VSEC Q1 2024 Earnings — VSE Corporation Revenue & Financial Results | Market Cap Arena

VSECVSE Corporation

$5B

Q1 2024 Earnings

Industrials Aerospace & Defense

Income Statement

Revenue

$162M-13.9% YoY

Gross Profit

$19M11.4% margin

Operating Income

$17M10.6% margin

Net Income

-$19M-11.9% margin

EPS (Diluted)

$-1.22

QoQ Revenue Growth

-31.0%

Cash Flow

Operating Cash Flow

-$79M

Free Cash Flow

-$87M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.3B

Total Liabilities

$724M

Stockholders' Equity

$613M

Cash & Equivalents

$11M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$162M	$189M	-13.9%
Gross Profit	$19M	$19M	-1.4%
Operating Income	$17M	$17M	+1.6%
Net Income	-$19M	$9M	-311.4%

Revenue Segments

Product

$187M77%

Service

$54M23%