VSE Q4 revenue rises 32%, beats expectations

VSE

25/02/2026 21:54

Overview

Aviation aftermarket provider's Q4 revenue rose 32%, beating analyst expectations

Adjusted EBITDA for Q4 increased 55% yr/yr, driven by strong program execution

Company completed divestiture of Fleet segment, focusing on aviation aftermarket

Outlook

VSE expects 2026 revenue growth of 19% to 23% excluding PAG acquisition

Company sees 2026 adjusted EBITDA margin between 16.8% and 17.3%

VSE to update 2026 guidance post-PAG acquisition closure in Q2

Result Drivers

STRONG PROGRAM EXECUTION - VSE's Q4 revenue growth was driven by strong execution on new and existing business awards, expansion of MRO capacity, and contributions from recent acquisitions

ACQUISITIONS AND SYNERGIES - Recent acquisitions and synergy realization contributed to increased revenue and profitability in Q4

Company press release: ID:nBw2vppkHa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$301.18 mln
$289.54 mln (8 Analysts)
Q4 EPS
$0.98
Q4 Operating Income
$32.49 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the aerospace & defense peer group is "buy"

Wall Street's median 12-month price target for VSE Corp is $231.50, about 3.3% above its February 24 closing price of $224.16

The stock recently traded at 52 times the next 12-month earnings vs. a P/E of 43 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)