Short answer
VSE CORP (VSEC) filed its Q1 2026 10-Q quarterly report on May 8, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $325M (up 26.8% year over year) with net income of $29M.
Q1 2026 key financials · XBRL
- Revenue
- $325M
- +26.8% YoY
- Net income
- $29M
- +423.8% YoY
- Operating margin
- 10.1%
- EPS (diluted)
- $1.04
- +336.4% YoY
Source: XBRL data from the VSE CORP (VSEC) Q1 2026 10-Q on SEC EDGAR. USD.
VSE CORP Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $324.6M, up 27% YoY from $256.0M, driven by acquisitions, distribution wins, and commercial aerospace demand
- Operating margin 10.1% vs 9.6% YoY, with operating income $32.7M, up 34%
- Distribution revenue $202.6M, up 26%; repair revenue $122.0M, up 28%, making repair the faster-growing line
- Operating cash flow $(62.3)M vs $(46.6)M, reflecting greater inventory purchases
- Financing cash flow $1.26B, including approximately $1.3B offering proceeds; $2.3M dividends paid and $36.4M higher debt repayments
Risk Factors
- No material changes to risk factors disclosed in the 2025 Form 10-K
- Carried-forward risks require review alongside March 31, 2026 financial condition and forward-looking statements
- New Purchase Contract Agreement and related indentures dated February 5, 2026
- Stock Purchase Agreement dated January 29, 2026 signals transaction-related execution risk
- 40,835 shares forfeited for participants’ tax liabilities under the 2006 Restricted Stock Plan
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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