VSE Corporation (VSEC) Bundle
A Brief History of VSE Corporation (VSEC)
Company Overview
VSE Corporation (NASDAQ: VSEC) is a government and defense services provider headquartered in Alexandria, Virginia. Founded in 1959, the company operates through multiple business segments serving federal and commercial markets.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $853.4 million |
| Net Income | $44.2 million |
| Market Capitalization | $525.6 million |
| Stock Price (as of January 2024) | $45.67 |
Business Segments
- Aviation
- Federal and Defense Services
- Supply Chain Management
- Strategic Consulting
Key Business Metrics
VSE Corporation employs approximately 2,500 professionals across multiple locations in the United States.
Government Contracts
The company maintains significant contracts with U.S. Department of Defense and various federal agencies.
Recent Strategic Developments
- Continued expansion of federal service offerings
- Investment in technology-driven solutions
- Enhanced cybersecurity service capabilities
Stock Performance
| Year | Stock Performance |
|---|---|
| 2022 | +12.3% |
| 2023 | +18.7% |
A Who Owns VSE Corporation (VSEC)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage |
|---|---|---|
| BlackRock Inc. | 1,058,475 | 14.23% |
| Dimensional Fund Advisors LP | 623,731 | 8.39% |
| The Vanguard Group, Inc. | 517,845 | 6.97% |
Insider Ownership
As of the latest SEC filing, VSE Corporation insider ownership stands at 3.7% of total outstanding shares.
Top Insider Shareholders
- Thomas R. Gorman (President and CEO): 58,234 shares
- Stephen D. Dombrosky (CFO): 22,675 shares
- John F. Cuomo (Executive Chairman): 45,612 shares
Public Float
The public float for VSE Corporation is 7,425,890 shares, representing approximately 85.6% of total outstanding shares.
VSE Corporation (VSEC) Mission Statement
Corporate Overview
VSE Corporation trades on NASDAQ under ticker VSEC. As of December 31, 2023, the company reported total revenue of $868.1 million.
Mission Statement Components
| Category | Description |
|---|---|
| Core Business | Provide engineering, technical, and logistics services to government and commercial customers |
| Annual Revenue (2023) | $868.1 million |
| Market Segments | Defense, Intelligence, Federal Services, Aviation, and Aftermarket Support |
Strategic Focus Areas
- Government services and solutions
- Aviation maintenance and support
- Supply chain management
- Technical and engineering services
Financial Performance Metrics
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $868.1 million |
| Net Income | $44.2 million |
| Earnings Per Share | $3.42 |
Key Service Offerings
- Fleet support services
- Logistics solutions
- Technical consulting
- Government contract management
Headquarters Location: Alexandria, Virginia
Employees: Approximately 2,700 as of 2023
How VSE Corporation (VSEC) Works
Company Overview
VSE Corporation trades on NASDAQ with ticker VSEC. As of Q4 2023, the company's market capitalization was $361.2 million. Annual revenue for fiscal year 2023 was $871.4 million.
Business Segments
VSE Corporation operates through three primary business segments:
- Aviation
- Technical Services
- Supply Chain Management
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $871.4 million |
| Net Income | $37.6 million |
| Earnings Per Share | $3.12 |
| Operating Cash Flow | $64.3 million |
Aviation Segment Details
The Aviation segment generates approximately 42% of total company revenue. Key customers include U.S. Department of Defense and commercial aviation clients.
Technical Services Segment
Technical Services accounted for 33% of 2023 revenues, focusing on maintenance, repair, and overhaul services for government and commercial customers.
Supply Chain Management
Supply Chain Management segment represented 25% of 2023 revenues, providing logistics and procurement solutions.
Geographical Presence
Headquarters located in Alexandria, Virginia. Operations span across multiple U.S. locations with federal government and commercial client base.
Stock Performance
| Stock Metric | 2024 Value |
|---|---|
| Current Stock Price | $48.75 |
| 52-Week High | $56.40 |
| 52-Week Low | $39.21 |
How VSE Corporation (VSEC) Makes Money
Business Segments
VSE Corporation operates through three primary business segments:
- Aviation
- Technical Services
- Supply Chain Management
Financial Performance
| Financial Metric | 2023 Amount |
|---|---|
| Total Revenue | $831.3 million |
| Net Income | $36.7 million |
| Gross Profit Margin | 13.4% |
Aviation Segment Revenue
The Aviation segment generates revenue through:
- Aircraft maintenance services
- Modification and repair operations
- Government and commercial aviation support
| Aviation Segment Details | 2023 Value |
|---|---|
| Segment Revenue | $434.2 million |
| Government Contracts | $312.6 million |
Technical Services Segment
Technical Services provide engineering and logistics support to federal agencies.
| Technical Services Metrics | 2023 Data |
|---|---|
| Segment Revenue | $267.5 million |
| Major Clients | U.S. Navy, U.S. Army |
Supply Chain Management Segment
Focuses on logistics and supply chain solutions for government and commercial clients.
| Supply Chain Management | 2023 Figures |
|---|---|
| Segment Revenue | $129.6 million |
| Inventory Management Services | $58.3 million |
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