VSE Corp. (VSEC) Misses Q2 EPS by 3c ; Provides Outlook

VSE Corp. (NASDAQ: VSEC) reported Q2 EPS of $0.64, $0.03 worse than the analyst estimate of $0.67. Revenue for the quarter came in at $266 million versus the consensus estimate of $255.06 million.

GUIDANCE

VSE is reaffirming its full-year 2024 revenue growth and Adjusted EBITDA margin guidance for its Aviation segment. The guidance is as follows:

Aviation segment full-year 2024 revenue guidance range of 34% to 38% growth, as compared to the prior year.
Aviation segment full-year 2024 Adjusted EBITDA margin guidance range of 15.5% to 16.5%.

VSE is reaffirming its full-year 2024 revenue growth and Adjusted EBITDA margin guidance for its Fleet segment. The guidance is as follows:

Fleet segment full-year 2024 revenue guidance range is 0% to 5%, as compared to the prior year.
Fleet segment full-year 2024 Adjusted EBITDA margin guidance is 6% to 8%.

For earnings history and earnings-related data on VSE Corp. (VSEC) click here.

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