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Stock impact report

VSE Corporation Announces First Quarter 2024 Results [Yahoo! Finance]

VSE Corporation (VSEC) 
US:NASDAQ Investor Relations: ir.vsecorp.com
Company Research Source: Yahoo! Finance
the "Company"), a leading provider of aftermarket distribution and repair services, announced today results for the first quarter 2024. FIRST QUARTER 2024 RESULTS (As compared to the First Quarter 2023) Total Revenues of $241.5 million increased 28.1% GAAP Net Income of $12.1 million increased 49.0% GAAP EPS (Diluted) of $0.76 increased 20.6% Adjusted EBITDA of $32.3 million increased 36.7% Adjusted Net Income of $13.9 million increased 50.2% Adjusted EPS (Diluted) of $0.87 increased 22.5% From continuing operations Non-GAAP measure. See additional information at the end of this release regarding non-GAAP financial measures MANAGEMENT COMMENTARY "We completed the first quarter of 2024 with record financial results," said John Cuomo, President and CEO of VSE Corporation. "Our Aviation segment reported 43% revenue growth and record Adjusted EBITDA margins of 17% in the quarter. The Aviation segment's robust results were supported by strong execution on recently a Show less Read more
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