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FIN STOCK REPORT
Stock Report: WESCO AIRCRAFT

2014

Wesco Aircraft reported full-year sales increased 50% to $1.35 billion. Ad hoc and contract sales as a percentage of total net sales represented 28% and 72%, respectively. 

Net income rose 3.6% to $120.7 million. Adjusted EBITDA increased 11% to $220.2 million.

2013

Wesco Aircraft reported revenue for its fiscal second quarter ended March 31 jumped 45% to $327.4 million – including 21% organic gains.

“The increase in external sales in the North America segment was 27%, which was mainly driven by growth across the Company’s customer base due to continued ramp-up of recently awarded contracts, scope expansion on existing contracts, new contracts and the acquisition of Haas,” the company stated.

In February 2014 Wesco acquired supply chain management firm Haas Group for $550 million.

Fiscal second quarter net income declined 17% to $24.3 million.

Wesco revenue during the first six months of fiscal 2014 grew 26% to $552.1 million, with net income up 2% to $48.7 million.

“We continue to experience high levels of booking activity, scope additions to our existing contracts and contract signings with new customers,” stated CEO Randy Snyder.

“Our expansion into the MRO market continues to make better then expected progress. We now offer 24/7 global coverage for this growing business.”

Wesco Aircraft reported fiscal fourth quarter revenue rose 10.5% to a record $234.3 million, with Q4 net income totaling $30 million due to “sustained growth in commercial activity in North America, rapid growth in Rest of World commercial sales and expansion of MRO sales.” Fourth-quarter EPS was $0.31.

Full-year revenue grew 16.2% to $776.2 million, while net income totaled $104.8 million and EPS reached $1.09.

Southern California-based Wesco manages aerospace supply chains, with over 525,000 parts, including nuts, bolts, bushings, clamps, collars, pins, screws and washers. 

Wesco has more than 2,600 employees across 43 locations in 13 countries.

Corporate Office: 27727 Avenue Scott, Valencia, CA 91355.
Tel: 661-802-5090 Web: wescoair.com
CEO: Randy Snyder
Employees: 2,600
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