Wesco Aircraft Holdings, Inc. reported unaudited consolidated results for the first quarter ended December 31, 2011. For the quarter, the company reported revenue of $192.6 million, a company record, up 11% compared to $173.5 million in the first quarter of 2011. Adjusted EBITDA was $47.4 million as compared to $44.1 million in the first quarter of 2011. The increase was due primarily to the growth in sales, partially offset by higher selling, general and administrative expenses. Net income was $23.2 million, resulting in diluted earnings per share of $0.24. This compared to $21.7 million or $0.23 per share in the prior year period. Adjusted net income was $24.3 million, resulting in adjusted diluted earnings per share of $0.26, compared to $23.0 million, or $0.25 per share in the prior year period. The primary reasons for the increase in adjusted net income were the higher sales partially offset by the SG&A costs and increase in the effective tax rate, as well as the change in the number of fully diluted shares from $92.6 million in first quarter of 2011 to $95 million in first quarter of 2012. Income from operations was $45.079 million compared to $41.311 million a year ago. Income before provision for income taxes was $38.54 million compared to $35.6 million a year ago. EBITDA was $47.44 million compared to $43.94 million a year ago. Net cash provided by operating activities was $22.597 million compared to $2.51 million a year ago. Purchases of property and equipment were $0.644 million compared to $0.234 million a year ago. The company reiterated earnings guidance for the full year of 2012. For the year, the company is reiterating guidance for revenues of between $760 million and $785 million, representing a growth rate of 7% to 10% over 2011 results. Diluted EPS and adjusted diluted EPS are expected to be in the range of $0.98 to $1.02, and $1.03 to $1.07, respectively. The company expects effective rate for the full year will be in the 39% range.