Record-Breaking Revenue and Profitability
VSE Corporation reported record revenue of $256 million for Q1 2025, a 58% increase year-over-year, and record profitability, with an adjusted EBITDA increase of 60% to $40 million.
Strategic Divestiture and Focused Business Approach
Completion of the sale of the fleet segment, allowing VSE to focus on higher growth and margin opportunities in the aviation aftermarket.
Acquisition of Turbine Weld Industries
VSE acquired Turbine Weld Industries for approximately $50 million, enhancing their position in the aviation engine aftermarket.
New Eaton Service Center Agreement
Signed a new five-year authorized service center agreement with Eaton, marking Eaton's first authorized service center collaboration.
Strong Balance Sheet and Financial Flexibility
Ended Q1 2025 with a pro forma adjusted net leverage ratio of 2.2 times, following the sale of the fleet business.