Wesco Aircraft Holdings (WAIR) Takes Action to Reduce Cost; RBC Capital Cuts Price Target to $12

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Go back to Wesco Aircraft Holdings (WAIR) Takes Action to Reduce Cost; RBC Capital Cuts Price Target to $12

Wesco Aircraft Holdings Reports Results for Fiscal 2015 Fourth Quarter and Year

November 19, 2015 4:30 PM EST

VALENCIA, Calif., Nov. 19, 2015 (GLOBE NEWSWIRE) -- Wesco Aircraft Holdings, Inc. (NYSE: WAIR), a leading provider of comprehensive supply chain management services to the global aerospace industry, today announced results for its fiscal 2015 fourth quarter and year ended September 30, 2015.

Fiscal 2015 Fourth Quarter Highlights

Net sales of $369.7 million, down nine percent (seven percent, excluding foreign exchange)Fourth quarter actions taken to reduce costsInventory and goodwill value analyzed and adjustedNet loss of $214.0 million, or $2.21 per diluted share, primarily due to unusual or non-recurring items, including inventory... More