---
schema_version: "secwatch.filing_event.v1"
accession: "0000102752-23-000089"
form_type: "8-K"
ticker: "VSEC"
cik: "0000102752"
company_name: "VSE CORP"
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T01:51:19.294440+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# VSE Q3 revenue up 38% to $231.4M; Aviation record; raises Aviation revenue guidance

## Summary
- Total revenues $231.4M (+38.2% YoY); GAAP net income $12.1M (+57.3%); GAAP EPS $0.80 (+33.3%); adjusted EPS $0.92 (+48.4%).
- Aviation segment revenue record $152.4M (+48%); operating income $21.0M vs $10.0M prior year.
- Fleet revenue $79M (+22%); commercial revenue +47% YoY, now 47% of segment.
- Completed Desser Aerospace acquisition July; entered Honeywell fuel control license in Oct; terminated Fed & Defense sale.
- Raised Aviation FY2023 revenue growth guidance to 30-35%; EBITDA margin to higher end of 14-16%; reaffirmed Fleet guidance.

## SEC filing metadata
- accession: 0000102752-23-000089
- form_type: 8-K
- ticker: VSEC
- cik: 0000102752
- company_name: VSE CORP
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/102752/000010275223000089/0000102752-23-000089-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/102752/000010275223000089/vsec-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000102752-23-000089
- JSON: https://secwatch.observer/filing/0000102752-23-000089.json
- Plain text: https://secwatch.observer/filing/0000102752-23-000089.txt

## Key facts
- Earnings Releases
  VSE CORP reported financial results for the third quarter ended September 30, 2023.
  - Period: the third quarter ended September 30, 2023
  - Result: reported results
  source text: On November 1, 2023, the Company issued a press release reporting its financial results for the third quarter ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/102752/000010275223000089/0000102752-23-000089-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.