Wesco Aircraft exceeds predicted first-quarter profits

Wesco Aircraft Holdings (WAIR) has posted a first-quarter loss of US$374,000 after making a profit for the same period last year. On a per-share basis, the California-based company confirmed it had a loss of less than one cent, while earnings, adjusted for non-recurring costs, were 15 cents per share. This figure exceeded Wall Street expectations and analysts who predicted 12 cents per share. Revenue for the period stood at US$363.1 million.
Wesco Aircraft Holdings (formerly known as Wesco Holdings, Inc.) is a holding company for Wesco Aircraft Hardware Corp. and is a distributor and provider of supply chain management services within the global aerospace industry. The company believes it offers one of the world’s broadest portfolios of aerospace products, including chemical, electrical and C-class hardware and comprised of more than 565,000 active SKUs (stock-units).
The Company’s services range from traditional distribution to the management of supplier relationships, quality assurance, kitting, just-in-time, delivery and point-of-use inventory management. It operates principally in three geographic areas: North America, Europe, and markets including Asia, Pacific Rim and the Middle East.
Established in 1953 the Ccompany is headquartered in Valencia, California, and employs over 1,200 staff.

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