VSE Corporation Announces Second Quarter 2020 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- Needham Starts NeoVolta (NEOV) at Buy
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
VSE Corp. (VSEC) Tops Q2 EPS by 26c, Revenues Beat
July 29, 2020 5:15 PM EDTVSE 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