logo
Share SHARE
FONT-SIZE Plus   Neg

VSE Corp. Q4 Profit Rises

Federal services company VSE Corporation (VSEC: Quote) 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
Firearms maker Smith & Wesson Holding Corp. (SWHC), Tuesday reported a drop in profit for the third quarter, as revenues and margins declined reflecting lower sales of long guns. However, earnings for the quarter came in ahead of Wall Street estimates as did revenues. Moving ahead, the company boosted... Target Corp (TGT) on Tuesday said it plans $2 billion of cost savings over the next two years, mainly at its corporate headquarters, as the discount retailer strives to boost profit and become a leaner outfit. Reports said that about $500 million of the savings would occur in the current year, and... Bob Evans Farms Inc. (BOBE) on Tuesday reported a drop in a profit for the third quarter, despite growth in revenues, with both earnings and revenues falling short of expectations. Moving head, the restaurant chain lowered its fiscal year 2015 outlook. Shares of Bob Evans Farms plunged over 18 percent...
comments powered by Disqus
RELATED NEWS
Trade VSEC now with 
Follow RTT