VSE Corporation 2022 Q4 Earnings Results Conference Call

VSE Corporation reported record-setting 2022 results with total revenue of $949.8M (+26% YoY) and net income of $28.1M (+252% YoY). The company operates three business segments: Aviation, Federal & Defense, and Fleet, with Aviation achieving record revenue of $408.1M driven by commercial growth. VSE's adjusted EBITDA reached $92.1M, up 27% YoY, while the company improved its net leverage ratio to 3.1x.