Wesco Aircraft Holdings Sales Down 2.3% in 2Q - Modern Distribution Management

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Wesco Aircraft Holdings Sales Down 2.3% in 2Q

Company's sales for first six months decrease 3 percent.

Aerospace distributor Wesco Aircraft Holdings Inc. (NYSE: WAIR), Valencia, CA, reported sales for the second quarter of $376.7 million, down 2.3 percent from the same period a year ago. Second-quarter profit was up 1.9 percent to $23.5 million.

Dave Castagnola, Wesco Aircraft’s president and CEO, said, "Our supply chain management strategies continue to be developed and implemented; as we better align material acquisition to demand forecasts, we are strengthening materials management, demand planning and strategic sourcing activities. The cost reduction actions taken at the end of fiscal 2015 and our ongoing focus on efficiencies again led to lower selling, general and administrative expenses."

Sales for the first six months were $736.6 million, down 3 percent from the same period a year ago. Profit for the first six months was $44.1 million, up 3.1 percent.

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