38
VSE (VSEC)
Thanks to old U.S. Navy ships and leaky U.S. Army tanker trucks, VSE had a very good 2005. The Alexandria (Va.) defense contractor saw big increases in revenues -- $280.1 million vs. $216 million in 2004 -- as well as in profits, which leaped 79% to $6.2 million. But the 46-year-old engineering firm has most of its eggs in one basket. Nearly half of VSE's business is refurbishing and transferring decommissioned Navy ships to foreign governments, such as Taiwan. In April, 2005, VSE inked a new five-year, $544 million contract to continue that work. Another third comes from work for the Army in Iraq and Afghanistan, coating tanker trucks with a sealant that stops leaks when the vehicles are hit by small arms fire. VSE's share price topped $50 in February, but has slumped to around $35 in May. Still, that's a nice return on a stock that fetched less than $15 a share only 30 months ago.
Company Info |
|
| 2005 Rank | 83 |
| Market Value* ($ Millions) | 77.2 |
| Sales* ($ Millions) | 277.5 |
| Sales Growth (3-yr. avg. annual) |
30.7 % |
| Profits* ($ Millions) | 6.4 |
| Profit Growth (3-yr. avg. annual) | 107.1 % |
| Return on Inv. Capital (3-yr.) | 15.3 % |
| Share Price 12-Mo. Hi/Lo | 52/28 |
| Share Price As of 4/28/06 | 33 |
| Return on Equity | 21.1 % |
| P/E Ratio | 12 |
| No. of Employees | 716 |
| Industry | Diversified Commercial & Professional Services |
| CURRENT MARKET INFO | VSEC > |
| COMPANY WEB SITE > | |
| Location | Alexandria, Va. |
| Phone | 703 960-4600 |
*Trailing 12 months
Stock price data as of 4/28/06
DATA: Standard & Poor's Compustat
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Company Snapshot
VSE Corp. provides engineering, logistics, management, and technical services to the U.S. government, other government prime contractors, nongovernment organizations, and commercial entities. The company provides the U.S. Navy with engineering, technical, and logistical support services associated with the sale, lease, or transfer of Navy ships to foreign governments, as well as offers similar services to the U.S. Coast Guard. It also offers maintenance and logistics services in support of U.S. Army equipment. In addition, VSE provides equipment refurbishment services, military vehicle protection systems, engineering and technical support for ground weapons, logistics and training services, material procurement support, and prototype development support for combat vehicles. Further, its services include ship installation, combat systems inspections, ship repair and overhaul availability planning, harpoon weapons management, ordnance alteration, and air combat logistics, as well as training services for product, process, and management optimization. Additionally, the company provides consulting services, which include program planning and analysis, research and development management services, technology assessment and performance metrics, communications and outreach, and conference planning. VSE was incorporated in 1959 and has its headquarters in Alexandria, Va.
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