Company Quick10K Filing
VSE
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 11 $384
10-K 2020-03-09 Annual: 2019-12-31
10-Q 2019-10-31 Quarter: 2019-09-30
10-Q 2019-07-31 Quarter: 2019-06-30
10-Q 2019-05-03 Quarter: 2019-03-31
10-K 2019-03-07 Annual: 2018-12-31
10-Q 2018-10-31 Quarter: 2018-09-30
10-Q 2018-07-27 Quarter: 2018-06-30
10-Q 2018-05-02 Quarter: 2018-03-31
10-K 2018-03-07 Annual: 2017-12-31
10-Q 2017-10-27 Quarter: 2017-09-30
10-Q 2017-07-27 Quarter: 2017-06-30
10-Q 2017-04-28 Quarter: 2017-03-31
10-K 2017-03-01 Annual: 2016-12-31
10-Q 2016-10-26 Quarter: 2016-09-30
10-Q 2016-07-29 Quarter: 2016-06-30
10-Q 2016-04-29 Quarter: 2016-03-31
10-K 2016-03-03 Annual: 2015-12-31
10-Q 2015-10-29 Quarter: 2015-09-30
10-Q 2015-07-30 Quarter: 2015-06-30
10-Q 2015-05-01 Quarter: 2015-03-31
10-K 2015-03-06 Annual: 2014-12-31
10-Q 2014-10-30 Quarter: 2014-09-30
10-Q 2014-08-01 Quarter: 2014-06-30
10-Q 2014-05-01 Quarter: 2014-03-31
10-K 2014-03-07 Annual: 2013-12-31
10-Q 2013-10-31 Quarter: 2013-09-30
10-Q 2013-07-31 Quarter: 2013-06-30
10-Q 2013-05-02 Quarter: 2013-03-31
10-K 2013-03-06 Annual: 2012-12-31
10-Q 2012-10-31 Quarter: 2012-09-30
10-Q 2012-08-02 Quarter: 2012-06-30
10-Q 2012-05-01 Quarter: 2012-03-31
10-K 2012-03-08 Annual: 2011-12-31
10-Q 2011-10-31 Quarter: 2011-09-30
10-Q 2011-08-02 Quarter: 2011-06-30
10-Q 2011-04-29 Quarter: 2011-03-31
10-K 2011-03-02 Annual: 2010-12-31
10-Q 2010-10-29 Quarter: 2010-09-30
10-Q 2010-07-30 Quarter: 2010-06-30
10-Q 2010-04-30 Quarter: 2010-03-31
10-K 2010-03-04 Annual: 2009-12-31
8-K 2020-02-27 Other Events
8-K 2020-02-27 Earnings, Exhibits
8-K 2020-01-27 Impairments
8-K 2019-12-10 Other Events
8-K 2019-11-26 Off-BS Arrangement, Exhibits
8-K 2019-10-29 Earnings, Exhibits
8-K 2019-09-24 Officers, Exhibits
8-K 2019-07-30 Other Events
8-K 2019-07-30 Earnings, Exhibits
8-K 2019-07-30 Officers, Exhibits
8-K 2019-05-21 Officers
8-K 2019-05-07 Other Events, Exhibits
8-K 2019-05-07 Shareholder Vote
8-K 2019-05-02 Earnings, Exhibits
8-K 2019-03-15 Officers, Exhibits
8-K 2019-03-14 Accountant, Exhibits
8-K 2019-02-28 Other Events
8-K 2019-02-28 Earnings, Exhibits
8-K 2019-01-10 Enter Agreement, M&A, Regulation FD, Exhibits
8-K 2018-12-11 Other Events
8-K 2018-10-30 Earnings, Exhibits
8-K 2018-07-26 Earnings, Exhibits
8-K 2018-07-26 Other Events
8-K 2018-04-30 Other Events, Exhibits
8-K 2018-04-30 Officers, Shareholder Vote
8-K 2018-04-30 Earnings, Exhibits
8-K 2018-03-01 Earnings, Exhibits
8-K 2018-03-01 Other Events
8-K 2018-01-05 Off-BS Arrangement, Exhibits

VSE Financials

VSEC Metrics, Comps, Filings

Annual | Quarterly

Business

We are a diversified services and supply chain management company that assists our clients in sustaining, extending the service life, and improving the performance of their transportation equipment and other assets and systems. We provide logistics and distribution services for legacy systems and equipment and professional and technical services to the United States Government (the "government"), including the United States Department of Defense ("DoD"), the United States Postal Service ("USPS"), federal civilian agencies, and commercial and other customers. Our largest customers are the DoD and the USPS. Our operations include supply chain management solutions, parts supply and distribution, and maintenance, repair, and overhaul ("MRO") services for vehicle fleet, aviation, and other clients; vehicle and equipment maintenance and refurbishment; logistics; engineering; energy services; IT and health care IT solutions; and consulting services.

VSE was incorporated in Delaware in 1959 and the parent company serves as a centralized managing and consolidating entity for our three operating groups, each of which consists of one or more wholly owned subsidiaries or unincorporated divisions that perform our services. VSE's operating groups consist of our Supply Chain Management Group, Aviation Group, and Federal Services Group. The term "VSE" or "Company" means VSE and its subsidiaries and divisions unless the context indicates operations of only VSE as the parent company.

We apply a broad array of capabilities and resources to support our clients' transportation assets, vehicle fleets, aircraft, systems, equipment and processes. We focus on creating value by sustaining the life and improving the performance of our client assets through core offerings in supply chain management, MRO, equipment refurbishment, logistics and engineering. We also provide IT solutions, health care IT, and consulting services.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Aerojet Rocketdyne Holdings (AJRD) 3,447,504 20% 10.6 7% 2,549,000 2,028,000 1,913,400 383,100 171,300 336,800 3,570,404
Kratos Defense & Security Solutions (KTOS) 2,426,492 27% 67.4 1% 1,173,600 598,700 672,100 182,600 13,800 38,200 2,572,792
Grana & Montero (GRAM) 2,217,480 0% 7,430,396 4,940,465 0 0 0 0 2,217,480
Granite Construction (GVA) 2,120,834 7% 20.2 -2% 2,558,141 1,350,733 3,357,257 240,614 -59,433 118,064 2,385,344
Astronics (ATRO) 1,377,510 24% 5.7 23% 767,263 292,297 812,863 192,189 175,503 258,842 1,482,686
Construction Partners (ROAD) 740,490 15% 9.0 8% 509,024 182,841 761,622 112,541 41,712 81,682 733,003
Great Lakes Dredge & Dock (GLDD) 704,492 23% 10.8 3% 869,131 617,653 701,060 161,878 29,416 83,726 901,313
Ducommun (DCO) 520,879 20% 14.5 3% 679,595 407,365 677,086 137,572 20,131 51,564 746,335
Willdan Group (WLDN) 422,313 30% 24.0 2% 341,392 193,867 354,013 107,365 5,735 20,165 484,850
Mistras Group (MG) 405,430 29% 16.4 0% 733,473 452,194 740,334 213,592 86 40,435 663,366
VSE (VSEC) 384,003 0% 9.2 4% 826,775 480,438 708,957 0 35,778 71,968 664,187
Sterling Construction (STRL) 349,207 10% 7.9 5% 499,895 325,202 1,034,476 103,272 26,443 45,658 361,804
Hill International (HIL) 157,450 31% -37.9 -6% 280,764 186,406 399,574 125,542 -16,137 -4,838 183,575
CPI Aerostructures (CVU) 97,518 21% 9.3 3% 153,624 55,379 99,857 20,519 4,397 10,814 100,255
Orion Group (ORN) 68,154 6% -2.1 -30% 362,789 230,040 165,985 10,254 -110,329 -69,734 148,395
Ecology & Environment (EEI) 46,992 66% -447.3 -3% 48,069 14,481 90,683 59,462 -1,615 -83 37,129
Air Industries (AIRI) 29,469 14% -4.6 -17% 53,319 43,025 52,233 7,202 -9,160 -6,184 28,535
ENGlobal (ENG) 28,791 12% -4.1 -20% 25,184 11,213 52,721 6,547 -4,971 -4,579 18,895
Stantec (STN)
Jacobs Engineering Group (J)

Balance Sheet ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash4511,501220263740428624162
Accounts Receivable117,56890,62178,38759,39178,471101,21898,33760,004
Inventory
PP&E57,11362,46893,93295,73264,30862,06155,14649,606
Assets454,512410,211380,529355,330622,134661,839629,013638,828
Accounts Payable50,35330,06331,75729,42440,08493,99966,01557,408
Long-Term Debt163,346140,20059,40048,600233,682214,644172,574162,734
Liabilities310,912245,876193,726149,841392,825406,645335,918310,433
Stockholders' Equity143,600164,335186,803205,489229,309255,194293,095328,395
Income Statement ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue527,908398,682314,306251,085215,841691,790409,984697,218
Cost of Revenue-503,655368,540295,223240,004208,254337,956395,573
Gross Profit1,031,56330,14219,08311,0817,587353,83414,411
R&D
SG&A5,2663,9683,2854,1403,2886,6092,4293,714
Tax12,42016,48815,6389,93415,94918,8865,98910,168
Net Income20,55221,29422,85219,36524,91826,79339,09635,080
Cash Flow ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating34,26059,47556,59849,71537,57447,19350,42018,855
Cash Investing-182,921-25,470-4,416-3,414-205,190-6,466-3,011-1,295
Cash Financing143,348-32,955-53,463-46,258168,093-41,039-47,213-18,022