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VSE Corporation Announces Fourth Quarter and Full Year 2025 Results
Record Revenue and Profitability for Aviation Segment Announces Full Year 2026 Guidance MIRAMAR, Fla.--(BUSINESS WIRE)-- VSE Corporation (NASDAQ: VSEC;

About this update from Vse Corporation
[{"type":"text","content":"\nRecord Revenue and Profitability for Aviation Segment\n\n\nAnnounces Full Year 2026 Guidance\n\n\n MIRAMAR, Fla.--(BUSINESS WIRE)--\nVSE Corporation (NASDAQ: VSEC; “VSE”, or the “Company”), a leading provider of aviation aftermarket distribution and repair services, announced today results for the fourth quarter and full year 2025.\n\n\nFOURTH QUARTER 2025 RESULTS(1)\n(As compared to the Fourth Quarter 2024)\n\n\n\nTotal Revenues of $301.2 million increased 32%\n\n\n\nGAAP Net Income of $22.3 million increased 114%\n\n\n\nGAAP EPS (Diluted) of $0.98 increased 92%\n\n\n\nAdjusted EBITDA(2) of $51.8 million increased 55%\n\n\n\nAdjusted Net Income(2) of $26.4 million increased 108%\n\n\n\nAdjusted EPS (Diluted)(2) of $1.16 increased 84%\n\n\n\nFULL-YEAR 2025 RESULTS(1)\n(As compared to the Full-Year 2024)\n\n\n\nTotal Revenues of $1.1 billion increased 41%\n\n\n\nGAAP Net Income of $53.5 million increased 176%\n\n\n\nGAAP EPS (Diluted) of $2.52 increased 133%\n\n\n\nAdjusted EBITDA(2) of $182.9 million increased 56%\n\n\n\nAdjusted Net Income(2) of $83.2 million increased 121%\n\n\n\nAdjusted EPS (Diluted)(2) of $3.92 increased 87%\n\n\n\n\n\n(1) From continuing operations \n\n\n\n\n\n\n\n\n(2) Non-GAAP measure. See additional information at the end of this release regarding non-GAAP financial measures\n\n\n\n\n\n\n\nMANAGEMENT COMMENTARY\n\n\n“2025 was an exceptional and transformational year for VSE,” said John Cuomo, President and Chief Executive Officer of VSE Corporation. “We completed our evolution to a pure-play aviation aftermarket company, delivered record Aviation revenue and profitability, surpassed $1 billion in Aviation revenue for the first time in our history, and strengthened our balance sheet. These results reflect disciplined execution and validate the strategy we have been advancing over the past several years.\"\n\n\n“During the year, we sharpened our portfolio through the divestiture of our Fleet segment, expanded our engine and component capabilities through highly complementary acquisitions, advanced key OEM programs, increased MRO capacity, and accelerated integration activities across the platform. Each of these actions enhances our operating leverage, deepens our proprietary capabilities, and strengthens our competitive positioning in the global aviation aftermarket,\" Mr. Cuomo continued.\n\n\n“Importa...