This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Wesco Aircraft Holdings Reports Results For Fiscal Fourth Quarter And Full Year 2011

Wesco Aircraft Holdings, Inc. (NYSE: WAIR), a leading provider of comprehensive supply chain management services to the global aerospace industry, today announced results for its fiscal fourth quarter and full year ended September 30, 2011.

  • Fourth quarter and full year revenue of $181.3 million and $710.9 million, respectively, both setting company records.
  • Fourth quarter and full year Adjusted EBITDA of $46.1 million and $179.0 million, respectively.
  • Fourth quarter and full year Adjusted Diluted EPS of $0.24 and $0.97, respectively, above previous guidance.

Fiscal 2011 4 th Quarter Results

Revenue for the fourth fiscal quarter was $181.3 million, an increase of 4.2% compared to $174.0 million in the prior year period. Wesco continued to experience strong international growth during the quarter with revenues in the Rest of World segment increasing by 32.4% compared to the prior year. In the fourth quarter, Ad hoc, JIT and LTA sales as a percentage of net sales represented 40%, 25% and 35%, respectively, compared to 38%, 31% and 31%, respectively, for the same period last year.

Adjusted EBITDA for the fourth quarter was $46.1 million as compared to $44.7 million in the fourth quarter of 2010. The increase was due primarily to the growth in sales and an increase in gross profit margins, partially offset by higher selling, general and administrative expenses including costs associated with the Company’s new equity incentive plan. Net income for the fourth quarter of 2011 was $18.0 million, resulting in Diluted Earnings Per Share (EPS) of $0.19. This compared to $20.0 million, or $0.22 per share in the prior year period. This decline in net income as compared to the prior year quarter was primarily driven by expenses related to our equity incentive plans, $2.4 million of fees and expenses related to Wesco’s initial public offering and a higher effective tax rate related to increases in foreign sales of US product. Adjusted Net Income was $22.4 million, resulting in Adjusted Diluted Earnings Per Share of $0.24, compared to $22.0 million, or $0.24 per share in the prior year period.

1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.21 -0.44%
FB $117.80 -0.22%
GOOG $701.26 0.80%
TSLA $211.34 -5.00%
YHOO $36.94 2.61%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs