, corporate development, and investor relations. Tarang Sharma, who has been serving as interim Chief Financial
COMMERCE, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- FDH Aero ("FDH"), a global provider of supply chain solutions for the aerospace and defense industry, today announced the appointment of John Cuomo to the FDH Aero board. John is a seasoned aviation industry executive and experienced board member who brings more than 25 years of aerospace, defense, distribution and supply chain experience to FDH. "We are delighted to welcome John to our board, where his extensive expertise will undoubtedly have an immediate influence on our business and further enhance our ability to drive continued growth and deliver exceptional value to our clients," said Scott Tucker, FDH CEO. "John has driven signif
BEDFORD, Mass., May 08, 2024 (GLOBE NEWSWIRE) -- Anika Therapeutics, Inc. (NASDAQ:ANIK), a global joint preservation company in early intervention orthopedics, today announced that it has appointed Steve Griffin as the Company's Executive Vice President, Chief Financial Officer ("CFO") and Treasurer, effective June 3, 2024. He succeeds Michael Levitz, who has decided to step down as CFO after almost four years with the company. Mr. Levitz will remain with the Company through December 31, 2024, to ensure a smooth transition. "We are pleased to welcome Steve to Anika as we focus on accelerating our pivot to profitability," said Cheryl Blanchard, Ph.D., Anika's President and CEO. "Steve
VSE Corporation (NASDAQ:VSEC, ", VSE", , or the ", Company", ))), a leading provider of aftermarket distribution and repair services, announced today the appointment of Tarang Sharma to interim Chief Financial Officer effective May 27, 2024. Mr. Sharma, VSE's Vice President, Controller and Corporate Development, succeeds Steve Griffin, who is departing the Company to pursue an opportunity outside of the Aerospace industry. VSE has initiated a search for a CFO with the assistance of an executive search firm. Mr. Griffin will remain with the Company through the end of May and then serve as a consultant for a period of three months to ensure a smooth transition of his responsibilities. MANAG
VSE Corporation (NASDAQ:VSEC, ", VSE", ))), a leading provider of aftermarket distribution and maintenance, repair and overhaul (MRO) services for land, sea and air transportation assets for government and commercial markets, today announced the appointment of two new members to its Board of Directors. Anita D. Britt and Lloyd E. Johnson were each appointed to the VSE Board of Directors as independent directors, effective July 19, 2022. Ms. Britt and Mr. Johnson will join the VSE Board as part of the Board's succession planning and potential retirements of existing board members. "We are pleased to welcome both Anita and Lloyd to the VSE Board of Directors," stated General Ralph E. Eberha
VSE Corporation (NASDAQ:VSEC, ", VSE", , or the ", Company", ))), a leading provider of aftermarket distribution and maintenance, repair and overhaul (MRO) services for land, sea and air transportation assets for government and commercial markets, today announced the appointment of Edward P. Dolanski to its Board of Directors, effective January 1, 2022. With the addition of Mr. Dolanski, VSE's board will comprise nine members. "Ed is an accomplished public company executive within the commercial aerospace, business and general aviation, and defense industries with extensive experience and a successful track record of guiding organizations through transformational growth," stated General Ra
VSE Corporation (NASDAQ:VSEC), a leading provider of distribution and maintenance, repair and overhaul (MRO) services for land, sea and air transportation assets in the public and private sectors, today announced the appointment of Farinaz S. Tehrani as Senior Vice President, Chief Legal Officer and Corporate Secretary, effective August 16, 2021. Ms. Tehrani will report directly to President and Chief Executive Officer John Cuomo, and will lead the company's legal, compliance and regulatory functions. Ms. Tehrani brings to VSE more than two decades of expertise in senior legal and compliance roles at global public and private companies across multiple industries. Throughout her career, Ms.