VSEC Q1 2022 Earnings — VSE Corporation Revenue & Financial Results | Market Cap Arena

VSECVSE Corporation

$5B

Q1 2022 Earnings

Industrials Aerospace & Defense

Income Statement

Revenue

$231M+40.2% YoY

Gross Profit

$13M5.5% margin

Operating Income

$12M5.2% margin

Net Income

$6M2.7% margin

EPS (Diluted)

$0.49

QoQ Revenue Growth

+10.0%

Cash Flow

Operating Cash Flow

-$18M

Free Cash Flow

-$19M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$921M

Total Liabilities

$497M

Stockholders' Equity

$424M

Cash & Equivalents

$498,000

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$231M	$165M	+40.2%
Gross Profit	$13M	$10M	+33.0%
Operating Income	$12M	$10M	+24.1%
Net Income	$6M	$5M	+22.2%

Revenue Segments

Product

$137M59%

Service

$94M41%