VSE Corporation (VSEC)

VSE Corporation Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	913.44	860.49	669.45	481.38	661.66	752.63
Revenue Growth (YoY)	30.92%	28.54%	39.07%	-27.25%	-12.09%	7.95%
Cost of Revenue	795.65	750.5	596.47	464.88	586.27	668.86
Gross Profit	117.79	109.99	72.97	16.5	75.39	83.77
Selling, General & Admin	8.57	7.62	3.64	3.45	3.12	4.19
Other Operating Expenses	13.82	14.38	15.74	15.76	59.45	19.32
Operating Expenses	22.39	22	19.37	19.21	62.57	23.51
Operating Income	95.39	88	53.6	-2.71	12.82	60.26
Interest Expense / Income	34.29	31.08	17.89	12.06	13.5	13.83
Other Expense / Income	23.73	4.02	-1.4	-18.97	-1.11	-
Pretax Income	37.38	52.9	37.11	4.2	0.43	46.43
Income Tax	13.97	13.76	9.05	-3.77	5.6	9.4
Net Income	23.41	39.13	28.06	7.97	-5.17	37.02
Net Income Growth	-24.33%	39.47%	252.23%	-	-	5.54%
Shares Outstanding (Basic)	16	14	13	13	11	11
Shares Outstanding (Diluted)	16	14	13	13	11	11
Shares Change	23.31%	10.58%	1.54%	14.49%	-0.09%	0.99%
EPS (Basic)	1.64	2.77	2.20	0.63	-0.47	3.38
EPS (Diluted)	1.64	2.76	2.19	0.63	-0.47	3.35
EPS Growth	-31.95%	26.03%	247.62%	-	-	4.36%
Free Cash Flow	-75.77	-40.5	-3.16	-28.05	34.21	8.37
Free Cash Flow Per Share	-4.80	-2.87	-0.25	-2.23	3.10	0.76
Dividend Per Share	0.400	0.400	0.400	0.360	0.360	0.340
Dividend Growth	0%	0%	11.11%	0%	5.88%	13.33%
Gross Margin	12.89%	12.78%	10.90%	3.43%	11.39%	11.13%
Operating Margin	10.44%	10.23%	8.01%	-0.56%	1.94%	8.01%
Profit Margin	2.56%	4.55%	4.19%	1.65%	-0.78%	4.92%
Free Cash Flow Margin	-8.30%	-4.71%	-0.47%	-5.83%	5.17%	1.11%
Effective Tax Rate	37.38%	26.02%	24.39%	-89.76%	1311.01%	20.25%
EBITDA	94.78	107.39	79.61	40.85	38.06	87.18
EBITDA Margin	10.38%	12.48%	11.89%	8.49%	5.75%	11.58%
Depreciation & Amortization	23.11	23.42	24.6	24.59	24.14	26.93
EBIT	71.67	83.98	55	16.26	13.92	60.26
EBIT Margin	7.85%	9.76%	8.22%	3.38%	2.10%	8.01%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).