11/22/2013 1:37:00 PM
NEWS BRIEFS
MRO Gains Boost Wesco Aircraft Income
Wesco Aircraft reported fiscal fourth quarter revenue rose 10.5% to a record $234.3 million, with Q4 net income totaling $30 million due to “sustained growth in commercial activity in North America, rapid growth in Rest of World commercial sales and expansion of MRO sales.” Fourth-quarter EPS was $0.31.
Full-year revenue grew 16.2% to $776.2 million, while net income totaled $104.8 million and EPS reached $1.09.
Southern California-based Wesco manages aerospace supply chains with more than 525,000 parts and components include fasteners, fittings, nuts, bolts, bushings, clamps, collars, pins, screws and washers. The company operates 42 sales and stocking offices in 12 countries and employs more than 1,300 workers. ©2013 GlobalFastenerNews.com
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