VSE reports preliminary Q2 2023 revenue $203-207M, segments up 15-25% YoY

VSE CORP

2023-Q2 EPS reported $1.40 revenue$393,810,000

Q2 2023 revenue estimated at $203-207M; Aviation +15-20% YoY, Fleet +20-25% YoY.
Adjusted EBITDA $25-27M; Aviation margin 14-16%, Fleet margin 11-13%.
Free cash flow negative $19-21M; net debt $371M; net leverage 3.7-3.8x.
FY2022 adjusted EBITDA reduced by $3-4M due to discontinued ops reclassification.
Results are preliminary; subject to completion of quarter-end closing and review.

item 2.02

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

VSE CORP reported the three and six months ended June 30, 2023 results: revenue approximately $203.0 million to $207.0 million and approximately $391.6 million to $395.6 million, respectively.

Period: the three and six months ended June 30, 2023
Revenue: approximately $203.0 million to $207.0 million and approximately $391.6 million to $395.6 million, respectively
Result: preliminary results

Exact text from the filing

• We currently estimate consolidated revenue for the three and six months ended June 30, 2023 of approximately $203.0 million to $207.0 million and approximately $391.6 million to $395.6 million, respectively.

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Source: SEC EDGAR

accession 0001193125-23-189636

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