Wesco Aircraft Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended September 30, 2018; Provides Earnings Guidance for the Year 2019
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.