VSE Corporation Announces First Quarter 2021 Results

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Go back to VSE Corporation Announces First Quarter 2021 Results

VSE Corp. (VSEC) Tops Q1 EPS by 9c, Revenues Beat

April 28, 2021 4:45 PM EDT

VSE Corp. (NASDAQ: VSEC) reported Q1 EPS of $0.44, $0.09 better than the analyst estimate of $0.35. Revenue for the quarter came in at $165 million versus the consensus estimate of $153.29 million.

FIRST QUARTER 2021 RESULTS
(as compared to the First Quarter 2020)

Total Revenues of $165.0 million declined 7.0%GAAP Net Income of $5.1 million increased 53.4%Adjusted Net Income of $5.3 million declined 45.6%Adjusted EBITDA of $15.6 million declined 31.5%

MANAGEMENT COMMENTARY

We continued to leverage our unique value proposition across niche, high-value market verticals during the first quarter of 2021, while advancing our business... More