VSE Corporation Announces Third Quarter 2020 Results

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Go back to VSE Corporation Announces Third Quarter 2020 Results

VSE Corp. (VSEC) Tops Q3 EPS by 3c, Revenues Beat

October 28, 2020 5:11 PM EDT

VSE Corp. (NASDAQ: VSEC) reported Q3 EPS of $0.62, $0.03 better than the analyst estimate of $0.59. Revenue for the quarter came in at $165.5 million versus the consensus estimate of $163.03 million.

THIRD QUARTER 2020 RESULTS
(as compared to the third quarter 2019)

Total Revenues of $165.5 million declined 16.5%Total Revenues, excluding divestitures, declined 12.0% (1)GAAP Net Income of $8.1 million declined $2.4 millionAdjusted Net Income of $6.8 million declined $4.1 millionTotal Adjusted EBITDA of $18.0 million declined $6.5 millionGAAP EPS (Diluted) of $0.73/share declined $0.22/shareAdjusted EPS (Diluted) of $0.62/share declined $0.37/shareOperating Cash Flow of $12.4 million... More