VSEC Q2 2023 Earnings — VSE Corporation Revenue & Financial Results | Market Cap Arena

VSECVSE Corporation

$5B

Q2 2023 Earnings

Industrials Aerospace & Defense

Income Statement

Revenue

$205M+20.9% YoY

Gross Profit

$22M10.8% margin

Operating Income

$21M10.1% margin

Net Income

$9M4.3% margin

EPS (Diluted)

$0.69

QoQ Revenue Growth

+8.8%

Cash Flow

Operating Cash Flow

-$16M

Free Cash Flow

-$20M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$604M

Stockholders' Equity

$469M

Cash & Equivalents

$4M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$205M	$170M	+20.9%
Gross Profit	$22M	$11M	+101.3%
Operating Income	$21M	$11M	+95.9%
Net Income	$9M	$8M	+17.3%

Revenue Segments

Product

$166M81%

Service

$39M19%