logo
Share SHARE
FONT-SIZE Plus   Neg

VSE Corp. Q4 Profit Rises

Federal services company VSE Corporation (VSEC) Monday reported fourth-quarter net income of $6.0 million or $1.15 per share, rising from $5.0 million or $0.96 per share last year.

Total revenues for the quarter declined 29.9 percent to $148.9 million from last year's $212.4 million, primarily due to expiration of the company's U.S. Army CECOM Rapid Responses contract, declines in work on other programs, delays in government contract awards, and delays caused by protests of contract awards. However, the decline was partially offset by revenues from acquisitions of Akimeka, LLC and Wheeler Bros, Inc.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
A group of consumers in New York and California have filed a lawsuit against Quaker Oats' owner PepsiCo Inc. alleging that the company has falsely advertised the oatmeal brand as "100 percent natural" despite having traces of glyphosate found in it. Lawsuit claims that glyphosate, a herbicide declared... Wal-Mart Stores Inc. (WMT) is bringing back its door-greeter program by mid-summer and station staffs at store entrances and exits as the retail giant looks to curb shoplifting. Previously, the retailer had reassigned employees serving as greeters to guide customers to checkouts and help them find... KFC has brought its "Finger Lickin' Good" tag line to life by creating KFC-flavored nail polishes. KFC Hong Kong has partnered with advertising agency Ogilvy & Mather to make "Original" and "Hot & Spicy" edible nail polishes. The flavors contain natural ingredients and are based on KFC's two popular...
comments powered by Disqus
Follow RTT