VSE Corporation Company profile
About VSE Corporation
VSE Corporation is a provider of aftermarket supply chain management solutions. The Company is also engaged in parts supply for vehicle fleets; maintenance, repair, and overhaul (MRO) services and parts supply for aviation clients; vehicle and equipment maintenance and refurbishment; logistics; engineering; energy services; information technology (IT) and healthcare IT solutions; and consulting services. The Company operates through three segments: Aviation, Fleet, and Federal and Defense. Aviation segment provides aftermarket repair and distribution services to commercial, cargo, business and general aviation, military and defense, and rotorcraft customers globally. Fleet segment provides parts, inventory management, e-commerce fulfillment, logistics, supply chain support and other services to support the commercial aftermarket medium-and heavy-duty truck market, the United States Postal Service (USPS), and the Department of Defense (DoD).
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, VSE Corporation revenues increased 13% to $750.9M. Net income totaled $8M vs. loss of $5.2M. Revenues reflect Federal and Defence-Other government segment increase of 6% to $269.5M, Aviation-Other government segment increase of 2% to $247.9M, United States segment increase of 12% to $668.9M, Other country segment increase of 29% to $82M.
Equity composition
Common Stock $.05 Par, 4/11, 15M auth., 5,235,947 issd. Insiders own 22.33%. VSE Corp. PO 5/83, 502K shs. @ $99.21% by Advest, Inc. *NOTE: 5/95, Co. acqd. all o/s stock of CMstat Corp. 1/98, 5-for-4 stock split; 06/07 & 5/96, 2-for-1 stock splits.