Aviall Q1 Sales Jump 50%

Jason Sandefur

Aviall Inc. announced net earnings during the first quarter of 2003 improved 58% to $7.2 million, while net sales rose 50% to $251.5 million. Q1 net sales for 2002 did not include $40 million of part sales made directly by Rolls-Royce to the U.S. military. Q1 gross profit gained 14% to $42.3 million.
CEO Paul Fulchino said Dallas-based Aviall performed well in a bad aviation market by increased military-based sales. Fulchino said he�s �encouraged by the strength in our military and general aviation sectors, which represent nearly 80% of our revenues.� Web: aviall.com �2003 FastenerNews.com