wesco aircraft holdings inc (WAIR) Key Developments
Wesco Aircraft Holdings, Inc. Announces Executive Changes Effective as of March 31, 2015
Mar 26 15
On March 25, 2015, Wesco Aircraft Holdings, Inc. appointed K. Lynn Mackison, currently the company's Vice President and Global Controller, to serve as acting Chief Financial Officer, effective as of March 31, 2015, until a permanent Chief Financial Officer is in place. As previously disclosed, Greg Hann is retiring from his position as the company's Executive Vice President and Chief Financial Officer on March 31, 2015. Mr. Hann has agreed to serve as a consultant to the Company for one year following his retirement date. Ms. Mackison, age 42, has served as the Company's Vice President and Global Controller since January 2015. Prior to joining the Company, she served as General Manager, Finance at Delta Technical Operations, the maintenance, repair and overhaul division of Delta Air Lines, Inc.
Wesco Aircraft Holdings, Inc. Appoints Thomas M. Bancroft III as Director
Feb 23 15
Wesco Aircraft Holdings, Inc. announced that its board of directors has appointed Thomas M. Bancroft III as a director, effective immediately. Mr. Bancroft will serve as a Class III director, with an initial term expiring at the company’s 2017 Annual Meeting of Stockholders. He brings significant investment experience and adds another strong shareholder perspective to the board. Wesco Aircraft has a solid reputation in the marketplace. Mr. Bancroft is currently the managing member, portfolio manager and chief investment officer at Makaira Partners, LLC. Mr. Bancroft previously served as a senior managing director and portfolio manager at Plaza Investment Managers, Inc.
Wesco Aircraft Holdings, Inc. Announces Unaudited Consolidated Earnings Results for First Quarter Ended Dec. 31, 2014; Reaffirms Earnings Guidance for the Full Year of Fiscal 2015
Feb 5 15
Wesco Aircraft Holdings, Inc. announced unaudited consolidated earnings results for first quarter ended Dec. 31, 2014. For the quarter, the company reported net sales of $373,696,000, operating earnings of $39,291,000, income before provision for income taxes of $30,166,000, net income of $19,730,000 or $0.2 per diluted share compared to the net sales of $224,722,000, operating earnings of $40,613,000, income before provision for income taxes of $37,145,000, net income of $24,370,000 or $0.25 per diluted share for the same quarter a year ago. Net cash provided by operating activities were of $11,317,000 compared to net cash used in operating activities of $26,051,000 a year ago. Purchases of property and equipment was of $1,299,000 compared to $1,853,000 a year ago. Adjusted EBITDA was of $48,815,000 compared to $44,531,000 a year ago. Adjusted Net Income was of $24,629,000 or $0.25 per diluted share compared to $25,898,000 or $0.27 per diluted share a year ago. EBITDA was $46,121,000 against $44,418,000 a year ago.
The company reaffirms its fiscal 2015 guidance as follows: net sales of between $1.625 billion and $1.675 billion; diluted earnings per share of between $1.14 and $1.24; and adjusted diluted earnings per share of between $1.30 and $1.40. The company also continues to expect fiscal 2015 free cash flow of between $100 million and $120 million. The company expects an effective tax rate for fiscal 2015 of 34% to 35%. The company still expect free cash flow between $100 million to $120 million in fiscal 2015.
Wesco Aircraft Holdings, Inc. Presents at JPMorgan Aviation, Transportation & Industrials Conference, Mar-03-2015
Jan 22 15
Wesco Aircraft Holdings, Inc. Presents at JPMorgan Aviation, Transportation & Industrials Conference, Mar-03-2015 . Venue: J.P. Morgan, 383 Madison Avenue, New York, New York, United States.
Wesco Aircraft Holdings, Inc. to Report Q1, 2015 Results on Feb 05, 2015
Jan 15 15
Wesco Aircraft Holdings, Inc. announced that they will report Q1, 2015 results at 5:00 PM, US Eastern Standard Time on Feb 05, 2015