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Company Overview of First Aviation Services Inc.
First Aviation Services, Inc., through its subsidiaries, provides repair and overhaul, rotables management, and related engineering services to the aviation industry worldwide. It is involved in the maintenance, repair, and overhaul of landing gears, propellers, wheels, brakes and hose assemblies, and electrical components, as well as hydraulic, electromechanical, oxygen, and fire suppression systems. The company was founded in 1995 and is headquartered in Westport, Connecticut.
15 Riverside Avenue
Westport, CT 06880
Founded in 1995
Key Executives for First Aviation Services Inc.
Co-Founder, Chairman, Chief Executive Officer, President and Member of Executive Committee
Corporate Secretary and Controller
Compensation as of Fiscal Year 2015.
First Aviation Services Inc. Key Developments
First Aviation Services Inc. Reports Earnings Results for the First Quarter Ended March 31, 2014
May 16 14
First Aviation Services Inc. reported earnings results for the first quarter ended March 31, 2014. Sales for the first quarter were $5.9 million compared with $6.1 million in the prior year. Operating income showed improvement at $633,000 and 11% of sales versus a loss of $143,000 in the prior year period. Income available to common stockholders was $312,000 versus the prior year's $2.9 million which included income from discontinued operations of $3.4 million. Net income per share of continuing operations was $0.32 versus net loss per share of continuing operations of $0.44 in the prior year period.
First Aviation Services Inc. Reports Consolidated Earnings Results for the Year Ended Dec. 31, 2013
Mar 21 14
First Aviation Services Inc. reported consolidated earnings results for the year ended Dec. 31, 2013. For the period, the company reported net sales of $23.445 million compared to $21.579 million a year ago. Operating income from continuing operations was $0.380 million compared to operating loss from continuing operations of $1.146 million a year ago. Loss from continuing operations before income taxes was $0.341 million compared to $1.340 million a year ago. Income available to common stockholders was $2.821 million compared to loss attributable to common stockholders of $13.271 million a year ago. Net loss per share - assuming dilution - continuing operations was $0.59 compared to $1.83 a year ago. Net cash used in operating activities - continuing operations was $1,170 million compared to $1,156 million a year ago. Purchases of plant and equipment and other assets were $0.408 million compared to $0.710 million a year ago.
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