Wesco Aircraft Holdings
The 10-second takeaway
For the quarter ended June 30 (Q3), Wesco Aircraft Holdings beat slightly on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share increased significantly. GAAP earnings per share expanded significantly.
Gross margins increased, operating margins grew, net margins dropped.
Wesco Aircraft Holdings reported revenue of $230.2 million. The nine analysts polled by S&P Capital IQ expected to see a top line of $226.5 million on the same basis. GAAP reported sales were 22% higher than the prior-year quarter's $189.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at $0.31. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.31 per share. Non-GAAP EPS of $0.31 for Q3 were 29% higher than the prior-year quarter's $0.24 per share. GAAP EPS of $0.28 for Q3 were 22% higher than the prior-year quarter's $0.23 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 35.6%, 10 basis points better than the prior-year quarter. Operating margin was 20.0%, 10 basis points better than the prior-year quarter. Net margin was 11.7%, 10 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $232.7 million. On the bottom line, the average EPS estimate is $0.31.
Next year's average estimate for revenue is $897.6 million. The average EPS estimate is $1.19.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Wesco Aircraft Holdings is hold, with an average price target of $17.15.
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