Benzinga  Mar 26  Comment 
On March 25, 2015, Wesco Aircraft Holdings, Inc.'s (the "Company") Board of Directors (the "Board") appointed K. Lynn Mackison, currently the Company's Vice President and Global Controller, to serve as acting Chief Financial Officer, effective as...
TheStreet.com  Mar 16  Comment 
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of Jim Cramer, TheStreet, Inc., or any of its contributors.  TheStreet Ratings quantitative algorithm evaluates over 4,300 stocks on...
Benzinga  Nov 24  Comment 
Bank of America downgraded Wesco Aircraft Holdings Inc (NYSE: WAIR) from Buy to Underperform Monday and set a $26 price target after missing Q4 estimates. Analyst Ronald J. Epstein derived the $26 price target “using a 17x one-year forward...
Benzinga  Nov 21  Comment 
Wesco Aircraft Holdings Inc (NYSE: WAIR) -15% - Shares are lower following the company’s weaker-than-expected financial results. In addition, Barclays analysts downgraded the stock to Equal-weight and lowered the price target to...
TheStreet.com  Nov 21  Comment 
NEW YORK (TheStreet) -- Wesco Aircraft Holdings Inc. was downgraded to "equal weight" from "overweight" at Barclays on Friday. The firm said it lowered its rating on the company, which distributes and provides supply chain management services...


Wesco Aircraft Holdings (NYSE:WAIR) makes hardware for the aircraft industry. This includes mostly engineered fasteners as well as bearings, tools, electronic components, and machined parts. In addition, Wesco helps to manage the supply chain of aerospace companies. Wesco Aircraft focuses on just-in-time, or JIT, delivery of its goods to its customers in order to help minimize their inventory size. The majority of Wesco's sales are related to military planes.[1]

Business Overview

For the full year 2010, Welco's total revenue was $656M. This was an increase from the 2009 figure of $613M. In 2010, the company reported a net income of $73.7M and $58M in 2009. [2]

New Updates

The company's initial public offering of stock on the NYSE occurred on July 27, 2011. The company offered 21M shares each for $15. This was just below the initial price range of $15.50-$17.50. The deal raised a total of $315M. The lead underwriters were Barclays (BCS) and Morgan Stanley (MS).[3]

Trends & Forces

Dependence on Military Spending

In terms of net sales, Wesco receives more business for military planes than from commercial ones. In particular, sales for aircraft destined for the US Government make up a substantial portion of the company's revenue. If the U.S. Department of Defense cuts military spending as a whole, or ends a certain aircraft project, such as the F-35, the drop in demand for Wesco's parts would directly impact its business. Because the parts are often highly engineered, they are often not interchangeable across aircraft. As a result, the termination of a specific aircraft may have a direct impact on Welco.[4]

  2. WAIR S-1/A 2011 PROSPECTUS SUMMARY "Selected Consolidated Financial Data" pg35
  3. Renaissance Capital - IPO Home "Wesco Aircraft prices IPO at $15, below the range" 27 July 2011
  4. WAIR S-1/A 2011 PROSPECTUS SUMMARY "Risk Factors" pg 12-13
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