VSE Corporation Announces Second Quarter 2026 Results
VSE delivered Q2 revenue of $449.1 million, up 65% year-over-year, driven by the completed PAG and NorthStar acquisitions alongside 14% organic revenue growth. Adjusted EBITDA surged 98% to a record $86.0 million with a 320 basis point expansion in margin to 19.2%, prompting the company to raise its full-year revenue growth outlook to 61-64% and Adjusted EBITDA margin to 18.7-19.0%.
Key figures
- Eps
- 0.91
- Revenue
- 449100000
- Guidance
- FY2026 revenue growth 61-64%; FY2026 Adjusted EBITDA margin 18.7-19.0%
- Revenue Yoy
- 65.0%
- Adjusted eps
- 1.75
- Free cash flow
- 18700000
- Adjusted ebitda
- 86000000
- Operating income
- 48958000
- Adjusted net leverage
- 2.4x
- Adjusted ebitda margin
- 19.2%
- Organic revenue growth
- 14%
AI analysis
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