secwatch.observer — SEC 8-K summary
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Issuer:     VSE CORP (VSEC)
CIK:        0000102752
Form:       8-K
Filed at:   2023-07-19T23:59:59+00:00
Accession:  0001193125-23-189636
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/102752/000119312523189636/0001193125-23-189636-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/102752/000119312523189636/d535657d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-189636

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