Wesco Aircraft Holdings (NYSE: WAIR) reported Q2 EPS of $0.24, $0.03 worse than the analyst estimate of $0.27. Revenue for the quarter came in at $376.7 million versus the consensus estimate of $379.17 million.

Dave Castagnola, president and chief executive officer, said, “Fiscal 2016 second quarter results demonstrate consistent execution across our business. Sales excluding the impact of currency movements and the previously disclosed large commercial contract were slightly higher than the second quarter of last year, led by growth in contract revenue. Continuing with our focus on growing sales, we renewed long-term contracts with scope expansion and signed new business in the quarter. These wins are expected to drive incremental sales growth in the second half of fiscal 2016 and into fiscal 2017 and 2018.

"Our supply chain management strategies continue to be developed and implemented; as we better align material acquisition to demand forecasts, we are strengthening materials management, demand planning and strategic sourcing activities. The cost reduction actions taken at the end of fiscal 2015 and our ongoing focus on efficiencies again led to lower selling, general and administrative expenses. We also paid down an additional $25 million in debt in the second quarter.”

For earnings history and earnings-related data on Wesco Aircraft Holdings (WAIR) click here.