The earnings call reflects a strong operational and financial performance for VSE Corporation in Q2 2025, driven by strategic acquisitions, partnerships, and divestitures. Record revenue and profitability underscore the effectiveness of the company's transformation into a focused aviation aftermarket entity. Despite some initial challenges in the USM business and aftermarket softness, the overall outlook remains robust, supported by strong market demand and successful integration of recent acquisitions.

Company Guidance

In the second quarter of fiscal year 2025, VSE Corporation reported record financial performance, driven by strategic initiatives and acquisitions. The company achieved a 41% year-over-year increase in consolidated revenues, totaling $272 million, and a 52% rise in adjusted EBITDA to $43 million, with a margin of 16%. The Aviation segment alone generated $272 million in revenue, a 41% increase, with distribution and MRO revenue up by 50% and 27%, respectively. Adjusted net income rose 149% to $20 million, or $0.97 per diluted share. The firm completed the sale of its Fleet segment, focusing entirely on aviation aftermarket services, and secured a $700 million credit facility to support growth. The acquisition of Turbine Weld Industries enhanced their MRO capabilities, while the integration of TCI and Kellstrom strengthened operational synergies, contributing to a robust 2.2x adjusted net leverage ratio. Looking forward, VSE expects to maintain strong aviation segment revenue growth of 35% to 40% for the full year 2025, with adjusted EBITDA margins projected at 16.5% to 17%.

Record-Breaking Financial Performance

In Q2 2025, VSE Corporation achieved record revenue of $272 million, a 41% increase year-over-year. Adjusted EBITDA increased 52% to $43 million, with a 16% margin. Adjusted net income and earnings per share rose by 149% and 106%, respectively.

Strategic Acquisitions and Partnerships

The company completed the acquisition of Turbine Weld Industries and signed a 5-year authorized service center agreement with Eaton for hydraulic pump MRO support. These moves expand VSE's engine service capabilities and OEM relationships.

Successful Fleet Segment Divestiture

VSE Corporation completed the sale of its Fleet segment, marking its transformation into a pure-play aviation aftermarket company, allowing focus on higher-growth, higher-margin distribution and MRO services.

Strong Aviation Segment Growth

Aviation segment revenue increased 41%, driven by distribution revenue growth of 50% and MRO revenue growth of 27%. Organic aviation revenue grew approximately 13% year-over-year.

VSE (VSEC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

VSEC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	0.82 / -	0.71	―	―	―
Jul 30, 2025	2025 (Q2)	0.70 / 0.97	0.64	51.56% (+0.33)
May 06, 2025	2025 (Q1)	0.63 / 0.78	0.87	-10.34% (-0.09)
Feb 26, 2025	2024 (Q4)	0.72 / 0.90	0.85	5.88% (+0.05)
Nov 06, 2024	2024 (Q3)	0.60 / 0.71	0.92	-22.83% (-0.21)
Jul 31, 2024	2024 (Q2)	0.64 / 0.64	0.82	-21.95% (-0.18)
May 08, 2024	2024 (Q1)	0.72 / 0.87	0.83	4.82% (+0.04)
Mar 06, 2024	2023 (Q4)	0.75 / 0.85	0.68	25.00% (+0.17)
Nov 01, 2023	2023 (Q3)	0.76 / 0.92	0.73	26.03% (+0.19)
Jul 26, 2023	2023 (Q2)	0.75 / 0.82	0.75	9.33% (+0.07)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

VSEC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$141.48	$156.54	+10.64%
May 06, 2025	$117.96	$127.18	+7.82%
Feb 26, 2025	$100.83	$117.62	+16.65%
Nov 06, 2024	$105.93	$116.16	+9.66%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does VSE (VSEC) report earnings?

VSE (VSEC) is schdueled to report earning on Oct 29, 2025, TBA (Confirmed).

What is VSE (VSEC) earnings time?

VSE (VSEC) earnings time is at Oct 29, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is VSEC EPS forecast?

VSEC EPS forecast for the fiscal quarter 2025 (Q3) is 0.82.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing