---
schema_version: "secwatch.filing_event.v1"
accession: "0000102752-24-000013"
form_type: "8-K"
ticker: "VSEC"
cik: "0000102752"
company_name: "VSE CORP"
filed_at: "2024-03-06T23:59:59+00:00"
generated_at: "2026-06-05T02:19:44.063422+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# VSE Q4 revenue $235.3M (+37%), EPS $0.82; director & Fleet president to depart

## Summary
- Q4 revenue $235.3M (+37% YoY); GAAP diluted EPS $0.82 (+32%); adjusted EPS $0.85 (+31%).
- Full-year revenue $860.5M (+29% YoY); GAAP EPS $3.04 (+46%); adjusted EBITDA $113.8M (+45%).
- Aviation segment posted record revenue and adjusted EBITDA; Fleet segment also record revenue.
- Generated $43M operating cash flow and $30M free cash flow in H2 2023.
- Director Calvin Koonce to retire after 32 years; board to shrink to 8. Fleet President Chad Wheeler resigning.

## SEC filing metadata
- accession: 0000102752-24-000013
- form_type: 8-K
- ticker: VSEC
- cik: 0000102752
- company_name: VSE CORP
- filed_at: 2024-03-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/102752/000010275224000013/0000102752-24-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/102752/000010275224000013/vsec-20240306.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000102752-24-000013
- JSON: https://secwatch.observer/filing/0000102752-24-000013.json
- Plain text: https://secwatch.observer/filing/0000102752-24-000013.txt

## Key facts
- Executive change
  Calvin Koonce retired as Director at VSE CORP.
  - Action: retired
  - Role: Director
  source text: After thirty-two years of service as a director of the Company, on March 5, 2024, Calvin Koonce notified the Company of his intention to retire from the Company’s Board of Directors (the “Board”) and not to stand for re-election to the Board, effective at the conclusion of his term at the Company’s 2024 Annual Meeting of Stockholders on May 21, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/102752/000010275224000013/0000102752-24-000013-index.htm
- Executive change
  Chad M. Wheeler resigned as Group President for the Fleet Segment at VSE CORP.
  - Action: resigned
  - Role: Group President for the Fleet Segment
  source text: After more than thirty-two years of service to the Fleet Segment of the Company, on February 29, 2024, Chad M. Wheeler, the Company’s Group President for the Fleet Segment, gave notice that he will resign from his position as Group President with an effective date to be set later in 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/102752/000010275224000013/0000102752-24-000013-index.htm

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