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Stock Market & Financial Investment News

News Breaks
December 20, 2012
16:20 EDTVSECVSE Corp. sees restructuring impacting FY12 EPS by 90c
In connection with the determination to divest ICRC and eliminate VSE’s Infrastructure Group, VSE expects to incur pre-tax charges of approximately $7.8M of which approximately $5.8M is attributable to goodwill and intangible write-offs. The impact to fiscal 2012 net income is expected to be approximately $4.8 M, and the impact to fiscal 2012 diluted EPS is expected to be approximately 90c in Q412. The estimated pre-tax charges, net income, and diluted EPS do not include any proceeds from a potential sale.
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