VSEC Q3 2023 Earnings — VSE Corporation Revenue & Financial Results | Market Cap Arena

VSECVSE Corporation

$5B

Q3 2023 Earnings

Industrials Aerospace & Defense

Income Statement

Revenue

$231M+38.2% YoY

Gross Profit

$28M12.0% margin

Operating Income

$27M11.6% margin

Net Income

$10M4.1% margin

EPS (Diluted)

$0.64

QoQ Revenue Growth

+12.7%

Cash Flow

Operating Cash Flow

$15M

Free Cash Flow

$11M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.3B

Total Liabilities

$733M

Stockholders' Equity

$610M

Cash & Equivalents

$21M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$231M	$167M	+38.2%
Gross Profit	$28M	$16M	+77.2%
Operating Income	$27M	$15M	+77.1%
Net Income	$10M	$9M	+1.5%

Revenue Segments

Product

$185M80%

Service

$47M20%