Earnings summaries and quarterly performance for VSE.
Executive leadership at VSE.
Board of directors at VSE.
Research analysts who have asked questions during VSE earnings calls.
Jeff Van Sinderen
B. Riley Securities
4 questions for VSEC
Also covers: BTMD, BYRN, CDRE +11 more
Kenneth Herbert
RBC Capital Markets
4 questions for VSEC
Also covers: , AIR, AMTM +24 more
Michael Ciarmoli
Truist Securities, Inc.
4 questions for VSEC
Also covers: AIN, AIR, ASLE +20 more
Joshua Sullivan
The Benchmark Company
3 questions for VSEC
Also covers: ACHR, AIR, ATI +13 more
Sheila Kahyaoglu
Jefferies
3 questions for VSEC
Also covers: , AAL, BA +35 more
Louie DiPalma
William Blair
2 questions for VSEC
Also covers: AIR, ASTS, AVAV +16 more
Noah Levitz
William Blair
2 questions for VSEC
Also covers: AIR, REKR, STRL
Evan Page
Jefferies LLC
1 question for VSEC
Josh Sullivan
The Benchmark Company, LLC
1 question for VSEC
Also covers: ACHR, CRS, CSTM +8 more
Recent press releases and 8-K filings for VSEC.
VSE Corporation Announces Common Stock Offering
VSEC
M&A
New Projects/Investments
- VSE Corporation entered into an underwriting agreement on October 27, 2025, to issue and sell 2,352,941 shares of common stock at $170.00 per share.
- The underwriters fully exercised their option on October 28, 2025, to purchase an additional 352,941 shares, bringing the total shares sold to 2,705,882.
- The offering is expected to generate approximately $441.6 million in net proceeds, which the company intends to use to fund its previously announced acquisition of GenNx/AeroRepair IntermediateCo Inc., support potential future strategic acquisitions, and for general corporate purposes.
- Executive officers and directors of the company are subject to a 45-day lock-up period with respect to sales of common stock.
Oct 29, 2025, 12:40 PM
VSEC Reports Strong Q3 2025 Results, Raises Full-Year Guidance, and Announces Acquisition
VSEC
Earnings
Guidance Update
M&A
- VSE Corporation reported robust Q3 2025 revenue of $283 million, marking a 39% increase from the prior year.
- Adjusted EBITDA surged 58% to $47 million (16.7% margin), while Adjusted Diluted EPS rose 87% to $0.99 for Q3 2025.
- The company raised its Full Year 2025 revenue growth guidance to 38% to 40% year-over-year and its Aviation Adjusted EBITDA Margin Guidance to 17.0% to 17.25%.
- Strategically, VSE announced the acquisition of Aero 3, enhancing its aftermarket Wheel & Brake services and MRO capabilities.
- Adjusted Net Leverage improved to 2.0x as of September 30, 2025, supported by $18 million in Free Cash Flow for the quarter.
Oct 27, 2025, 8:30 PM
VSE Corporation Reports Record Q3 2025 Results and Announces Aero3 Acquisition
VSEC
Earnings
M&A
Guidance Update
- VSE Corporation reported record Q3 2025 consolidated revenues of $283 million, a 39% increase year-over-year, with Adjusted Diluted Earnings Per Share of $0.99, up 87%.
- The company announced the acquisition of Aero3 for $350 million in cash, expected to close in Q4 2025, which generated approximately $120 million in revenue in the trailing 12 months ending August 2025 and is projected to enhance VSE's consolidated adjusted EBITDA margin by over 50 basis points.
- VSE raised its full-year 2025 aviation segment revenue growth guidance to 38%-40% and its adjusted EBITDA margin guidance to 17%-17.25%.
- The company improved its Adjusted Net Leverage Ratio to two times and generated approximately $18 million in free cash flow during Q3 2025.
Oct 27, 2025, 8:30 PM
VSE Corporation Reports Record Q3 2025 Results and Announces Aero3 Acquisition
VSEC
Earnings
M&A
Guidance Update
- VSE Corporation reported record consolidated revenues of $283 million for Q3 2025, a 39% increase year-over-year, and record consolidated Adjusted EBITDA of $47 million, up 58%. Adjusted Diluted Earnings Per Share increased 87% to $0.99, and the Adjusted Net Leverage Ratio improved to two times.
- The company announced a definitive agreement to acquire Aero3, a global maintenance, repair, and overhaul (MRO) service provider and parts distributor, for $350 million in cash, with the transaction expected to close in Q4 2025. Aero3 generated approximately $120 million in revenue in the trailing 12 months ending August 2025 and is expected to enhance VSE's consolidated adjusted EBITDA margin by more than 50 basis points.
- VSE raised its full-year 2025 aviation segment guidance, increasing revenue growth to 38%-40% (from 35%-40%) and Adjusted EBITDA margin to 17%-17.25% (from 16.5%-17%).
Oct 27, 2025, 8:30 PM
VSE Corporation Announces Q3 2025 Results and Aero 3 Acquisition
VSEC
Earnings
Guidance Update
M&A
- VSE Corporation reported record total revenues of $282.9 million in Q3 2025, a 38.9% increase year-over-year, with Adjusted EPS (Diluted) of $0.99, an 86.8% increase.
- The company announced the acquisition of Aero 3 for a total cash consideration of $350 million, expanding its global wheel and brake aftermarket capabilities. Aero 3 generated approximately $120 million of revenue during the trailing twelve-month period ended August 2025. The acquisition is expected to close in Q4 2025.
- VSE increased its full-year 2025 revenue growth guidance to 38% to 40% and Aviation segment Adjusted EBITDA margin guidance to 17.0% to 17.25%.
- The company generated $24.1 million of operating cash flow and $18.0 million of free cash flow in Q3 2025, with an adjusted net leverage ratio of approximately 2.0x at quarter-end.
Oct 27, 2025, 8:08 PM
VSE Corporation Announces Public Offering of Common Stock
VSEC
M&A
New Projects/Investments
- VSE Corporation has commenced an underwritten public offering of its common stock.
- The company intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares offered.
- Net proceeds from the offering are planned to fund all or a portion of the cash consideration for the acquisition of GenNx/AeroRepair IntermediateCo Inc. (Aero 3), support potential future strategic acquisitions, and for general corporate purposes.
- Jefferies and Morgan Stanley are serving as joint lead book-running managers for the offering.
Oct 27, 2025, 8:05 PM
VSE Corporation Announces Acquisition of Aero 3
VSEC
M&A
New Projects/Investments
- VSE Corporation (VSEC) announced the acquisition of Aero 3, Inc., a global Maintenance, Repair and Overhaul (MRO) service provider and distributor for the commercial wheel and brake aftermarket.
- The acquisition is valued at a total cash consideration of $350 million, subject to working capital adjustments, and is expected to close in the fourth quarter of 2025.
- Aero 3 generated approximately $120 million of revenue during the trailing twelve-month period ended August 2025, with Adjusted EBITDA margins in excess of 20%.
- This acquisition expands VSE Aviation’s global wheel and brake aftermarket capabilities, increasing its MRO facilities to twelve across the U.S., Canada, and the U.K., and builds upon the success of the Desser Aerospace acquisition.
Oct 27, 2025, 8:03 PM
VSE Corporation Announces Record Third Quarter 2025 Results and Increased Full-Year Guidance
VSEC
Earnings
Guidance Update
New Projects/Investments
- VSE Corporation reported record total revenues of $282.9 million for the third quarter of 2025, marking a 38.9% increase year-over-year.
- The company achieved Adjusted EBITDA of $47.4 million, up 58.4%, and Adjusted EPS (Diluted) of $0.99, an increase of 86.8% for Q3 2025.
- VSE is raising its full-year 2025 revenue growth guidance to 38% to 40% and its Aviation segment Adjusted EBITDA margin guidance to 17.0% to 17.25%.
- The company announced several new and renewal program awards, including exclusive global distribution agreements with AMETEK SFMS and Hughes Treitler, an expanded collaboration with Eaton, and a global distribution agreement with Bridgestone Aircraft Tire.
- As of September 30, 2025, VSE had an adjusted net leverage ratio of approximately 2.0x and generated $24.1 million of operating cash flow in the third quarter of 2025.
Oct 27, 2025, 8:02 PM
Quarterly earnings call transcripts for VSE.
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