Company profile

Ticker
VSEC
Exchange
Website
CEO
John Anthony Cuomo
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
540649263

VSEC stock data

(
)

Calendar

1 May 20
10 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 177.42M 195.27M 198.33M 189.11M
Net income 3.33M 10M 10.53M 9.9M
Diluted EPS 0.3 0.9 0.95 0.89
Net profit margin 1.88% 5.12% 5.31% 5.23%
Operating income 9.73M 14.81M 17.22M 16.42M
Net change in cash -191K -361K 335K -69K
Cash on hand 543K 734K 1.1M 760K
Cost of revenue
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 752.63M 697.22M 760.11M 691.79M
Net income 37.02M 35.08M 39.1M 26.79M
Diluted EPS 3.35 3.21 3.6 2.47
Net profit margin 4.92% 5.03% 5.14% 3.87%
Operating income 60.26M 54.23M 54.33M 51.53M
Net change in cash 572K -462K 196K -312K
Cash on hand 734K 162K 624K 428K
Cost of revenue 395.57M 337.96M

Financial data from VSE earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
27 May 20 Ferguson Iii Mark E Common Stock, par value $.05 Buy Aquire P No 25.38 250 6.35K 8,200
15 Apr 20 John A Cuomo Common Stock, par value $.05 Payment of exercise Dispose F No 0 5,190 0 27,087
15 Apr 20 John A Cuomo Common Stock, par value $.05 Grant Aquire A No 0 19,267 0 32,277
18 Mar 20 John A Cuomo Common Stock, par value $.05 Buy Aquire P No 14.7 3,500 51.45K 13,010
17 Mar 20 Kiernan Thomas M Common Stock, par value $.05 Buy Aquire P No 19.5 1,100 21.45K 37,199
16 Mar 20 Wheeler Chad Common Stock, par value $.05 Payment of exercise Dispose F No 0 1,374 0 12,290
16 Mar 20 Wheeler Chad Common Stock, par value $.05 Grant Aquire A No 0 5,022 0 13,664
72.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 67 79 -15.2%
Opened positions 3 4 -25.0%
Closed positions 15 1 +1400.0%
Increased positions 30 28 +7.1%
Reduced positions 21 25 -16.0%
13F shares
Current Prev Q Change
Total value 173.88M 371.62M -53.2%
Total shares 8.03M 7.7M +4.3%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Koonce Calvin Scott 1.86M $30.53M +0.1%
FMR 1.65M $27.01M +0.1%
Dimensional Fund Advisors 669.63K $10.98M +2.2%
BLK BlackRock 640.91K $10.51M +1.0%
Vanguard 463.46K $7.6M +14.2%
PNC The PNC Financial Services Group Inc 233.57K $3.83M +23257.2%
Montgomery Investment Management 227.05K $3.72M -3.1%
Mutual Of America Capital Management 213.39K $3.5M +10.2%
STT State Street 206.22K $3.38M -10.9%
Kendall Capital Management 164.33K $2.69M +2.8%
Largest transactions
Shares Bought/sold Change
PNC The PNC Financial Services Group Inc 233.57K +232.57K +23257.2%
JPM JPMorgan Chase & Co. 32.99K -133.81K -80.2%
Advisor 118.01K +118.01K NEW
Vanguard 463.46K +57.75K +14.2%
22NW 44.18K +44.18K NEW
STT State Street 206.22K -25.35K -10.9%
Sontag Advisory 23K +23K NEW
Mutual Of America Capital Management 213.39K +19.71K +10.2%
Renaissance Technologies 31.6K +18.7K +145.0%
First Wilshire Securities Management 77.41K +17.95K +30.2%

Financial report summary

?
Risks
  • The COVID-19 outbreak has adversely affected and could in the future continue to adversely affect our business.
  • As a result of the disruptions caused by the COVID-19 global pandemic, if we are unable to re-commence normal operations in the near-term, we may be out of compliance with the financial covenants in our debt facility.
  • The COVID-19 outbreak has adversely impacted our global supply chain network, which could result in significant shipping delays and a material reduction of available products.
Management Discussion
  • Our revenues increased approximately $7.5 million or 4.4% for the first quarter of 2020 compared to the same period for the prior year. The change in revenues resulted from an increase in our Aviation segment of approximately $8.7 million, an increase in our Fleet segment of approximately $1.5 million, and a decrease in our Federal and Defense segment of approximately $2.7 million. See "Segment Operating Results" for a breakdown of our results of operations by segment.
  • Our costs and operating expenses increased approximately $3.2 million or 2.0% for the first quarter of 2020 compared to the same period for the prior year. Costs and operating expenses for our Aviation segment and our Fleet segment increased for the quarter and costs and operating expenses for our Federal and Defense segment decreased for the quarter due to changes in revenues. Costs and operating expenses for 2020 included approximately $300 thousand of earn-out adjustment expense. Costs and operating expenses for 2019 included approximately $1.1 million of acquisition related and executive succession costs.
  • Loss on sale of a business entity and certain assets of $7.5 million is comprised of the difference between the carrying value on our books for our Prime Turbines, LLC business and the sale price upon divestiture, plus the difference between the carrying value on our books of inventory sold that is used to support the operations of our divested Prime Turbines, LLC business and the sale price of the inventory upon divestiture.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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