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Stock impact report

VSE Corporation Announces Third Quarter 2024 Results

VSE Corporation (VSEC) 
US:NASDAQ Investor Relations: ir.vsecorp.com
Company Research Source: Business Wire
Record Revenue and Record Profitability for Aviation SegmentRaising Full Year 2024 Aviation Revenue Guidance ALEXANDRIA, Va.--(BUSINESS WIRE)--VSE Corporation (NASDAQ: VSEC, "VSE", or the "Company"), a leading provider of aftermarket distribution and repair services, announced today results for the third quarter 2024.THIRD QUARTER 2024 RESULTS(1)(As compared to the Third Quarter 2023)Total Revenues of $273.6 million increased 18.3%GAAP Net Income of $11.7 million decreased 3.8%GAAP EPS (Diluted) of $0.63 decreased 21.3%Adjusted EBITDA(2) of $33.2 million increased 2.6%Adjusted Net Income(2) of $13.1 million decreased 5.3%Adjusted EPS (Diluted)(2) of $0.71 decreased 22.8% 1 From continuing operations2 Non-GAAP measure. See additional information at the end of this release regarding non-GAAP financial measuresMANAGEMENT COMMENTARY"We are very pleased to announce our third quarter 2024 results, marked by the strongest quarterly performance in our Aviation segment's history, achieving Show less Read more
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