Sales increased 10% to a record $424 million: -- ABSC
sales increased $30 million, or 9% to $350 million -- EFC sales rose $10 million, or 15% to $74 million.
Sales grew to a record $385 million as both ABSC and EFC revenues grew 9% * Consolidated sector revenues for the full year are as follows: - General Aviation revenues grew 15% to $73 million - Military revenues rose 14% to $112 million - Commercial Transport revenues reached $200 million on a 4% increase * Adjusted EBITDA increased $4 million to $147 million * Net income available to common stockholders was $20 million, or $0.
Results for Fourth Quarter 2005 Compared with Fourth Quarter 2004 * Sales in the fourth quarter grew by $10 million, or 10% to $106 million driven by 9% growth at ABSC and 15% growth at EFC * Adjusted EBITDA increased $1 million to $41 million, or 39% of revenues * Net income available to common stockholders was $17 million, or $0.
Jet Blue has chosen ABSC as the wheel and brake maintenance provider for its new Embraer 190 fleet, which includes 101 firm and 100 option aircraft.
Sales increased 8% to $279 million led by ABSC with an increase in sales of 9% -- Consolidated sector revenues: - General Aviation revenues were $54 million, up 15% - Commercial Transport revenue increased 6% to $152 million - Military revenues were $73 million, versus $68 million -- Adjusted EBITDA increased $3 million to $106 million -- Net income available to common stockholders was $3 million, or $0.
ABSC Continues to Expand Its Portfolio of Regional and General Aviation Aircraft
In 2003, ABSC maintained its focus on expanding its portfolio of programs by targeting and winning the majority of the high-cycle wheel and brake platforms.
During the quarter, ABSC
won several competitions to supply wheels, brakes and brake control systems on new regional and business jet aircraft.
DCF029 02/16/2001 13:35 r f bc-CA-Rob-Steph-grwth-st (SAN FRANCISCO) Robertson Stephens Daily Growth Stock Update on AIV, BKHM, ABSC
, BRCM, CBIS, DELL, ISLE, NT, PCLN, SQNM, SPG, SEPR, BSX, LLY, EXLT, NAVI,
Schwartz, K & F Industries president and chief executive officer, stated, "We are very pleased that Bombardier has shown its confidence in our products with its decision to continue the relationship with ABSC
as the supplier of wheels and brakes for the Challenger 605 jet.
and Embraer will be the first to introduce brake-by-wire technology into the very light business jet market segment, capitalizing on ABSC
's demonstrated ability to provide smooth braking modulation with high performance stopping efficiency.
Results for First Quarter 2006 Compared with First Quarter 2005 * Sales rose by 3% to $91 million -- ABSC
sales increased $2 million, or 3% to $76 million -- EFC sales rose $350,000, or 2% to $15 million * Adjusted EBITDA increased 12% to $36 million, or 40% of revenues as compared to $32 million, or 36% of revenues a year ago * Interest expense was $13 million, compared to $18 million a year ago, reflecting the company's debt reduction initiatives and rationalization of the company's capital structure * Net income applicable to common stockholders was $10 million, or $0.