VSE Q3 2022: Revenue $242.5M (+21% YoY), Aviation EBITDA +86%

VSE CORP

2022-Q3 EPS reported $1.81 revenue$715,439,000

Revenue $242.5M (+21% YoY); GAAP EPS $0.73 (+2.8%); Adjusted EPS $0.76 (flat).
Aviation segment revenue $102.6M (+40%); adjusted EBITDA $13.6M (+86%); margin 13.2% (+326 bps).
Fleet segment revenue $64.8M (+7%); commercial revenue up 23%; new 425k sq ft Memphis warehouse.
Federal & Defense revenue $75.1M (+12%); EBITDA down 57% on cost-plus mix; secured $86M NAVSEA addition.
Amended credit facility extended to 2025; lowered margins; $99M available liquidity.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

VSE CORP reported financial results for third quarter ended September 30, 2022.

Period: third quarter ended September 30, 2022
Result: reported results

Exact text from the filing

On October 26, 2022, the Company issued a press release reporting its financial results for the third quarter ended September 30, 2022.

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Source: SEC EDGAR

accession 0000102752-22-000072

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