NASDAQ$VSEC
VSE Corporation · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
VSE Corporation announced record revenue and profitability for its Aviation segment in the fourth quarter and full year 2024.
VSE Corporation reported strong fourth-quarter 2024 results with a 27% increase in total revenues and a 21% increase in GAAP Net Income, primarily driven by record performance in its Aviation segment. The company also announced strategic transformations, including the acquisition of two commercial aviation aftermarket businesses and the divestiture of its Federal and Defense Services segment.
- Total Revenues increased by 27% to $299.0 million in Q4 2024.
- GAAP Net Income increased by 21% to $15.5 million in Q4 2024.
- Aviation segment revenue increased 48% year-over-year to a record $227.4 million.
- Adjusted EBITDA increased by 26% to $39.5 million in Q4 2024.
Headline financials
Revenue & EPS history
VSE · Revenue · Quarterly
$299M
Revenue by segment
VSE · $61M total across 1 segment · Q4 2019
- Aviation$61M+42.3%100.0%
Forward guidance
VSE Corporation expects strong revenue growth and improved profitability for its Aviation segment in 2025, while not providing guidance for the Fleet segment due to its announced sale.
Tailwinds
- Aviation segment full year 2025 revenue growth is expected to be 35% to 40% year-over-year.
- Full year revenue growth includes contributions from TCI and Kellstrom acquisitions.
- Aviation segment full year 2025 Adjusted EBITDA margin is expected to be between 15.5% and 16.5%.
- The company is focused on driving above-market revenue growth in 2025.
- The company aims to enhance profitability, integrate recent acquisitions, and generate stronger free cash flow throughout 2025.
Headwinds
- The near-term margin dilution impact from the TCI and Kellstrom acquisitions is expected.
- The company will not be providing guidance for the Fleet segment due to its announced sale.
- The Fleet segment sale is subject to customary closing conditions.
- The company's ability to successfully integrate recently acquired businesses could pose challenges.
- Future business conditions resulting in impairments could negatively impact results.
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 Q4 2024
+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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro