VSE Reports Financial Results for Fourth Quarter and Year Ended 2017
VSE Corporation (VSEC)
US:NASDAQ Investor Relations:
ir.vsecorp.com
Company Research
Source: Business Wire
DoD Increases Drive Revenue Growth for the Year ALEXANDRIA, Va.--(BUSINESS WIRE)-- VSE Corporation (Nasdaq: VSEC) reported the following consolidated financial results for the three months and twelve months ended December 31, 2017. CEO Commentary “Our Federal Services Group was the primary driver of our revenue increase in 2017 due to continued growth in our DoD work,” said Maurice “Mo” Gauthier, VSE CEO. “That said, federal government budget uncertainties in the fourth quarter of 2017 adversely affected our contract funding and backlog. Our Supply Chain Management Group revenues increased for the year and our Aviation Group revenues increased in the fourth quarter as a result of new work initiatives." Mr. Gauthier continued, "Our increase in net income for the year is due in large part to the enactment of the Tax Cuts and Jobs Act, which resulted in a reduction in our deferr
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Sec Filings
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