---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-189636"
form_type: "8-K"
ticker: "VSEC"
cik: "0000102752"
company_name: "VSE CORP"
filed_at: "2023-07-19T23:59:59+00:00"
generated_at: "2026-06-13T06:10:49.482303+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-189636
- form_type: 8-K
- ticker: VSEC
- cik: 0000102752
- company_name: VSE CORP
- filed_at: 2023-07-19T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/102752/000119312523189636/0001193125-23-189636-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/102752/000119312523189636/d535657d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-189636
- JSON: https://secwatch.observer/filing/0001193125-23-189636.json
- Plain text: https://secwatch.observer/filing/0001193125-23-189636.txt

## Key facts
- Earnings Releases
  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
  source text: • 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/102752/000119312523189636/0001193125-23-189636-index.htm

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