This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
TheStreet Open House

Wesco Aircraft Holdings Reports Results For Fiscal Third Quarter 2012

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 third quarter ended June 30, 2012.

Highlights

  • Third quarter revenue of $189.3 million, up 5.2% compared to $180.0 million in the prior year
  • Year-to-date revenue of $564.0 million, up 6.5% compared to the prior year period, and up 16.3% excluding the two Charleston programs completed in 2011
  • Net income of $22.3 million, with Diluted Earnings Per Share of $0.23
  • Adjusted Net Income of $22.6 million, with Adjusted Diluted Earnings Per Share of $0.24

Fiscal 2012 Third Quarter Results

Revenue for the fiscal third quarter was $189.3 million, an increase of 5.2% compared to $180.0 million in the prior year period. Wesco again demonstrated strong international growth during the quarter with revenues in the Rest of World segment increasing by 34.5% compared to the prior year. In the third quarter, Ad hoc, JIT and LTA sales as a percentage of net sales represented 39%, 24% and 37%, respectively, compared to 40%, 28% and 32%, respectively, for the same period last year.

Net income for the third quarter of fiscal 2012 was $22.3 million, resulting in Diluted Earnings Per Share of $0.23. This compared to $14.0 million, or $0.15 per share in the prior year period. The increase in net income was due to a reduction in interest expense and a lower effective tax rate, partially offset by higher selling, general and administrative expenses. Adjusted EBITDA for the third quarter was $41.1 million as compared to $43.9 million in the third quarter of 2011. Adjusted Net Income was $22.6 million, resulting in Adjusted Diluted Earnings Per Share of $0.24, compared to $21.1 million, or $0.23 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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs