NASDAQ$VSEC
VSE Corporation · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Revenue increased 38% year-over-year, with Aviation segment achieving a record $105 million revenue quarter.
VSE Corporation reported strong second-quarter results, driven by revenue growth across all segments and focused execution on new program wins. Total revenues increased by 38% year-over-year, with the Aviation segment achieving a record revenue quarter. The company continued to advance its growth and diversification strategy, focusing on aftermarket parts distribution and MRO services.
- Total revenues increased 38% year-over-year to $241.7 million.
- GAAP Net Income increased $19.9 million to $7.5 million.
- Aviation segment revenue increased 121% year-over-year to a record $105.0 million.
- Fleet segment revenue increased 12% year-over-year, with commercial revenue up 48%.
Headline financials
Revenue & EPS history
VSE · Revenue · Quarterly
$242M
Revenue by segment
VSE · $61M total across 1 segment · Q4 2019
- Aviation$61M+42.3%100.0%
Forward guidance
VSE expects to generate positive cash flow for the full year, as well as a corresponding improvement in net leverage.
Tailwinds
- Continued growth and diversification strategy.
- Focused execution on new program wins.
- Strong year-over-year growth in revenue and profitability.
- Record-revenue quarter within both Aviation and commercial Fleet.
- Demand for products and services in growing, fragmented markets.
Headwinds
- Expiration of a certain U.S. Army contract.
- Decline in segment adjusted EBITDA due to a higher mix of cost-plus contracts.
- Decrease in bookings primarily driven by the expiration of a certain U.S. Army contract.
- Russia/Ukraine conflict
- Net cash used in operating activities
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
+1.9%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+2.2%
Avg return
30 days after
49%
32 / 65 earnings
Positive
+34.8%
Q3 2015
Best reaction
-20.5%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.1% | -9.5% | -9.4% | |
| Q4 2025 | +3.0% | -1.3% | -22.2% | |
| Q3 2025 | -1.3% | -1.0% | -1.4% | |
| Q1 2025 | +7.9% | +11.3% | +13.2% | |
| Q4 2024 | +16.7% | +14.8% | +15.5% | |
| Q3 2024 | +7.6% | +13.6% | +11.6% | |
| Q2 2024 | -3.3% | -11.4% | +6.8% | |
| Q1 2024 | -4.9% | -10.8% | -3.3% | |
| Q4 2023 | +3.6% | +0.2% | +10.3% | |
| Q3 2023 | +8.8% | +8.8% | +14.2% | |
| Q2 2023 | -2.3% | +0.6% | -0.1% | |
| Q1 2023 | +25.7% | +13.1% | +11.2% | |
| Q4 2022 | -20.5% | -28.2% | -25.1% | |
| Q3 2022 | -0.8% | +6.7% | +12.5% | |
| Q2 2022 | +15.1% | +16.6% | +23.3% | |
| Q1 2022 | +17.0% | +5.5% | +0.9% | |
| Q4 2021 | -4.9% | -9.0% | -15.6% | |
| Q3 2021 | +11.7% | +11.4% | +15.9% | |
| Q2 2021 | -3.1% | -7.4% | -5.0% | |
| Q1 2021 | +0.1% | +3.6% | +7.7% | |
| Q4 2020 | +0.9% | +6.0% | +3.6% | |
| Q3 2020 | -3.1% | +2.7% | +16.2% | |
| Q2 2020 | +3.8% | +0.9% | +4.8% | |
| Q1 2020 | -0.9% | -11.2% | +28.8% | |
| Q4 2019 | +3.9% | -6.0% | -35.2% | |
| Q3 2019 | +17.7% | +16.2% | +20.8% | |
| Q2 2019 | +14.2% | +17.6% | +24.2% | |
| Q1 2019 | -5.2% | -8.2% | -20.8% | |
| Q4 2018 | -3.0% | -3.5% | -12.1% | |
| Q3 2018 | +9.8% | +7.1% | +1.4% | |
| Q2 2018 | -5.1% | -8.5% | -18.1% | |
| Q1 2018 | -0.6% | -2.5% | -3.6% | |
| Q4 2017 | -2.1% | +0.3% | +6.6% | |
| Q3 2017 | -13.8% | -15.4% | -17.2% | |
| Q2 2017 | +9.2% | +18.8% | +11.3% | |
| Q1 2017 | -2.6% | -1.9% | -3.6% | |
| Q4 2016 | +0.0% | -2.9% | -4.6% | |
| Q3 2016 | -7.3% | -6.9% | +26.6% | |
| Q2 2016 | -6.3% | -8.7% | -3.4% | |
| Q1 2016 | -9.2% | — | — | |
| Q4 2015 | +9.7% | — | — | |
| Q3 2015 | +34.8% | — | — | |
| Q2 2015 | -2.5% | — | — | |
| Q1 2015 | -7.3% | — | — | |
| Q4 2014 | -1.0% | — | — | |
| Q3 2014 | +4.2% | — | — | |
| Q2 2014 | -9.4% | — | — | |
| Q1 2014 | +4.3% | — | — | |
| Q4 2013 | +0.0% | — | — | |
| Q3 2013 | -9.2% | — | — | |
| Q2 2013 | +4.7% | — | — | |
| Q1 2013 | -0.3% | — | — | |
| Q4 2012 | +2.3% | — | — | |
| Q3 2012 | -0.6% | — | — | |
| Q2 2012 | -1.7% | — | — | |
| Q1 2011 | +6.7% | — | — | |
| Q1 2012 | +0.2% | — | — | |
| Q4 2009 | +1.4% | — | — | |
| Q4 2011 | +1.4% | — | — | |
| Q3 2011 | -7.2% | — | — | |
| Q2 2011 | +12.9% | — | — | |
| Q4 2010 | +12.9% | — | — | |
| Q3 2010 | -6.8% | — | — | |
| Q2 2010 | -0.3% | — | — | |
| Q1 2010 | +0.1% | — | — |
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