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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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July 23, 2014
16:43 EDTVSECVSE Corp. awarded $2.9M postal service shelving contract
VSE Corporation subsidiary, Wheeler Bros., was awarded a delivery order to supply 10K engineered shelving kits to the U.S. Postal Service for use in the Long Life Delivery Vehicles. This delivery order has a value of $2.9M, with an option to purchase up to 40K additional kits following the initial delivery.

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