VSEC Q1 2023 Earnings — VSE Corporation Revenue & Financial Results | Market Cap Arena

VSECVSE Corporation

$5B

Q1 2023 Earnings

Industrials Aerospace & Defense

Income Statement

Revenue

$189M-18.4% YoY

Gross Profit

$19M10.0% margin

Operating Income

$17M9.0% margin

Net Income

$9M4.8% margin

EPS (Diluted)

$0.71

QoQ Revenue Growth

+9.7%

Cash Flow

Operating Cash Flow

-$49M

Free Cash Flow

-$52M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.0B

Total Liabilities

$587M

Stockholders' Equity

$457M

Cash & Equivalents

$532,000

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$189M	$231M	-18.4%
Gross Profit	$19M	$13M	+46.8%
Operating Income	$17M	$12M	+42.5%
Net Income	$9M	$6M	+46.0%

Revenue Segments

Product

$159M62%

Service

$96M38%