Avcorp Industries, Inc. AVPFF

Industrials Aerospace & Defense

Avcorp Industries Inc is a Canada based manufacturer within the aerospace industry. It designs and builds structures for aircraft manufacturers. The reportable segments of the company are The Avcorp Structures and Integration segment, which offers metallic and composite aerostructures assembly and integration; The Comtek advanced Structures segment dedicated to aircraft structural component repair services, and design and manufacture of composite aerostructures; and The Avcorp Composite Fabrication segment which offers advanced composite aerostructures fabrication. The group makes sales internationally and generates a majority of the revenue from the Europe.

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Avcorp Industries, Inc.

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Comment by paperboy222on May 16, 2016 10:04pm

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Post# 24879473

RE:RE:2016 Q1 Results Today?

Based on the positives I can live with this qtrly report but epxcet managments to definitately have their act together in the 3rd qtr reporting.

During the quarter ended March 31, 2016 Avcorp Group revenues totaled $35,347,000 as compared to $15,661,000 revenue for the same quarter in the previous year. The December 18, 2015 acquisition of the US based composite Aerostructures division of Hitco located in Gardena, CA has added $18,933,000 to current quarter revenues.
Composite aircraft structure repair revenues out of Comtek, Avcorp’s Burlington, ON facility, continued with a strong performance, as 2016 revenues increased 94% over revenues in the previous year’s first quarter. Composite floor panel revenues arising from aftermarket or spare component sales remained flat in first quarter 2016 relative to first quarter 2015; while composite floor panel revenues derived from sales to original equipment manufacturers have significantly increased by 107%.

Cheers

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