VSE Corp. (VSEC) Announces $59 Million in New Contract Commitments

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Go back to VSE Corp. (VSEC) Announces $59 Million in New Contract Commitments

VSE Corp. (VSEC) Tops Q2 EPS by 26c, Revenues Beat

July 29, 2020 5:15 PM EDT

VSE Corp. (NASDAQ: VSEC) reported Q2 EPS of $0.60, $0.26 better than the analyst estimate of $0.34. Revenue for the quarter came in at $168.7 million versus the consensus estimate of $142 million.

SECOND QUARTER 2020 SUMMARY RESULTS AS COMPARED TO THE SECOND QUARTER 2019

Total Revenues of $168.7 million decreased 10.8%Total Revenues, excluding the impact Prime Turbines divestiture, decreased 6.8%GAAP Net Loss of $22.6 million decreased $32.5 million due to a non-cash impairment chargeAdjusted Net Income of $6.6 million decreased 35.8%Total Adjusted EBITDA of $17.2 million decreased 27.1%GAAP EPS (Diluted) of $(2.05)/share decreased $2.94/shareAdjusted EPS (Diluted) of $0.60/share decreased... More