VSE Corporation (NASDAQ:VSEC) Q3 2023 Earnings Conference Call November 2, 2023 8:30 AM ET
Company Participants
Michael Perlman - VP, IR and Communications
John Cuomo - President and CEO
Steve Griffin - CFO
Conference Call Participants
Louie DiPalma - William Blair
Michael Ciarmoli - Truist
Josh Sullivan - The Benchmark Company
Jeff Van Sinderen - B. Riley
Operator
Good morning and welcome to the VSE Corporation Third Quarter 2023 Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note, this event is being recorded.
I would now like to turn the conference over to Mr. Michael Perlman, VP of Investor Relations and Communications. Please go ahead.
Michael Perlman
Thank you. Welcome to VSE Corporation's third quarter 2023 results conference call. Leading the call today are John Cuomo, President and CEO; and Steve Griffin, Chief Financial Officer. The presentation we are sharing today is on our website and we encourage you to follow along accordingly.
Today's discussion contains forward-looking statements about the future business and financial expectations. Actual results may significantly from those projected in today's forward-looking statements, due to various risks and uncertainties, including those described in our periodic reports filed with the SEC.
Except as required by law, we undertake no obligation to update our forward-looking statements. We are using non-GAAP financial measures in our presentation. Where available, the GAAP financial reconciliations are incorporated into our presentation, which is posted on our website.
All percentages in today's discussion refer to year-over-year progress, except where noted. As a reminder, the Federal & Defense business segment has been excluded from our results and had to move to discontinued operations, as we pursue the divestiture of the business.
We also look forward to welcoming you all to our first Investor Day. Scheduled for November 14th, 2023, in New York City at NASDAQ MarketSite and broadcast virtually. You can register for the event on our IR website at ir.vsecorp.com. Please feel free to contact me directly with any questions. At the conclusion of our prepared remarks, we will open the line for questions.
With that, I'd like to turn the call over to John.
John Cuomo
Thank you, Michael. Good morning everyone and welcome. Thanks for joining our call today. Let's begin with Slide 3, where I will provide an update on the performance of our business segments.
Third quarter 2023 results were highlighted by record revenue and financial performance in our Aviation segment, strong revenue growth in our Fleet segment, and the closing of both the Desser acquisition and a transformational asset and Intellectual Property License agreement with Honeywell.