VSE reports Q4 revenue +11% to $234M, adjusted EPS +28% to $0.68; strong full-year results

VSE CORP

Q4 revenue $234.3M (+11% YoY); GAAP EPS $0.38 (-22%); Adj EPS $0.68 (+28%).
Full-year revenue $949.8M (+26%); GAAP EPS $2.19 (+248%); Adj EPS $2.91 (+32%).
Q4 GAAP net income $4.8M (-22% YoY).
Full-year GAAP net income $28.1M (+252% YoY).
Adjusted EBITDA: Q4 $22.9M (+29%), full-year $92.1M (+27%).

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 the fourth quarter ended December 31, 2022 results: revenue $234.3 million, net income $4.8 million, EPS $0.38.

Period: the fourth quarter ended December 31, 2022
Revenue: $234.3 million
Net income: $4.8 million
EPS: $0.38
Result: reported results

Exact text from the filing

Total Revenues of $234.3 million increased 11% ▪ GAAP Net Income of $4.8 million decreased 22% ▪ GAAP EPS (Diluted) of $0.38 decreased 22%

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

VSE CORP reported the fiscal year ended December 31, 2022 results: revenue $949.8 million, net income $28.1 million, EPS $2.19.

Period: the fiscal year ended December 31, 2022
Revenue: $949.8 million
Net income: $28.1 million
EPS: $2.19
Result: reported results

Exact text from the filing

Total Revenues of $949.8 million increased 26% ▪ GAAP Net Income of $28.1 million increased 252% ▪ GAAP EPS (Diluted) of $2.19 increased 248%

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Source: SEC EDGAR

accession 0000102752-23-000006

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