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Avcorp Industries Inc.: Second Quarter Fiscal 2000 Results

24 May 2000

Avcorp Industries Inc reported a $79,000 second quarter loss compared to a loss of $9,610,000 in the same period last year and a loss of $99,000 in the previous quarter. Revenues increased 11% to $22,994,000 compared to $20,702,000 last year. The quarter benefited from one-time recoveries on both Boeing and Bombardier programs, which represented about 9% of the quarter's sales and improved the gross margins in the quarter. Avcorp Industries Inc. is a Canadian aerospace industry manufacturer. The Company is a single-source supplier for design, machining, fabrication and assembly of metal, composite and plastic components for global aerospace markets.