Security
VSE Corporation Tangible Equity Units · VSECU
VSECUNASDAQUnitCurrentCIK 102752Updated Nov 1, 2026
VSECU price & chart
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NASDAQ:VSECU on TradingView ↗About the company
VSE is a leading provider of aviation distribution and repair services for the commercial and B&GA aftermarkets. Headquartered in Miramar, Florida, VSE is focused on significantly enhancing the productivity and longevity of its customers’ high-value, business-critical assets. VSE’s aftermarket parts distribution and maintenance, repair, and overhaul (MRO) services support engine component and engine and airframe accessory part distribution and repair services for commercial and B&GA operators. For more detailed information, please visit VSE’s website at www.vsecorp.com.
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Recent filings
4 filing
4 filing
4 filing
144 filing
SCHEDULE 13G/A - filed by Durable Capital Partners LP regarding VSE CORP
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 1,560,447,000Source | 1,463,999,000Source | 4,397,406,000Source | 1,602,027,000Source | 1,494,298,000Source | 3,310,663,000Source | 1,732,982,000Source | 1,336,924,000Source | 2,028,578,000Source | 1,734,620,000Source | 1,350,338,000Source | 999,789,000Source |
| Property, Plant and Equipment, NetUSD | 82,986,000Source | 74,631,000Source | 166,548,000Source | 80,243,000Source | 72,571,000Source | 93,821,000Source | 71,175,000Source | 66,559,000Source | 91,098,000Source | 85,586,000Source | 58,076,000Source | 47,969,000Source |
| GoodwillUSD | 428,705,000Source | 390,636,000Source | 1,810,424,000Source | 428,665,000Source | 390,135,000Source | 638,889,000Source | 423,576,000Source | 351,112,000Source | 641,242,000Source | 491,453,000Source | 351,781,000Source | 248,837,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 201,849,000Source | 160,580,000Source | 952,090,000Source | 208,536,000Source | 165,389,000Source | 318,809,000Source | 191,023,000Source | 110,749,000Source | 295,962,000Source | 197,281,000Source | 114,130,000Source | 90,624,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 8,784,000Source | 7,907,000Source | 75,360,000Source | 16,906,000Source | 18,993,000Source | 1,239,407,000Source | 5,711,000Source | 10,569,000Source | 69,358,000Source | 29,030,000Source | 7,768,000Source | 478,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 176,399,000Source | 162,665,000Source | 274,628,000Source | 183,208,000Source | 168,238,000Source | 216,504,000Source | 169,532,000Source | 145,427,000Source | 190,732,000Source | 197,563,000Source | 127,958,000Source | 103,193,000Source |
| Assets, CurrentUSD | 722,280,000Source | 775,297,000Source | 1,325,472,000Source | 753,619,000Source | 796,375,000Source | 2,160,940,000Source | 968,858,000Source | 743,096,000Source | 893,329,000Source | 874,827,000Source | 774,030,000Source | 548,878,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 38,755,000Source | — | 48,872,000Source | 56,246,000Source | — | 33,569,000Source | 61,770,000Source | — | 37,937,000Source | 41,956,000Source | — | — |
| Operating Lease, Right-of-Use AssetUSD | 42,975,000Source | 33,549,000Source | 92,321,000Source | 43,748,000Source | 34,419,000Source | 48,272,000Source | 45,223,000Source | 35,123,000Source | 50,151,000Source | 53,326,000Source | 28,684,000Source | 34,412,000Source |
| Other Assets, NoncurrentUSD | 55,310,000Source | 29,306,000Source | 22,128,000Source | 38,916,000Source | 35,409,000Source | 22,197,000Source | 33,127,000Source | 30,285,000Source | 29,755,000Source | 32,147,000Source | 23,637,000Source | 29,069,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 577,107,000Source | 676,203,000Source | 1,463,970,000Source | 622,500,000Source | 712,982,000Source | 644,447,000Source | 757,238,000Source | 724,186,000Source | 589,770,000Source | 746,434,000Source | 733,613,000Source | 550,263,000Source |
| Stockholders’ equity: | ||||||||||||
| Common Stock, Value, IssuedUSD | 1,034,000Source | 921,000Source | 1,403,000Source | 1,034,000Source | 921,000Source | 1,403,000Source | 1,033,000Source | 792,000Source | 1,170,000Source | 1,030,000Source | 788,000Source | 641,000Source |
| Retained Earnings (Accumulated Deficit)USD | 384,416,000Source | 381,680,000Source | 447,608,000Source | 382,572,000Source | 371,872,000Source | 421,891,000Source | 381,443,000Source | 376,505,000Source | 395,643,000Source | 392,484,000Source | 384,702,000Source | 351,297,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 680,000Source | 212,000Source | 287,000Source | 920,000Source | 4,857,000Source | 1,171,000Source | 1,618,000Source | 4,636,000Source | 512,000Source | 3,072,000Source | 2,132,000Source | 4,968,000Source |
| Stockholders' Equity Attributable to ParentUSD | 983,340,000Source | 787,796,000Source | 2,933,436,000Source | 979,527,000Source | 781,316,000Source | 2,666,216,000Source | 975,744,000Source | 612,738,000Source | 1,438,808,000Source | 988,186,000Source | 616,725,000Source | 449,526,000Source |
| Additional Paid in Capital, Common StockUSD | 597,210,000Source | 404,983,000Source | 2,484,138,000Source | 595,001,000Source | 403,666,000Source | 2,241,751,000Source | 591,650,000Source | 230,805,000Source | 1,041,483,000Source | 591,600,000Source | 229,103,000Source | 92,620,000Source |
| Liabilities and EquityUSD | 1,560,447,000Source | 1,463,999,000Source | 4,397,406,000Source | 1,602,027,000Source | 1,494,298,000Source | 3,310,663,000Source | 1,732,982,000Source | 1,336,924,000Source | 2,028,578,000Source | 1,734,620,000Source | 1,350,338,000Source | 999,789,000Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 183,351,000Source | 210,107,000Source | 351,805,000Source | 202,045,000Source | 225,646,000Source | 246,190,000Source | 248,299,000Source | 223,050,000Source | 237,506,000Source | 281,844,000Source | 286,886,000Source | 224,604,000Source |
| Operating Lease, Liability, CurrentUSD | — | — | — | — | — | — | — | — | 6,306,000Source | 6,889,000Source | 4,957,000Source | 7,254,000Source |
| Accounts Payable, CurrentUSD | 112,425,000Source | 122,740,000Source | 187,068,000Source | 140,465,000Source | 144,645,000Source | 147,910,000Source | 140,780,000Source | 155,478,000Source | 154,506,000Source | 187,590,000Source | 173,036,000Source | 159,600,000Source |
| Operating Lease, Liability, NoncurrentUSD | 37,609,000Source | 29,061,000Source | 78,643,000Source | 38,259,000Source | 36,515,000Source | 41,557,000Source | 39,346,000Source | 31,431,000Source | 43,693,000Source | 48,144,000Source | 24,959,000Source | 32,340,000Source |
| Deferred Income Tax Liabilities, NetUSD | — | 0Source | 104,583,000Source | — | 4,317,000Source | 16,782,000Source | — | 7,406,000Source | 12,394,000Source | 0Source | 6,985,000Source | 9,621,000Source |
| Other Liabilities, NoncurrentUSD | 220,000Source | 9,011,000Source | 8,872,000Source | 3,000,000Source | 5,435,000Source | 4,254,000Source | 3,000,000Source | 3,000,000Source | 4,955,000Source | 9,011,000Source | — | 0Source |
| Additional Financial Items | ||||||||||||
| Deferred Tax Liabilities, NetUSD | — | — | — | — | — | — | — | — | 12,394,000Source | — | 6,985,000Source | 9,621,000Source |
| Dividends Payable, CurrentUSD | 2,069,000Source | 1,843,000Source | 2,806,000Source | 2,068,000Source | 1,842,000Source | 2,806,000Source | 2,067,000Source | 1,584,000Source | 2,339,000Source | 2,059,000Source | 1,576,000Source | 1,282,000Source |
| Long-term Debt, Excluding Current Maturities | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source |
| Long-term Debt, Current MaturitiesUSD | 7,500,000Source | 30,000,000Source | 32,004,000Source | 7,500,000Source | 30,000,000Source | 29,924,000Source | 5,625,000Source | 30,000,000Source | 7,500,000Source | 30,000,000Source | 22,500,000Source | 10,000,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 348,596,000Source | 420,341,000Source | 914,953,000Source | 371,656,000Source | 433,508,000Source | 331,051,000Source | 459,381,000Source | 451,622,000Source | 285,304,000Source | 400,173,000Source | 406,844,000Source | 276,300,000Source |
| Accrued Liabilities, Current | — | — | — | — | — | —Source | — | — | — | — | — | — |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation, Depletion and AmortizationUSD | — | — | — | — | — | — | 12,747,000Source | 9,905,000Source | 39,924,000Source | 28,762,000Source | 23,416,000Source | 25,570,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 4,581,000Source | 3,522,000Source | 12,835,000Source | 8,315,000Source | 7,738,000Source | 4,465,000Source |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | 25,772,000Source | 19,393,000Source | 26,531,000Source | 40,239,000Source | 25,923,000Source | 26,606,000Source |
| Increase (Decrease) in InventoriesUSD | — | — | — | — | — | — | 71,544,000Source | 6,359,000Source | 56,870,000Source | 31,668,000Source | 87,529,000Source | 59,099,000Source |
| Increase (Decrease) in Accounts PayableUSD | — | — | — | — | — | — | -10,847,000Source | -10,892,000Source | -10,932,000Source | -31,756,000Source | 23,913,000Source | 36,193,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 1,278,000Source | -5,393,000Source | -1,138,000Source | -1,139,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | -62,264,000Source | -46,632,000Source | 26,990,000Source | -31,037,000Source | -21,829,000Source | 8,051,000Source |
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | — | — | — | 5,391,000Source | 0Source | 394,144,000Source | 283,122,000Source | 218,581,000Source | 0Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -27,088,000Source | -129,000Source | -276,452,000Source | -263,669,000Source | -235,690,000Source | -2,377,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 6,457,000Source | 2,875,000Source | 21,281,000Source | 20,704,000Source | 18,666,000Source | 11,212,000Source |
| Cash flows from financing activities: | ||||||||||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | — | — | — | — | — | — | 8,930,000Source | 4,201,000Source | 5,138,000Source | 2,633,000Source | 1,113,000Source | 1,015,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | 1,259,401,000Source | 28,239,000Source | 289,790,000Source | 315,806,000Source | 264,971,000Source | -5,714,000Source |
| Payments of Ordinary Dividends, Common StockUSD | — | — | — | — | — | — | 2,340,000Source | 2,060,000Source | 8,263,000Source | 7,060,000Source | 5,436,000Source | 5,111,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | — | — | — | — | — | — | -984,000Source | 0Source | -142,000Source | — | — | — |
| Repayments of Long-term DebtUSD | — | — | — | — | — | — | 49,148,000Source | 39,989,000Source | 803,585,000Source | 739,736,000Source | 699,872,000Source | 518,347,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | 1,170,049,000Source | -18,522,000Source | 40,328,000Source | 21,100,000Source | 7,452,000Source | -40,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 8,784,000Source | 7,907,000Source | 75,360,000Source | 16,906,000Source | 1,239,407,000Source | 10,508,000Source | 69,358,000Source | 29,030,000Source | 7,930,000Source | 478,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | — | — | 26,849,000Source | 37,076,000Source | 35,039,000Source | 16,423,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | — | — | 16,114,000Source | — | — | — |
| Additional Financial Items | ||||||||||||
| Amortization of Debt Issuance CostsUSD | — | — | — | — | — | — | 440,000Source | 332,000Source | 1,464,000Source | 1,330,000Source | 1,544,000Source | 1,000,000Source |
| Amortization of Intangible AssetsUSD | — | — | 6,687,000Source | 4,778,000Source | 18,450,000Source | 6,487,000Source | 9,050,000Source | 6,134,000Source | 25,995,000Source | 17,749,000Source | 14,378,000Source | 17,639,000Source |
| DepreciationUSD | — | — | — | — | — | — | — | — | 13,200,000Source | 10,900,000Source | 6,800,000Source | 7,100,000Source |
| Dividends Payable, CurrentUSD | — | — | 2,069,000Source | 1,843,000Source | 2,806,000Source | 2,068,000Source | 2,806,000Source | 2,067,000Source | 2,339,000Source | 2,059,000Source | 1,576,000Source | 1,282,000Source |
| Gain (Loss) on Disposition of BusinessUSD | — | — | — | — | — | — | — | — | — | — | — | 0Source |
| Gain (Loss) on Sale of InvestmentsUSD | — | — | — | — | — | — | — | — | — | — | — | 0Source |
| Gain (Loss) on Sale of PropertiesUSD | — | — | — | — | — | — | — | — | — | — | — | 0Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | — | — | — | — | -3,000Source | -10,000Source | -45,000Source | -479,000Source | 0Source | -122,000Source |
| Gain (Loss) on Termination of LeaseUSD | — | — | 0Source | 652,000Source | — | 0Source | — | — | 0Source | -12,205,000Source | — | — |
| GoodwillUSD | — | — | 428,705,000Source | 390,636,000Source | 1,810,424,000Source | 428,665,000Source | 638,889,000Source | 423,576,000Source | 641,242,000Source | 491,453,000Source | 351,781,000Source | 248,837,000Source |
| Goodwill and Intangible Asset ImpairmentUSD | — | — | — | — | — | — | — | — | 0Source | 0Source | 0Source | 0Source |
| Goodwill, Impairment LossUSD | — | — | — | — | — | — | — | — | 0Source | 0Source | 0Source | 0Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | 3,591,000Source | 8,742,000Source | 28,523,000Source | 13,638,000Source | 29,055,000Source | 13,968,000Source | 53,493,000Source | 36,498,000Source | 43,152,000Source | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | 321,000Source | 2,908,000Source | 0Source | -10,441,000Source | 0Source | -22,941,000Source | -41,790,000Source | -21,174,000Source | -4,018,000Source | — |
| Income Tax Expense (Benefit)USD | — | — | 2,157,000Source | 2,343,000Source | 10,732,000Source | 2,430,000Source | 5,095,000Source | 2,597,000Source | 15,546,000Source | 9,982,000Source | 13,761,000Source | 9,187,000Source |
| InterestExpenseNonoperatingUSD | — | — | 4,339,000Source | 8,987,000Source | 5,230,000Source | 6,445,000Source | — | — | 20,556,000Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | 3,912,000Source | 11,650,000Source | 28,523,000Source | 3,197,000Source | 29,055,000Source | -8,973,000Source | 11,703,000Source | 15,324,000Source | 39,134,000Source | 28,059,000Source |
| Operating Costs and ExpensesUSD | — | — | 272,822,000Source | 183,570,000Source | 400,179,000Source | 249,626,000Source | 291,832,000Source | 231,541,000Source | 1,022,680,000Source | 998,713,000Source | 772,492,000Source | 894,631,000Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | 829,457,000Source | 0Source | 442,167,000Source | 325,999,000Source | 130,020,000Source | 899,000Source |
| Proceeds from Issuance of Long-term DebtUSD | — | — | — | — | — | — | 47,273,000Source | 74,489,000Source | 667,335,000Source | 739,236,000Source | 844,262,000Source | 520,223,000Source |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | —Source | —Source | — | — | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 282,909,000Source | 203,642,000Source | 449,137,000Source | 272,139,000Source | 324,580,000Source | 256,045,000Source | 1,112,275,000Source | 1,080,132,000Source | 860,488,000Source | 949,762,000Source |
| Selling, General and Administrative ExpenseUSD | — | — | 667,000Source | 2,542,000Source | 9,031,000Source | 2,616,000Source | 6,201,000Source | 2,311,000Source | 13,340,000Source | 14,576,000Source | 7,619,000Source | 5,163,000Source |
| Operating Income (Loss)USD | — | — | 10,087,000Source | 20,072,000Source | 48,958,000Source | 22,513,000Source | 32,748,000Source | 24,504,000Source | 89,595,000Source | 81,419,000Source | 87,996,000Source | 55,131,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 5,748,000Source | 11,085,000Source | 39,255,000Source | 16,068,000Source | 34,150,000Source | 16,565,000Source | 69,039,000Source | 46,480,000Source | 56,913,000Source | 37,246,000Source |
| Income Tax Expense (Benefit)USD | — | — | 2,157,000Source | 2,343,000Source | 10,732,000Source | 2,430,000Source | 5,095,000Source | 2,597,000Source | 15,546,000Source | 9,982,000Source | 13,761,000Source | 9,187,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 3,912,000Source | 11,650,000Source | 28,523,000Source | 3,197,000Source | 29,055,000Source | -8,973,000Source | 11,703,000Source | 15,324,000Source | 39,134,000Source | 28,059,000Source |
| Earnings Per Share, BasicUSD per share | — | — | 0.19Source | 0.63Source | 0.92Source | 0.15Source | 1.06Source | -0.43Source | 0.55Source | 0.86Source | 2.77Source | 2.2Source |
| Earnings Per Share, DilutedUSD per share | — | — | 0.19Source | 0.63Source | 0.91Source | 0.16Source | 1.04Source | -0.44Source | 0.55Source | 0.85Source | 2.76Source | 2.19Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 20,681,203Source | 18,425,643Source | 30,941,788Source | 20,670,239Source | 27,497,210Source | 20,617,949Source | 21,138,691Source | 17,878,608Source | 14,130,334Source | 12,780,117Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 20,756,508Source | 18,479,123Source | 31,385,479Source | 20,731,397Source | 27,834,475Source | 20,740,319Source | 21,238,718Source | 17,975,295Source | 14,184,729Source | 12,827,894Source |
| Interest Expense (non-operating)USD | — | — | 4,339,000Source | 8,987,000Source | 5,230,000Source | 6,445,000Source | — | — | 20,556,000Source | — | — | — |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | 6,687,000Source | 4,778,000Source | 18,450,000Source | 6,487,000Source | 9,050,000Source | 6,134,000Source | 25,995,000Source | 17,749,000Source | 14,378,000Source | 17,639,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | — | — | 0.1Source | 0.1Source | 0.1Source | 0.1Source | 0.1Source | 0.1Source | 0.4Source | 0.4Source | 0.4Source | 0.4Source |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 14,268,000Source | 15,375,000Source | 14,899,000Source | 10,326,000Source |
| Goodwill, Impairment LossUSD | — | — | — | — | — | — | — | — | 0Source | 0Source | 0Source | 0Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | — | — | — | — | — | — | — | — | 62,037,000Source | 41,599,000Source | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | 3,591,000Source | 8,742,000Source | 28,523,000Source | 13,638,000Source | 29,055,000Source | 13,968,000Source | 53,493,000Source | 36,498,000Source | 43,152,000Source | — |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | — | — | 0.17Source | 0.47Source | 0.92Source | 0.66Source | 1.06Source | 0.68Source | 2.53Source | 2.04Source | 3.05Source | — |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | — | — | 0.17Source | 0.47Source | 0.91Source | 0.66Source | 1.04Source | 0.67Source | 2.52Source | 2.03Source | 3.04Source | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | 321,000Source | 2,908,000Source | 0Source | -10,441,000Source | 0Source | -22,941,000Source | -41,790,000Source | -21,174,000Source | -4,018,000Source | — |
| Interest Income (Expense), NetUSD | — | — | — | — | — | — | — | — | — | — | -31,083,000Source | -17,885,000Source |
| Interest Income (Expense), Nonoperating, NetUSD | — | — | -4,339,000Source | -8,987,000Source | — | -6,445,000Source | 1,402,000Source | -7,939,000Source | -20,556,000Source | -34,939,000Source | — | — |
| Operating Costs and ExpensesUSD | — | — | 272,822,000Source | 183,570,000Source | 400,179,000Source | 249,626,000Source | 291,832,000Source | 231,541,000Source | 1,022,680,000Source | 998,713,000Source | 772,492,000Source | 894,631,000Source |
Offerings
Registration 333-295620
Filing attachments
d115996dex991.htm · 8-K · 2026-05-07
EX-99.1 9 d115996dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 VSE CORPORATION COMPLETES ACQUISITION OF PRECISION AVIATION GROUP Acquisition increases VSE revenue by ~50% on a pro forma 2025 basis; expected to be immediately accretive to VSE’s Adjusted EBITDA margins MIRAMAR, FL., May 5, 2026 - VSE Corporation (NASDAQ: VSEC), a leading provider of aviation aftermarket distribution and repair services, today announced it has completed the acquisition of Precision Aviation Group, Inc. (“PAG”), a…
Read attachment ↗d115996dex992.htm · 8-K · 2026-05-07
EX-99.2 10 d115996dex992.htm EX-99.2 EX-99.2 Exhibit 99.2 PAG Holding Corp. and Subsidiaries Consolidated Financial Statements December 31, 2025 and 2024 Independent Auditors’ Report To the Board of Directors of PAG Holding Corp. and Subsidiaries Opinion We have audited the consolidated financial statements of PAG Holding Corp. and Subsidiaries (the Company), which comprise the consolidated balance sheets as of December 31, 2025 and 2024, and the related consolidated statements of o…
Read attachment ↗descriptionofsecuritiesex42.htm · 10-K · 2026-02-27
Exhibit 4.2 Description of Securities Registered Pursuant to Section 12 of the Securities Exchange Act of 1934 As used below, the terms “Corporation,” the “Company,” “we,” “us,” and “our” refer to VSE Corporation. We have two classes of securities registered pursuant to Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”): our common stock, par value $0.05 per share (the “common stock”), and (ii) our 5.750% tangible equity units (the “Units”). DESCRIPTION OF COMM…
Read attachment ↗d31199dex41.htm · 8-K · 2026-02-05
Exhibit 4.1 PURCHASE CONTRACT AGREEMENT Dated as of February 5, 2026 between VSE CORPORATION and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Purchase Contract Agent, as Attorney-in-Fact for the Holders from time to time as provided herein and as Trustee under the Indenture referred to herein TABLE OF CONTENTS Page ARTICLE I DEFINITIONS …
Read attachment ↗d31199dex42.htm · 8-K · 2026-02-05
Exhibit 4.2 VSE CORPORATION INDENTURE Dated as of February 5, 2026 U.S. Bank Trust Company, National Association Trustee CROSS-REFERENCE TABLE* Trust Indenture Indenture Section Act Section 310(a)(1) 7.10 (a)(2) 7.10 (a)(3) N.A. (a)(4) N.A. (a)(5) 7.10 (b) 7.10 (c) N.A. 311(a) 7.11 (b)…
Read attachment ↗d31199dex43.htm · 8-K · 2026-02-05
Exhibit 4.3 VSE CORPORATION as Issuer, AND U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION as Trustee First Supplemental Indenture Dated as of February 5, 2026 Supplemental to Indenture Dated as of February 5, 2026 5.93% Senior Amortizing Notes due 2029 Table of Contents Page ARTICLE 1 DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION …
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