VSE CORPORATION


Associated tags: MRO, Information technology, Government, Transport, Logistics, Supply Chain Management, Maritime, Air, Manufacturing, Engineering, Trucking, Defense, Aerospace, Other Defense, Automotive Manufacturing, VSE Corporation, VSEC, Maintenance, Automotive, Contracts, VSE, Atmosphere

Locations: UNITED STATES, NORTH AMERICA, DISTRICT OF COLUMBIA, VIRGINIA, ILLINOIS, CHICAGO, MASSACHUSETTS, NEW YORK, BENCHMARK

VSE Corporation Announces June 2024 Investor Conference Schedule

Retrieved on: 
Tuesday, May 28, 2024

VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, announced today that VSE Corporation’s senior management will participate in the following upcoming conferences.

Key Points: 
  • VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, announced today that VSE Corporation’s senior management will participate in the following upcoming conferences.
  • John Cuomo, President and CEO of VSE Corporation, will present at 10:00 AM Central Time.
  • Stifel 2024 Cross Sector Insight Conference will be held in Boston, Massachusetts, on Wednesday, June 5, 2024.
  • The 2024 Wells Fargo Industrials Conference will be held in Chicago, Illinois, on Wednesday, June 12, 2024.

VSE Corporation Declares Quarterly Cash Dividend

Retrieved on: 
Thursday, May 23, 2024

VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, announced that the Company’s Board of Directors has declared a regular quarterly cash dividend of $0.10 per share of VSE common stock.

Key Points: 
  • VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, announced that the Company’s Board of Directors has declared a regular quarterly cash dividend of $0.10 per share of VSE common stock.
  • The dividend is payable on July 31, 2024 to stockholders of record at the close of business on July 17, 2024.

VSE Corporation Prices Public Offering of Common Stock

Retrieved on: 
Wednesday, May 15, 2024

VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, announced today that it has priced its previously announced underwritten public offering of 2,112,676 shares of its common stock at a price to the public of $71.00 per share.

Key Points: 
  • VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, announced today that it has priced its previously announced underwritten public offering of 2,112,676 shares of its common stock at a price to the public of $71.00 per share.
  • VSE has also granted the underwriters a 30-day option to purchase up to an additional 316,901 shares of common stock.
  • The offering is expected to close on May 17, 2024, subject to the satisfaction of customary closing conditions.
  • Net proceeds from the offering are expected to be approximately $141.0 million after deducting underwriting discounts and commissions and before estimated offering expenses.

VSE Corporation Announces Public Offering of Common Stock

Retrieved on: 
Tuesday, May 14, 2024

VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, announced today that it has commenced an underwritten public offering, subject to market and other conditions, of shares of its common stock pursuant to an effective shelf registration statement.

Key Points: 
  • VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, announced today that it has commenced an underwritten public offering, subject to market and other conditions, of shares of its common stock pursuant to an effective shelf registration statement.
  • In addition, VSE intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the public offering.
  • Jefferies, RBC Capital Markets and William Blair are acting as joint lead book-running managers and representatives of the underwriters for the offering.
  • The offering is being made only by means of a preliminary prospectus supplement and accompanying prospectus.

VSE Announces Leadership Transition

Retrieved on: 
Wednesday, May 8, 2024

VSE Corporation (NASDAQ: VSEC, "VSE", or the "Company"), a leading provider of aftermarket distribution and repair services, announced today the appointment of Tarang Sharma to interim Chief Financial Officer effective May 27, 2024.

Key Points: 
  • VSE Corporation (NASDAQ: VSEC, "VSE", or the "Company"), a leading provider of aftermarket distribution and repair services, announced today the appointment of Tarang Sharma to interim Chief Financial Officer effective May 27, 2024.
  • VSE has initiated a search for a CFO with the assistance of an executive search firm.
  • “Since joining VSE in late 2020, Steve has been a tremendous asset to VSE and a trusted partner to me during the first phase of our business transformation,” stated John Cuomo, President and CEO of VSE Corporation.
  • “As I depart VSE for my next opportunity, I know that the company is well-positioned for continued success.

VSE Corporation Announces First Quarter 2024 Results Conference Call Date

Retrieved on: 
Tuesday, April 23, 2024

VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, announced today that it will issue first quarter 2024 results after the market close on Wednesday, May 8, 2024.

Key Points: 
  • VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, announced today that it will issue first quarter 2024 results after the market close on Wednesday, May 8, 2024.
  • A conference call will be held on Thursday, May 9, 2024, at 8:30 A.M ET to review the Company’s financial results, discuss events, and conduct a question-and-answer session.
  • A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of VSE’s website at https://ir.vsecorp.com .
  • To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software.

VSE Corporation Completes Turbine Controls, Inc. Acquisition

Retrieved on: 
Wednesday, April 24, 2024

VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, announced today that the Company has closed its previously announced acquisition of Turbine Controls, LLC (f/k/a Turbine Controls, Inc.) (“TCI”), a leading provider of aftermarket support services for the repair and overhaul of engine components and engine and airframe accessories.

Key Points: 
  • VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, announced today that the Company has closed its previously announced acquisition of Turbine Controls, LLC (f/k/a Turbine Controls, Inc.) (“TCI”), a leading provider of aftermarket support services for the repair and overhaul of engine components and engine and airframe accessories.
  • “We are very pleased to officially welcome the TCI team to the VSE Aviation Family,” said John Cuomo, President and CEO of VSE Corporation.
  • “The acquisition presents an opportunity for our VSE Aviation segment to accelerate its Maintenance, Repair, and Overhaul (“MRO”) strategy, including expanding our repair capability offerings and adding several new OEM relationships.
  • “We are confident that the VSE Aviation family will carry on TCI’s legacy and facilitate its next phase of growth.

VSE Corporation Declares Quarterly Cash Dividend

Retrieved on: 
Friday, March 8, 2024

VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, announced that the Company’s Board of Directors has declared a regular quarterly cash dividend of $0.10 per share of VSE common stock.

Key Points: 
  • VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, announced that the Company’s Board of Directors has declared a regular quarterly cash dividend of $0.10 per share of VSE common stock.
  • The dividend is payable on May 16, 2024, to stockholders of record at the close of business on May 2, 2024.