Aviall Sales & Profit Grow

Jason Sandefur

Fresh on the heels of announcing it will be acquired by The Boeing Co., Aviall Inc. reported a “solid start” during the first quarter of 2006, with sales from Aviall Services, including fasteners, rising 26.4% to $359 million. Segment profit grew 25% to $33 million.
Overall Q1 sales increased 26% to $367 million, while operating income gained 24% to $31.2 million. Net income climbed 22% to $15.8 million during the quarter.
“Despite the negative impact of current high oil prices on the aerospace industry and the resulting uncertainties cast on the broader global economic expansion, Aviall continues to charge ahead,” stated CEO Paul Fulchino.
On May 1 Aviall announced it had signed a deal for Boeing to acquire the aerospace products distributor for $1.7 billion cash and assumption of about $350 million in debt. Web: aviall.com �2006 FastenerNews.com