VSE CORP (VSEC) Form 10-Q — Nov 5, 2026
VSE Corporation delivered record Q3 2026 results, with revenue of $541.0 million up 91% year-over-year and net income from continuing operations of $47.3 million versus $3.6 million a year ago. Diluted EPS from continuing operations was $1.49 versus $0.17 in the prior-year quarter. The transformation was driven by the $2.02 billion acquisition of Precision Aviation Group completed May 5, 2026, which contributed $173.7 million of Q3 revenue, plus the Aero 3, NorthStar, and Atech acquisitions.
Key figures
- Eps
- 1.5
- Revenue
- 541006000
- Net Income
- 47264000
- Total Debt
- 959939000
- Revenue Yoy
- 91%
- Total Assets
- 4479958000
- Cash Position
- 65786000
- Shares Outstanding
- 28071358
- Goodwill
- 1853509000
- Max pag earnout
- 125000000
- Nine month revenue
- 1314723000
- Q3 operating income
- 77451000
- Term loan b facility
- 900000000
- Q3 effective tax rate
- 25.4%
- Pag q3 revenue contribution
- 173666000
- Earnout obligation fair value
- 24970000
- Revolving facility upsized to
- 500000000
- Pag acquisition total consideration
- 2020007000
- Nine month net income continuing ops
- 104842000
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