VSE CORP (VSEC) Form 8-K — Nov 4, 2026
VSE Corporation delivered record Q3 2026 results, with revenue surging 91.2% year-over-year to $541.0 million and GAAP net income from continuing operations jumping to $47.3 million from $3.6 million a year ago. Approximately 17% of the growth was organic, driven by strong commercial aviation engine aftermarket demand, while acquisitions including Precision Aviation Group and Atech Turbine Components contributed roughly 74 percentage points of growth. Adjusted EBITDA rose 126.3% to a record $107.2 million, with margin expanding about 310 basis points to 19.8%.
Key figures
- Eps
- 1.49
- Revenue
- 541006000
- Guidance
- FY2026 revenue growth raised to 65%-66.5% (from 61%-64%); Adjusted EBITDA margin raised to 18.9%-19.1% (from 18.7%-19.0%)
- Net Income
- 47264000
- Total Debt
- 978793000
- Revenue Yoy
- 91.2%
- Total Assets
- 4479958000
- Cash Position
- 65786000
- Shares Outstanding
- 28071222
- Net debt
- 894153000
- Adjusted eps
- 2.01
- Gaap eps yoy
- 776.5%
- Free cash flow
- 46619000
- Adjusted ebitda
- 107165000
- Adjusted eps yoy
- 48.9%
- Prior year q3 eps
- 0.17
- Adjusted ebitda yoy
- 126.3%
- Adjusted net income
- 63758000
- Gaap net income yoy
- 1,216.2%
- Operating cash flow
- 55991000
- Prior year q3 revenue
- 282909000
- Adjusted ebitda margin
- 19.8%
- Organic revenue growth
- approximately 17%
- Prior year q3 net income
- 3591000
- Adjusted net leverage ratio
- 2.3x
- Unused revolver commitments
- 479200000
AI analysis
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