VSE Corporation's earnings call reflects a strong positive sentiment, driven by record financial performance, strategic focus on the aviation aftermarket, successful acquisitions, and enhanced financial flexibility. While there were some challenges such as a strategic decline in USM revenue and initial tariff-related softness, the company's positive achievements significantly outweigh these issues.

Company Guidance -

Q3 2025

During the VSE Corporation's Second Quarter 2025 Earnings Conference Call, the company provided a positive outlook with multiple record achievements. They reported a 41% increase in consolidated revenues, reaching $272 million, and a 52% rise in adjusted EBITDA to $43 million, representing 16% of revenue. The aviation segment showed notable growth, with a 50% increase in distribution revenue and a 27% rise in MRO revenue, leading to a 48% increase in aviation adjusted EBITDA to a record $47 million or 17.1% of revenue. The company completed the sale of its Fleet segment and focused on expanding its aviation aftermarket presence, including acquiring Turbine Weld Industries. They also secured a $700 million credit facility, enhancing financial flexibility. The guidance for 2025 included maintaining aviation segment revenue growth between 35% and 40%, with an increased adjusted EBITDA margin target of 16.5% to 17%. VSE anticipates continued strength in the aviation aftermarket, with engine-related MRO and distribution revenue now constituting over 50% of total aviation revenue.

Record Financial Performance

VSE Corporation reported record revenue, profitability, and margins in Q2 2025. Consolidated revenues increased 41% to $272 million, with adjusted EBITDA increasing 52% to $43 million. Adjusted net income increased by 149% to $20 million, and adjusted net income per diluted share increased by 106%.

Strategic Divestiture and Focus

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

Acquisitions and Partnerships

VSE acquired Turbine Weld Industries, expanding its engine service capabilities. It also signed a new 5-year authorized service center agreement with Eaton for hydraulic pump MRO support, marking Eaton's first authorized aftermarket repair partnership.

Strong Aviation Segment Growth

Aviation segment revenue increased by 41%, with distribution revenue up 50% and MRO revenue up 27%. Adjusted EBITDA margin improved by 80 basis points year-over-year, driven by favorable pricing and product mix.

Financial Flexibility

VSE secured a new $700 million credit facility, providing more flexibility and a lower total cost of capital to support growth. The company achieved an adjusted net leverage ratio of 2.2x.

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

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VSEC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	0.86 / -	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 0.86.

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