Wesco Aircraft Holdings (WAIR) Tops Q1 EPS by 2c, Beats on Revenues
Wesco Aircraft Holdings (NYSE: WAIR) reported Q1 EPS of $0.15, $0.02 better than the analyst estimate of $0.13. Revenue for the quarter came in at $363.1 million versus the consensus estimate of $346.85 million.
Fiscal 2018 First Quarter Highlights
- Net sales of $363.1 million, up 7.0 percent
- Net loss of $0.4 million, including additional tax expense of $9.1 million from enactment of the Tax Cuts and Jobs Act of 2017
- Adjusted net income(1) of $14.5 million, or $0.15 per diluted share
- Adjusted earnings before interest, taxes, depreciation and amortization(1) (EBITDA) of $35.0 million, or 9.6 percent of net sales
Fiscal 2018 Outlook
The company continues to target a low single-digit percentage increase in net sales year-over-year in fiscal 2018, as well as a low double-digit percentage increase in adjusted EBITDA year-over-year in fiscal 2018. The company also continues to expect that it will end the fiscal year at an adjusted EBITDA margin run-rate of more than 10 percent.
For earnings history and earnings-related data on Wesco Aircraft Holdings (WAIR) click here.