VSE Q2 2024 revenue $266M (+30%), GAAP net loss $2.8M, aviation segment record revenue

VSE CORP

2024-Q2 EPS reported -$0.57 revenue$507,498,000

Total revenues $266.0M, up 29.6% YoY; GAAP net loss $(2.8)M vs. net income in Q2 2023.
Adjusted EBITDA $31.3M (+18.4%); adj. net income $11.0M (+4.5%); adj. diluted EPS $0.64 (-22.0%).
Aviation segment achieved record revenue and record profitability in the quarter.
Results are from continuing operations; non-GAAP reconciliations included in press release.

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