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MIRAMAR, Fla.--(BUSINESS WIRE)--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 February 6, 2025, to stockholders of record at the close of business on January 23, 2025. ABOUT VSE CORPORATION VSE is a leading provider of aftermarket distribution and repair ser.
VSEC strengthens its position in the aerospace engine aftermarket with the acquisition of Kellstrom Aerospace.
BOCA RATON, Fla.--(BUSINESS WIRE)--AE Industrial Partners, LP (“AE Industrial”), a private equity firm specializing in National Security, Aerospace, and Industrial Services, today announced that it has completed the sale of Kellstrom Aerospace Group, Inc. (“Kellstrom”), a diversified global distributor and service provider supporting the commercial aerospace engine aftermarket, for $200 million to VSE Corporation (“VSE”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair.
MIRAMAR, Fla.--(BUSINESS WIRE)--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 Kellstrom Aerospace Group, Inc. (“Kellstrom”), a portfolio company of AE Industrial Partners, LP and a diversified global distributor and service provider supporting the commercial aerospace engine aftermarket. MANAGEMENT COMMENTARY “Today represents the nex.
MIRAMAR, Fla.--(BUSINESS WIRE)--VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, today announced the relocation of its corporate headquarters to Miramar, Florida. The new headquarters will be co-located with the Company's Aviation segment headquarters and Maintenance, Repair and Overhaul (“MRO”) center of excellence at 3361 Enterprise Way, Miramar, FL, 33025. “We are pleased to announce the relocation of our corporate h.
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.
ALEXANDRIA, Va.--(BUSINESS WIRE)--VSE Corporation (NASDAQ: VSEC, "VSE", or the "Company"), a leading provider of aftermarket distribution and repair services, announced today results for the third quarter 2024. THIRD QUARTER 2024 RESULTS(1) (As compared to the Third Quarter 2023) Total Revenues of $273.6 million increased 18.3% GAAP Net Income of $11.7 million decreased 3.8% GAAP EPS (Diluted) of $0.63 decreased 21.3% Adjusted EBITDA(2) of $33.2 million increased 2.6% Adjusted Net Income(2) of.
The latest deal is set to expand VSEC's footprint in the commercial aerospace aftermarket.
ALEXANDRIA, Va.--(BUSINESS WIRE)--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. The Company is offering 1,724,137 shares of its common stock at a price to the public of $87.00 per share. VSE has also granted the underwriters a 30-day option to purchase up to an additional 258,620 shares of common stock. The offering is expected.
ALEXANDRIA, Va.--(BUSINESS WIRE)--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.