Last $17.54 USD
Change Today -0.36 / -2.01%
Volume 323.7K
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As of 8:04 PM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

wesco aircraft holdings inc (WAIR) Key Developments

Wesco Aircraft Holdings, Inc. Announces Resignation of David Squier as Director, Effective October 1, 2014

On September 12, 2014, David Squier notified Wesco Aircraft Holdings, Inc. that he is resigning from his position as a director, effective October 1, 2014.

Hal Weinstein, Wesco Aircraft Holdings' Executive Vice President, Sales and Marketing, Intents to Retire, Effective December 31, 2014

On August 26, 2014, Hal Weinstein, Wesco Aircraft Holdings, Inc.'s Executive Vice President, Sales and Marketing, notified the Company of his intent to retire from the company effective December 31, 2014.

Wesco Aircraft Holdings, Inc. Presents at Citigroup Industrial Conference 2014, Sep-22-2014

Wesco Aircraft Holdings, Inc. Presents at Citigroup Industrial Conference 2014, Sep-22-2014 . Venue: Intercontinental Hotel, Boston, Massachusetts, United States.

Wesco Aircraft Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2014; Provides Earnings Guidance for 2014

Wesco Aircraft Holdings, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2014. For the quarter, the company reported net sales of $395.628 million against $230.236 million a year ago. Operating earnings were $52.683 million against $46.135 million a year ago. Income before provision for income taxes was $44.900 million against $40.892 million a year ago. Net income was $28.772 million against $27.026 million a year ago. Diluted net income per share was $0.29 against $0.28 a year ago. EBITDA was $61.167 million against $48.347 million a year ago. Adjusted EBITDA was $63.170 million against $49.720 million a year ago. Adjusted net income was $33.026 million against $29.497 million a year ago. Adjusted net income per diluted shares was $0.34 against $0.31 a year ago. In the third quarter the company generated $31.4 million of free cash flow. Effective tax rate for the quarter was 35.9%. For the nine months, the company reported net sales of $947.710 million against $667.269 million a year ago. Operating earnings were $135.818 million against $131.922 million a year ago. Income before provision for income taxes was $118.754 million against $112.344 million a year ago. Net income was $77.454 million against $74.840 million a year ago. Diluted net income per share was $0.79 against $0.78 a year ago. EBITDA was $152.355 million against $141.587 million a year ago. Adjusted EBITDA was $162.138 million against $144.871 million a year ago. Adjusted net income was $90.933 million against $84.831 million a year ago. Adjusted net income per diluted shares was $0.93 against $0.89 a year ago. Net cash provided by operating activities was $2.448 million against $56.901 million a year ago. Purchases of property and equipment were $7.900 million against $1.844 million a year ago. Year-to-date the company had used $5.5 million of free cash flow, including almost $9 million associated with the Haas acquisition and integration. For the full year 2014, the company's revenues expected to be between $1.350 billion and $1.380 billion, representing growth of approximately 50% to 53% over fiscal 2013 results. Diluted EPS are now expected in the range of $1.12 to $1.15. Adjusted Diluted EPS are now expected in the range of $1.30 to $1.33, an increase of 7% to 9% compared to the prior year. The adjustments to full year guidance for diluted and adjusted diluted EPS are driven primarily by current market margin activity. For the year the company’s anticipate that the effective tax rate would end up at between 34.5% and 35%, which is consistent with the effective tax rate year-to-date.

Wesco Aircraft Holdings, Inc. to Report Q3, 2014 Results on Aug 04, 2014

Wesco Aircraft Holdings, Inc. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Aug 04, 2014

 

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