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VSE Corporation (VSEC) CEO John Cuomo on Q1 2020 Results - Earnings Call Transcript

May 01, 2020 12:01 PM ETVSE Corporation (VSEC)
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VSE Corporation (NASDAQ:VSEC) Q1 2020 Earnings Conference Call May 1, 2020 8:30 AM ET

Company Participants

Elizabeth Huggins - Corporate VP of Strategy, and Chief of Staff

John Cuomo - President and CEO

Tom Loftus - CFO

Conference Call Participants


Greetings. Welcome to the VSE Corporation First Quarter 2020 Results Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructions]

At this time, I will now turn the call over to Elizabeth Huggins, Corporate Vice President of Strategy, and Chief of Staff. You may now begin.

Elizabeth Huggins

Thank you. Hello, and welcome to VSE Corporation's first quarter 2020 results conference call. Leading the call today are our President and CEO, John Cuomo; and Chief Financial Officer, Tom Loftus. Thank you in advance for bearing with us as we make this all from remote working locations and for your patience with any delays we may experience in the transition to Q&A.

The financial performance and strategic overview presentation we are sharing today is on our Web site, and I encourage you to follow along accordingly. Please note, that during the first quarter of 2020 the company renamed its reporting segment to reflect the strategic focus to each business moving forward. The Aviation Group was renamed Aviation segment, the Supply Chain Management Group was remained Fleet segment, and the Federal Services Group was remained Federal & Defense segment.

Today's discussion contains forward-looking statements about future business and financial expectations. Actual results may differ significantly from those projected in today's forward-looking statements due to various risks and uncertainties, including the risks 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. The appropriate GAAP financial reconciliations

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