secwatch.observer — SEC 8-K summary
======================================

Issuer:     VSE CORP (VSEC)
CIK:        0000102752
Form:       8-K
Filed at:   2024-03-06T23:59:59+00:00
Accession:  0000102752-24-000013
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/102752/000010275224000013/0000102752-24-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/102752/000010275224000013/vsec-20240306.htm
  HTML page:      https://secwatch.observer/filing/0000102752-24-000013

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