VSEC completes the $230 million sale of its Fleet business, marking a strategic move to strengthen position and drive expansion in the aviation aftermarket.
This aviation services stock is back near a high after the company's turnaround earnings report last week. The company is refocusing on its aviation business.
VSE Corporation (NASDAQ:VSEC ) Q4 2024 Earnings Conference Call February 27, 2025 8:30 AM ET Company Participants Michael Perlman - Vice President, Investor Relations & Treasury John Cuomo - President & Chief Executive Officer Adam Cohn - Chief Financial Officer Conference Call Participants Sheila Kahyaoglu - Jefferies Ken Herbert - RBC Capital Markets Michael Ciarmoli - Truist Louie Dipalma - William Blair Jeff Van Sinderen - B. Riley Securities Josh Sullivan - Benchmark Operator Good morning, and welcome to the VSE Corporation Fourth Quarter and Full Year 2024 Results Conference Call.
The mean of analysts' price targets for VSE (VSEC) points to a 25.1% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
The mean of analysts' price targets for VSE (VSEC) points to a 25.9% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
VSEC strengthens its position in the aerospace engine aftermarket with the acquisition of Kellstrom Aerospace.
VSE Corporation (NASDAQ:VSEC ) Q3 2024 Earnings Conference Call November 6, 2024 8:30 AM ET Company Participants Michael Perlman - Vice President, Investor Relations & Treasury John Cuomo - President & Chief Executive Officer Adam Cohn - Chief Financial Officer Conference Call Participants Sheila Kahyaoglu - Jefferies Ken Herbert - RBC Capital Markets Michael Ciarmoli - Truist Jeff Van Sinderen - B. Riley Securities Noah Levitz - William Blair Josh Sullivan - Benchmark Operator Good day and welcome to the VSE Corporation Third Quarter 2024 Results Conference Call.
The latest deal is set to expand VSEC's footprint in the commercial aerospace aftermarket.
VSEC reported strong 2Q24 results, with total revenue up 29.6% year-over-year, driven mainly by the robust aviation segment. Despite a decline in the fleet segment, the aviation segment saw a 54.6% revenue increase, driven by strong program execution, acquisitions, and expanded MRO capabilities. The global airline industry shows strong recovery, boosting demand for aviation parts and services. VSEC is well-positioned to capitalise on this trend.
VSE Corporation (NASDAQ:VSEC ) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Michael Perlman - Vice President of Investor Relations & Treasury John Cuomo - President & Chief Executive Officer Tarang Sharma - Vice President, Controller & Head of Corporate Development Conference Call Participants Ken Herbert - RBC Capital Markets Michael Ciarmoli - Truist Securities Louie DiPalma - William Blair Jeff Van Sinderen - B. Riley Josh Sullivan - The Benchmark Company Bert Subin - Stifel Operator Good day and welcome to the VSE Corporation Second Quarter 2024 Results Conference Call.