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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
CEO
John Cuomo
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
540649263

VSEC stock data

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Calendar

5 Mar 21
21 Apr 21
31 Dec 21
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

Beta Read what these cash burn values mean

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

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 Prev Q Change
Total holders 79 69 +14.5%
Opened positions 15 5 +200.0%
Closed positions 5 6 -16.7%
Increased positions 28 18 +55.6%
Reduced positions 21 29 -27.6%
13F shares
Current Prev Q Change
Total value 416M 315.13M +32.0%
Total shares 8.36M 8.06M +3.8%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Koonce Calvin Scott 1.86M $71.69M 0.0%
FMR 1.65M $63.65M -0.1%
Dimensional Fund Advisors 679.62K $26.16M -0.4%
BLK Blackrock 635.36K $24.46M +3.6%
Vanguard 472.82K $18.2M +1.6%
FIL 438.9K $16.89M +18.3%
Legal Advantage Investments 228.95K $8.81M NEW
Montgomery Investment Management 227.05K $8.74M 0.0%
Mutual Of America Capital Management 222.36K $8.56M 0.0%
Kendall Capital Management 164.33K $6.33M 0.0%
Largest transactions
Shares Bought/sold Change
Legal Advantage Investments 228.95K +228.95K NEW
PNC PNC Financial Services 27.05K -206.32K -88.4%
Harbert Fund Advisors 97.94K +75.07K +328.3%
FIL 438.9K +68.05K +18.3%
Willis Investment Counsel 38.24K -65.55K -63.2%
Walthausen & Co. 53.05K +53.05K NEW
Roubaix Capital 38.37K +38.37K NEW
Hendershot Investments 98.92K -26.66K -21.2%
Private Management 36.2K +24.08K +198.7%
BK Bank Of New York Mellon 74.04K +23.57K +46.7%

Financial report summary

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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
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