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)
Tetra Tech • AECOM • Hill International • Mistras • Englobal • Ecology & Environment • Acorn Energy • Willdan • Galenfeha • TORtec ...
SEC CIK
Corporate docs
Subsidiaries
Energetics Incorporated • Akimeka, LLC • Wheeler Fleet Solutions, Co. • VSE Aviation, Inc. • VSE Aviation Services, Inc. • VSE Aviation Services, LLC • Global Parts, Inc. • Global Parts Aero Services, Inc. • Global Parts Group, Inc. ...
IRS number
540649263
VSEC stock data
Analyst ratings and price targets
Current price
Average target
$51.00
Low target
$48.00
High target
$55.00
Truist Securities
Maintains
$55.00
Canaccord Genuity
Maintains
$50.00
RBC Capital
Downgraded
$48.00
Calendar
28 Jul 22
12 Aug 22
31 Dec 22
Financial summary
| Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 371K | 371K | 371K | 371K | 371K | 371K |
| Cash burn (monthly) | 42.33K | (no burn) | (no burn) | (no burn) | 654.67K | (no burn) |
| Cash used (since last report) | 61.46K | n/a | n/a | n/a | 950.43K | n/a |
| Cash remaining | 309.54K | n/a | n/a | n/a | -579.43K | n/a |
| Runway (months of cash) | 7.3 | n/a | n/a | n/a | -0.9 | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 27 Jul 22 | Johnson Lloyd Emerson | Common Stock, par value $.05 | Grant | Acquire A | No | No | 0 | 1,369 | 0 | 1,369 |
| 27 Jul 22 | Anita D Britt | Common Stock, par value $.05 | Grant | Acquire A | No | No | 0 | 1,369 | 0 | 1,369 |
| 30 Jun 22 | Wheeler Chad | Common Stock, par value $.05 | Grant | Acquire A | No | No | 33.0704 | 228 | 7.54K | 17,499 |
Institutional ownership, Q1 2022
4.5% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 93 |
| Opened positions | 7 |
| Closed positions | 11 |
| Increased positions | 28 |
| Reduced positions | 39 |
| 13F shares | Current |
|---|---|
| Total value | 384.07M |
| Total shares | 8.33M |
| Total puts | 0 |
| Total calls | 14.9K |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| FMR | 1.77M | $81.66M |
| BLK Blackrock | 690.12K | $31.81M |
| Dimensional Fund Advisors | 683.38K | $31.5M |
| Royce & Associates | 609.26K | $28.08M |
| Vanguard | 509.59K | $23.49M |
| FIL | 507.01K | $23.37M |
| Legal Advantage Investments | 243.55K | $11.23M |
| Montgomery Investment Management | 226.15K | $10.42M |
| Mutual Of America Capital Management | 219.74K | $10.13M |
| Juniper Investment | 198.05K | $9.13M |
Financial report summary
?Management Discussion
- Revenues. Revenues increased for the three months ended June 30, 2022 as compared to the same period in the prior year primarily attributable to revenue growth within each of our segments: $57.5 million within our Aviation segment, $6.7 million within our Fleet segment, and $2.4 million within our Federal and Defense segment. See "Segment Operating Results" section below for further discussion of revenues by segment.
- Revenues increased for the six months ended June 30, 2022 as compared to the same period in the prior year primarily attributable to revenue growth within each of our segments: $106.4 million within our Aviation segment, $19.0 million within our Fleet segment, and $7.5 million within our Federal and Defense segment. See "Segment Operating Results" section below for further discussion of revenues by segment.
- Costs and Operating Expenses. Costs and operating expenses increased for the three and six months ended June 30, 2022 as compared to the same periods in the prior year primarily due to increases in revenue. Our 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. See "Segment Operating Results" for discussion of cost and operating expenses by segment.
Content analysis
?| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. sophomore Good
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New words:
beneficial, designated, encouraged, floating, optimizing, past, Provision, Russia, tenor, Ukrainian, unfavorable, viable
Financial reports
Current reports
8-K
Vse Corporation Declares Quarterly Cash Dividend
27 Jul 22
8-K
VSE Corporation Announces Second Quarter 2022 Results
27 Jul 22
8-K
VSE Corporation Appoints Two New Members to Board of Directors
20 Jul 22
8-K
Vse Corporation Declares Quarterly Cash Dividend
6 May 22
8-K
Submission of Matters to a Vote of Security Holders
6 May 22
8-K
VSE Corporation Announces First Quarter 2022 Results
27 Apr 22
8-K
VSE Corporation Announces Fourth Quarter and Full Year 2021 Results
9 Mar 22
8-K
Vse Corporation Declares Quarterly Cash Dividend
9 Mar 22
8-K
Vse Corporation Declares Quarterly Cash Dividend Increase
9 Dec 21
8-K
VSE Corporation Announces Appointment of
9 Dec 21
Registration and prospectus
S-8
Registration of securities for employees
21 Jun 21
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
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 / ANITA D BRITT ownership change
28 Jul 22
4
VSE / Lloyd Emerson Johnson ownership change
28 Jul 22
3
VSE / ANITA D BRITT ownership change
28 Jul 22
3
VSE / Lloyd Emerson Johnson ownership change
28 Jul 22
4
VSE / Farinaz S Tehrani ownership change
5 Jul 22
4
VSE / JOHN A CUOMO ownership change
5 Jul 22
4
VSE / Benjamin E. Thomas ownership change
5 Jul 22
4
VSE / Stephen D. Griffin ownership change
5 Jul 22
4
VSE / ROBERT ANDREW MOORE III ownership change
5 Jul 22
4
VSE / Chad Wheeler ownership change
5 Jul 22
Transcripts
2022 Q2
Earnings call transcript
30 Jul 22
2022 Q1
Earnings call transcript
29 Apr 22
2021 Q4
Earnings call transcript
10 Mar 22
2021 Q3
Earnings call transcript
31 Oct 21
2021 Q2
Earnings call transcript
1 Aug 21
2021 Q1
Earnings call transcript
2 May 21
2020 Q4
Earnings call transcript
5 Mar 21
2020 Q3
Earnings call transcript
31 Oct 20
2020 Q2
Earnings call transcript
2 Aug 20
2020 Q1
Earnings call transcript
1 May 20
Reddit threads
Daily Discussion Thread - July 27th, 2022
27 Jul 22
Daily Discussion Thread - July 26th, 2022
26 Jul 22
Daily Discussion Thread - July 25th, 2022
25 Jul 22
Daily Discussion Thread - July 12th, 2022
12 Jul 22
Daily Discussion Thread - July 11th, 2022
11 Jul 22
Daily Discussion Thread - May 3rd, 2022
3 May 22
Daily Discussion Thread - May 2nd, 2022
2 May 22
Daily Discussion Thread - April 27th, 2022
27 Apr 22
Daily Discussion Thread - April 26th, 2022
26 Apr 22
Daily Discussion Thread - April 25th, 2022
25 Apr 22