VSEC VSE
VSE is a leading provider of aftermarket distribution and repair services for land, sea and air transportation assets for government and commercial markets. Core services include maintenance, repair and overhaul (MRO) services, parts distribution, supply chain management and logistics, engineering support, and consulting and training services for global commercial, federal, military and defense customers. VSE also provides information technology and energy consulting services.
Company profile
Ticker
VSEC
Exchange
Website
CEO
John Cuomo
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
AECOM • Tetra Tech • Hill International • Mistras • Willdan • Englobal • Ecology & Environment • Acorn Energy • TORtec • Engility ...
SEC CIK
Corporate docs
IRS number
540649263
VSEC stock data
()
News
VSE Corporation Announces $37.5M In New Federal, Defense Contract Awards
20 Apr 21
Stocks That Hit 52-Week Highs On Friday
16 Apr 21
VSE Aviation Announces $1B Engine Accessories Distribution Agreement
13 Apr 21
Canaccord Genuity Maintains Buy on VSE, Raises Price Target to $52
19 Mar 21
Stocks That Hit 52-Week Highs On Friday
12 Mar 21
Press releases
VSE Corporation Announces First Quarter 2021 Results Conference Call Date
15 Apr 21
VSE Corp. to Host Earnings Call
5 Mar 21
VSE Corporation Announces Fourth Quarter and Full-Year 2020 Results
4 Mar 21
VSE Corporation Declares Quarterly Cash Dividend
4 Mar 21
VSE Corporation Acquires HAECO Special Services
1 Mar 21
Calendar
5 Mar 21
21 Apr 21
31 Dec 21
Financial summary
Quarter (USD) |
Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
Annual (USD) |
Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
Financial data from VSE earnings reports.
| Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 378K | 378K | 378K | 378K | 378K | 378K |
| Cash burn (monthly) | 57.67K | 29.67K | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) |
| Cash used (since last report) | 213.48K | 109.83K | n/a | n/a | n/a | n/a |
| Cash remaining | 164.52K | 268.17K | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 2.9 | 9.0 | n/a | n/a | n/a | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 15 Apr 21 | John A Cuomo | Common Stock, par value $.05 | Payment of exercise | Dispose F | No | No | 43.59 | 6,672 | 290.83K | 43,023 |
| 15 Apr 21 | John A Cuomo | Common Stock, par value $.05 | Grant | Aquire A | No | No | 0 | 19,267 | 0 | 49,695 |
| 31 Mar 21 | Kiernan Thomas M | RSU Common Stock | Grant | Aquire A | No | No | 0 | 3,493 | 0 | 3,493 |
| 31 Mar 21 | Benjamin E. Thomas | RSU Common Stock | Grant | Aquire A | No | No | 0 | 2,897 | 0 | 2,897 |
| 31 Mar 21 | Wheeler Chad | RSU Common Stock | Grant | Aquire A | No | No | 0 | 3,648 | 0 | 3,648 |
| 31 Mar 21 | Stephen D. Griffin | RSU Common Stock | Grant | Aquire A | No | No | 0 | 3,863 | 0 | 3,863 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
66.0% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 79 |
| Opened positions | 15 |
| Closed positions | 5 |
| Increased positions | 28 |
| Reduced positions | 21 |
13F shares |
Current |
|---|---|
| Total value | 416M |
| Total shares | 8.36M |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|---|---|
| Koonce Calvin Scott | 1.86M | $71.69M |
| FMR | 1.65M | $63.65M |
| Dimensional Fund Advisors | 679.62K | $26.16M |
| BLK Blackrock | 635.36K | $24.46M |
| Vanguard | 472.82K | $18.2M |
| FIL | 438.9K | $16.89M |
| Legal Advantage Investments | 228.95K | $8.81M |
| Montgomery Investment Management | 227.05K | $8.74M |
| Mutual Of America Capital Management | 222.36K | $8.56M |
| Kendall Capital Management | 164.33K | $6.33M |
Financial report summary
?Management Discussion
- Our revenues decreased by approximately $91 million or 12%% for the year ended December 31, 2020 as compared to the prior year. The change in revenues for this period resulted from decreases in our Aviation segment and Federal and Defense segment revenues of approximately $59 million and $59 million respectively, and an increase in our Fleet segment revenues of approximately $28 million. See "Segment Operating Results" for a breakdown of our results of operations by segment.
- Our costs and operating expenses decreased approximately $85 million or 12% in 2020 as compared to 2019. Costs and operating expenses for our operating segments increase and decrease in conjunction with the level of business activity and revenues generated by each segment.
- Costs and operating expenses for 2020 included an expense reduction of approximately $5.0 million for an adjustment to our earn-out obligation, an expense of approximately $1.0 million for executive transition costs, and an expense of approximately $700 thousand for severance pay related to a reduction in workforce associated with the COVID-19 pandemic induced reduction in demand. Costs and expenses for 2019 included expenses of approximately $2.3 million for acquisition related and executive transition costs.
Content analysis
?
| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. sophomore Avg
|
|
New words:
accuracy, Aid, albeit, alter, amid, antidilutive, back, Blair, bottom, broader, built, burden, Canaccord, carryforward, Category, certificated, cleaned, cleaning, clearer, column, Council, covenant, creation, culture, deemed, disaggregated, distancing, diversification, divestiture, drafting, duration, dynamic, ease, economy, encourage, essential, estate, evolve, evolving, FDS, FL, floor, function, Genuity, German, gradual, guideline, HAECO, half, highest, holding, HSS, human, implied, induced, insignificant, jurisdiction, kitting, leaseback, leave, lender, magnitude, mandated, manner, medium, met, midterm, muted, NaN, necessitate, nominal, October, onset, passenger, phased, picture, play, pool, premise, profile, promote, quarantined, real, reconciliation, recruitment, relocation, renaming, residual, resource, rest, revitalizing, robust, role, rotable, rotorcraft, sample, sanitizing, satisfactorily, sequentially, shelf, shut, specialist, speed, statute, strength, strive, strongly, suppressed, touch, trend, underwriting, underwritten, unfinished, unvested, upfront, upholding, vision, William
Removed:
acre, alleging, classification, collectability, comparability, court, Depot, disassembly, disclosing, District, doubtful, educational, immaterial, improved, intersegment, Joseph, lawsuit, length, listing, lowering, modify, Newspaper, opportunity, organic, passed, payroll, persuasive, positioned, prepaid, president, Red, rendered, repay, resignation, River, shipment, SIC, software, title, transparency, vacation, WBI
Financial reports
10-K
2020 FY
Annual report
5 Mar 21
10-Q
2020 Q3
Quarterly report
29 Oct 20
10-Q
2020 Q2
Quarterly report
30 Jul 20
10-Q
2020 Q1
Quarterly report
1 May 20
10-K
2019 FY
Annual report
9 Mar 20
10-Q
2019 Q3
Quarterly report
31 Oct 19
10-Q
2019 Q2
Quarterly report
31 Jul 19
10-Q
2019 Q1
Quarterly report
3 May 19
10-K
2018 FY
Annual report
6 Mar 19
10-Q
2018 Q3
Quarterly report
31 Oct 18
Current reports
8-K
VSE Corporation Announces Fourth Quarter and Full-Year 2020 Results
4 Mar 21
8-K
Vse Corporation Declares Quarterly Cash Dividend
4 Mar 21
8-K
Other Events
18 Feb 21
8-K
Vse Corporation Prices Public Offering of Its Common Stock
2 Feb 21
8-K
Vse Corporation Announces Proposed Offering of Its Common Stock
28 Jan 21
8-K
Vse Corporation Declares Quarterly Dividend
10 Dec 20
8-K
VSE Corporation Announces Third Quarter 2020 Results
28 Oct 20
8-K
VSE Corporation Announces Appointment of Stephen D. Griffin as Chief Financial Officer
16 Oct 20
8-K
VSE Corporation Announces CFO Retirement
1 Oct 20
8-K
VSE Corporation Appoints Benjamin E. Thomas Aviation Segment President
23 Sep 20
Registration and prospectus
424B2
Prospectus for primary offering
29 Jan 21
424B5
Prospectus supplement for primary offering
28 Jan 21
S-3
Shelf registration
19 Aug 20
S-8 POS
Registration of securities for employees (post-effective amendment)
12 May 14
S-8 POS
Registration of securities for employees (post-effective amendment)
12 May 14
S-8 POS
Registration of securities for employees (post-effective amendment)
12 May 14
S-8
Registration of securities for employees
6 May 14
S-8
Registration of securities for employees
6 May 14
S-8
Registration of securities for employees
3 Mar 10
S-8
Registration of securities for employees
18 May 06
Proxies
DEFR14A
Revised proxy
9 Apr 21
DEF 14A
Definitive proxy
2 Apr 21
DEF 14A
Definitive proxy
9 Apr 20
DEF 14A
Definitive proxy
9 Apr 19
DEF 14A
Definitive proxy
1 Apr 18
DEF 14A
Definitive proxy
3 Apr 17
DEFA14A
Additional proxy soliciting materials
4 Apr 16
DEF 14A
Definitive proxy
9 Apr 15
DEF 14A
Definitive proxy
14 Apr 14
DEF 14A
Definitive proxy
14 Apr 13
Other
EFFECT
Notice of effectiveness
1 Sep 20
CORRESP
Correspondence with SEC
26 Aug 20
UPLOAD
Letter from SEC
26 Aug 20
UPLOAD
Letter from SEC
2 Jan 17
CORRESP
Correspondence with SEC
15 Dec 16
UPLOAD
Letter from SEC
4 Dec 16
UPLOAD
Letter from SEC
9 Jan 14
CORRESP
Correspondence with SEC
16 Dec 13
UPLOAD
Letter from SEC
2 Dec 13
UPLOAD
Letter from SEC
28 Apr 09
Ownership
4
VSE / JOHN A CUOMO ownership change
16 Apr 21
4
VSE / JOHN A CUOMO ownership change
2 Apr 21
4
VSE / ROBERT ANDREW MOORE III ownership change
2 Apr 21
4
VSE / Stephen D. Griffin ownership change
2 Apr 21
4
VSE / Chad Wheeler ownership change
2 Apr 21
4
VSE / Benjamin E. Thomas ownership change
2 Apr 21
4
VSE / THOMAS M KIERNAN ownership change
2 Apr 21
4
VSE / JOHN A CUOMO ownership change
17 Mar 21
4
VSE / THOMAS M KIERNAN ownership change
17 Mar 21
4
VSE / ROBERT ANDREW MOORE III ownership change
17 Mar 21
Reddit threads
r/Stocks Daily Thread on Meme Stocks Sunday - Mar 28, 2021
28 Mar 21
Daily Discussion Thread - March 4th, 2021
4 Mar 21
Daily Discussion Thread - March 3rd, 2021
3 Mar 21
Daily Discussion Thread - March 2nd, 2021
2 Mar 21
Daily Discussion Thread - March 1st, 2021
1 Mar 21
Daily Discussion Thread - January 25th, 2021
25 Jan 21
Daily Discussion Thread - November 3rd, 2020
3 Nov 20
Daily Discussion Thread - November 2nd, 2020
2 Nov 20
Daily Discussion Thread - October 28th, 2020
28 Oct 20