secwatch.observer — SEC 8-K summary
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Issuer:     VSE CORP (VSEC)
CIK:        0000102752
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0000102752-23-000089
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/102752/000010275223000089/0000102752-23-000089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/102752/000010275223000089/vsec-20231101.htm
  HTML page:      https://secwatch.observer/filing/0000102752-23-000089

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