QUOTE AND NEWS
DailyFinance  Jun 3  Comment 
Wesco Aircraft Holdings, Inc. (“Wesco Aircraft” or the “Company”) (NYSE: WAIR) today announced the pricing of the previously announced public offering of 6,000,000 shares of its common stock by an affiliate of The ...
DailyFinance  Jun 2  Comment 
Wesco Aircraft Holdings, Inc. (“Wesco Aircraft” or the “Company”) (NYSE: WAIR) today announced the commencement of a public offering of 6,000,000 shares of its common stock by an affiliate of The Carlyle Group ...
TheStreet.com  Apr 28  Comment 
NEW YORK (TheStreet) -- Wesco Aircraft Holdings Inc. was downgraded to "neutral" from "overweight" at JP Morgan on Monday. The firm said it lowered its rating for the holding company for Wesco Aircraft Hardware Corp. based on a valuation call...
SeekingAlpha  Mar 28  Comment 
By Unconventional Capital Wisdom: Earlier in the month we were excited to listen to the 3 Ts from Buffett's Berkshire Hathaway talk about anything, seeing how they have not been in the spotlight too much since they have joined the company. What...
StreetInsider.com  Mar 24  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Wesco+Aircraft+%28WAIR%29+Announces+Just-in-Time+Contract+Extension+with+GKN/9310563.html for the full story.
SeekingAlpha  Mar 18  Comment 
By Zacks Investment Research: Due to soaring demand for air travel as well as strong interest from militaries eager to beef up their air force hardware, events are shaping up nicely for firms across the aerospace sector. Several companies have...
TheStreet.com  Mar 11  Comment 
Update (9:45 a.m.): Updated with Tuesday market open information. NEW YORK (TheStreet) -- RBC Capital upgraded Wesco Aircraft  to "outperform" from "sector perform" and set a $27 target price. The firm noted the company can grow organically...
Reuters  Feb 11  Comment 
Wesco Aircraft Holdings Inc , a distributor of supply chain management services to the global aerospace industry, revealed details on plans to tap the leveraged loan markets to...
Benzinga  Feb 6  Comment 
In a report published Thursday, Morgan Stanley analyst John D. Godyn reiterated an Equal-Weight rating on Wesco Aircraft (NYSE: WAIR). In the report, Morgan Stanley noted, “Though we will revisit our valuation and model in our upcoming...
SeekingAlpha  Feb 6  Comment 
Wesco Aircraft Holdings, Inc. (WAIR) Q4 2013 Earnings Call February 5, 2014 04:30 PM ET Executives Mark Davidson – Investor Relations Randy Snyder – Chairman and CEO Hal Weinstein – EVP of Sales and Marketing Greg Hann –...




 
TOP CONTRIBUTORS

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]

  1. WAIR S-1/A 2011 PROSPECTUS SUMMARY "" pg
  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
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki