Company profile

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

VSEC stock data

(
)

Calendar

31 Jul 19
17 Oct 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 189.11M 169.92M 181M 168.93M
Net income 9.9M 6.6M 9.24M 10.03M
Diluted EPS 0.89 0.6 0.84 0.92
Net profit margin 5.23% 3.89% 5.11% 5.94%
Operating income 16.42M 11.81M 13.09M 15.7M
Net change in cash -69K 667K -727K 265K
Cash on hand 760K 829K 162K 889K
Cost of revenue
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 697.22M 760.11M 691.79M 533.98M
Net income 35.08M 39.1M 26.79M 24.92M
Diluted EPS 3.21 3.6 2.47 2.31
Net profit margin 5.03% 5.14% 3.87% 4.67%
Operating income 54.23M 54.33M 51.53M 50.54M
Net change in cash -462K 196K -312K 477K
Cash on hand 162K 624K 428K 740K
Cost of revenue 395.57M 337.96M 206.57M

Financial data from VSE earnings reports

Financial report summary

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Risks
  • Uncertain government budgets and shifting government priorities could delay contract awards and funding and adversely affect our ability to continue work under our government contracts. Additionally, federal procurement directives could result in our loss of work on current programs to small business set-asides and large multiple award contracts.
  • Increased market competition resulting from decreases in government spending for contract services and government contracting award criteria could adversely affect our ability to sustain our revenue levels.
  • Certain programs comprise a material portion of our revenue. Our work on large government programs presents a risk to revenue growth and sustainability and profit margins.
  • Global economic conditions and political factors could adversely affect our revenues.
  • Due to the nature of our work we could potentially be exposed to legal actions arising from our operations.
  • Technology security and cyber-attack risks could potentially impact our financial results.
  • Acquisitions, which have been a part of our business strategy in recent years, present certain risks.
  • The nature of our operations and work performed by our employees present certain challenges related to work force management.
  • Our business could be adversely affected by incidents that could cause an interruption in our operations or impose a significant financial liability on us.
  • We are subject to numerous government rules and regulations that could expose us to potential liabilities or work loss.
  • Our business could be adversely affected by government audits or investigations.
  • Investments in facilities could cause losses if certain work is disrupted or discontinued.
  • Environmental and pollution risks could potentially impact our financial results.
Management Discussion
  • Our revenues increased approximately $18.7 million or 11.0% for the second quarter of 2019 and approximately $11.7 million or 3.4% for the first six months of 2019, compared to the same periods of 2018. The change in revenues resulted primarily from an increase in revenues from our Aviation Group of approximately $19.2 million for the second quarter and approximately $35.8 million for the six months, which include revenues from our acquisition of 1st Choice Aerospace. Our Federal Services Group revenues were substantially unchanged for the second quarter and decreased approximately $19.5 million for the six months. Our Supply Chain Management Group revenues decreased approximately $458 thousand for the second quarter and decreased approximately $4.6 million for the six months.
Content analysis ?
Positive
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Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: build, comparison, GAAP, involved, Justice, larger, maintaining, newer, Recovery, restored, returned, thrust, traditional, unchanged, upward, workforce
Removed: medical, modest, sustaining