Wesco Aircraft Holdings (WAIR) Reports In-Line Q4 EPS
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Wesco Aircraft Holdings (NYSE: WAIR) reported Q4 EPS of $0.27, in-line with the analyst estimate of $0.27. Revenue for the quarter came in at $369.7 million versus the consensus estimate of $391.78 million.
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Fiscal 2016 Outlook
Castagnola continued, “We are transforming Wesco to better reflect our position as one of the world’s largest providers of supply chain management services to top-tier global companies. We have aggressively built a strong foundation; we have established Wesco’s vision, goals, and culture, validated our value proposition, taken significant actions to improve our performance, and initiated Policy Deployment throughout the entire company to better align our goals and improvement targets. Our focus now is to sustain and build upon this foundation, by developing a more performance-based culture that delivers consistent profitable growth of products and services, margin improvement and enhanced earnings, robust cash flow and higher return on equity.
“For fiscal 2016, we expect the underlying business to achieve above-market expansion across our three market channels, yielding low single-digit growth by offsetting declines we had previously disclosed in fiscal 2015. Fourth-quarter 2015 actions are expected to generate net cost savings of $25 million to $30 million in fiscal 2016. We anticipate EBITDA margin improvement of approximately 100 basis points in fiscal 2016, primarily through cost reductions and some sales leverage, and free cash flow that exceeds 100 percent of net income.”
For earnings history and earnings-related data on Wesco Aircraft Holdings (WAIR) click here.
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