secwatch.observer — SEC 8-K summary
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Issuer:     VSE CORP (VSEC)
CIK:        0000102752
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0000102752-22-000072
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/102752/000010275222000072/0000102752-22-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/102752/000010275222000072/vsec-20221026.htm
  HTML page:      https://secwatch.observer/filing/0000102752-22-000072

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer