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

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VSE Corporation Announces Second Quarter 2020 Results

July 29, 2020 5:00 PM EDT

ALEXANDRIA, Va.--(BUSINESS WIRE)-- VSE Corporation (NASDAQ: VSEC, VSE, or the Company), a leading provider of aftermarket distribution and maintenance, repair and overhaul (MRO) services for land, sea and air transportation assets for government and commercial markets, today announced results for the second quarter 2020.

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 charge Adjusted Net Income of $6.6 million decreased... More