Military Sales Spur Aviall Growth

Jason Sandefur

Aviall Inc. reported net sales grew 30% to $251 million during the second quarter of 2003. However, Q2 net earnings posted a loss of $3.9 million compared to a gain of $7.8 million during the second quarter of 2002.
For the first six months of 2003, Dallas, TX-Aviall said net sales increased 39% to $502.3 million, while net earnings dropped 74% to $3.2 million. CEO Paul Fulchino said strong military sales countered continued softness in commercial aviation.
�The ongoing strength of military-based sales of our Rolls Royce T56 product line and our ability to generate growth in the general aviation market helped to offset the weakness in our airline-related segment.� Web: aviall.com �2003 FastenerNews.com