QUOTE AND NEWS
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...
SeekingAlpha  Aug 14  Comment 
By Unconventional Capital Wisdom: Wesco Aircraft Holdings (NYSE:WAIR) revenues grew in the last quarter by 72% to $395 million, yet adjusted net income only grew by 9%. Adjusted EBITDA was $63.2 million and as we mentioned in our previous article...
SeekingAlpha  Aug 5  Comment 
Wesco Aircraft Holdings, Inc. (NYSE:WAIR) Q3 2014 Earnings Conference Call August 4, 2014 5:00 PM ET Executives Mark Davidson - Corporate Treasurer and Head, IR Randy Snyder - CEO and Chairman Thad Fortin - EVP and CSO Greg Hann...
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...




 
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
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