VSE Corp 2026年季度报告

(Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the quarterly period ended June 30, 2026 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the Transition Period from _____ to _____Commission File Number:000-03676 VSE CORPORATION (Exact Name of Registrant as Specified in its Charter) Registrant's Telephone Number, Including Area Code:(954) 430-6600Former name, former address and former fiscal year, if changed since last report: Not Applicable Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See definitions of "large accelerated filer," "accelerated filer," "smaller reportingcompany," and "emerging growth company" in Rule12b-2 of the Exchange Act. Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smaller reportingcompany☐Emerging growthcompany☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transaction period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ Number of shares of Common Stock outstanding as of July31, 2026: 28,064,972 TABLE OF CONTENTS PART IFINANCIAL INFORMATIONITEM 1.Financial StatementsUnaudited Consolidated Balance Sheets as of June 30, 2026and December 31, 20254Unaudited Consolidated Statements of Operations for the three and six months ended June 30, 2026 and 20255Unaudited Consolidated Statements of Comprehensive Income (Loss) for the three and six months ended June30, 2026 and 20256Unaudited Consolidated Statements of Stockholders' Equity for the three and six months ended June 30, 2026and 20257Unaudited Consolidated Statements of Cash Flows for the six months ended June 30, 2026 and 20259Notes to Unaudited Consolidated Financial Statements11ITEM 2.Management's Discussion and Analysis of Financial Condition and Results of Operations24ITEM 3.Quantitative and Qualitative Disclosures About Market Risk28ITEM 4.Controls and Procedures28PART IIOTHER INFORMATIONITEM 1.Legal Proceedings29ITEM 1A.Risk Factors29ITEM 2.Unregistered Sales of Equity Securities and Use of Proceeds29ITEM 5.Other Information29ITEM 6.Exhibits30Signatures31 Forward-Looking Statements This quarterly report on Form 10-Q (“Form 10-Q”) of VSE Corporation (the "Company") contains statements that, to the extent theyare not recitations of historical fact, constitute "forward-looking statements" within the meaning of Section 27A of the Securities Actof 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “ExchangeAct”). All such statements are intended to be covered by the safe harbor provisions for forward-looking statements contained in thePrivate Securities Litigation Reform Act of 1995 and this statement is included for purposes of such safe harbor provisions. “Forward-looking” statements, as such term is defined by the Securities and Exchange Commission (the “SEC”) in its rules,regulations and releases, represent the Company's expectations or beliefs, including, but not limited to, statements concerning theCompany's operations, economic performance, financial condition, growth, acquisition and disposition strategies, investments andfuture operational plans. Without limiting the generality of the foregoing, words such as “may,” “will,” “expect,” “believe,”“anticipate,” “intend,” “forecast,” “seek,” “plan,” “predict,” “project,” “could,” “estimate,” “might,” “continue,” “seeking” or thenegative or other variations thereof or comparable terminology are intended to identify forward-looking statements. These statements,by their nature, involve substantial risks and uncertainties, certain of which are beyond the Company's control, and actual results maydiffer materially depending on a variety of important factors, some of which are unknown, including, without limitation, risks relatedto: •the performance of the aviation aftermarket;•global economic and political conditions;•supply chain delays and disruptions