Wesco Aircraft Holdings, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended September 30, 2018. For the quarter, the company reported net sales were $406,817,000 against $361,552,000 a year ago. Profit from operations was $22,372,000 against $19,970,000 a year ago. Profit before income taxes was $9,645,000 against $9,758,000 a year ago. Net profit was $7,274,000 against net loss of $38,287,000 a year ago. Basic and diluted net profit per share was $0.07 against basic and diluted net loss per share of $0.39 a year ago. Adjusted net income was $18,160,000 against $8,389,000 a year ago. Adjusted net income per diluted share was $0.18 against $0.08 a year ago.

For the full year, the company reported net sales were $1,570,450,000 against $1,429,429,000 a year ago. Profit from operations was $109,468,000 against loss from operations of $208,795,000 a year ago. Profit before income taxes was $60,612,000 against loss before income taxes of $248,247,000 a year ago. Net profit was $32,654,000 against net loss of $237,346,000 a year ago. Basic and diluted net profit per share was $0.33 against basic and diluted net loss per share of $2.40 a year ago. Adjusted net income was $74,978,000 against $57,936,000 a year ago. Adjusted net income per diluted share was $0.75 against $0.59 a year ago.

The company expects net sales in fiscal 2019 to increase at a mid-single-digit percentage rate compared to fiscal 2018, primarily due to new business, volume increases on existing contracts and growth in ad-hoc sales. On an adjusted basis guidance for EPS growth somewhere between 30% and 35% for next year.