M&A
confidence high
sentiment positive
materiality 0.85
VSE Q3 revenue +38.9% to $282.9M; acquires Aero 3 for $350M to expand wheel/brake MRO
VSE CORP
- Revenue $282.9M (+38.9% YoY); GAAP EPS $0.17; adjusted EPS $0.99 (+86.8%); adjusted EBITDA $47.4M (+58.4%).
- FY 2025 revenue and adjusted EBITDA margin guidance raised.
- Signed agreement to acquire Aero 3 for $350M cash; expected close Q4 2025 subject to regulatory approvals.
- Aero 3 generated ~$120M trailing revenue with >20% adjusted EBITDA margins; pro forma EBITDA margin expands >50 bps.
- Aero 3 adds nine MRO facilities; combined VSE will operate twelve wheel/brake repair sites globally.