| From: JakeStraw | 7/29/2008 7:59:23 AM | | | | | | B/E Aerospace Second Quarter Results Exceed Expectations; Record Net Sales up 31%; Record Operating Earnings up 42%; Record Net Income and Net Earnings Per Share up 90%; Raises 2008 Financial Guidance
biz.yahoo.com
Tuesday July 29, 2:00 am ET
WELLINGTON, Fla.--(BUSINESS WIRE)--B/E Aerospace, Inc. (Nasdaq:BEAV), the world’s leading manufacturer of aircraft cabin interior products and the leading aftermarket distributor of aerospace fasteners, today announced financial results for the second quarter of 2008.
Highlights
* Record second quarter net sales of $522.2 million reflect 31.1 percent year-over-year organic growth.
* Record second quarter operating earnings of $84.3 million increased by 41.7 percent as compared with the second quarter of the prior year. Second quarter operating margin of 16.1 percent expanded by 120 basis points compared to the second quarter of the prior year.
* Record second quarter net earnings of $53.9 million increased by 89.8 percent as compared with the second quarter of the prior year. Second quarter net earnings per diluted share of $0.59 increased by 90.3 percent.
* Record bookings for the quarter totaled approximately $610 million representing a book-to-bill ratio of approximately 1.2:1. Backlog as of June 30, 2008 was a record at approximately $2.4 billion and is up approximately 26 percent compared to June 30, 2007.
* On July 28, 2008 the company completed its acquisition of Honeywell’s Consumables Solutions distribution business (HCS) for $1.05 billion which consisted of $901.4 million in cash consideration and six million shares of the company’s common stock.
* The company raised its full-year 2008 financial guidance by $0.02 per diluted share to approximately $2.37 per diluted share, excluding the impact of HCS transaction related effects. |
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| From: JakeStraw | 10/27/2008 8:10:13 AM | | | | | | B/E Aerospace Reports Third Quarter Results; Revenues up 37%; Operating Earnings up 60%; EPS of $0.59 Up 23% Exclusive of Items; Updates Financial Outlook
biz.yahoo.com
Monday October 27, 2:00 am ET
WELLINGTON, Fla.--(BUSINESS WIRE)--B/E Aerospace, Inc. (Nasdaq:BEAV), the world’s leading manufacturer of aircraft cabin interior products and the world’s leading distributor of aerospace fasteners and consumables, today announced financial results for the third quarter of 2008.
Third Quarter Highlights
* Net sales of $587.8 million increased 37.3 percent as compared with the third quarter of 2007.
* Operating earnings of $101.3 million increased $38.1 million, or 60.3 percent, as compared with the prior year period. Operating earnings include $3.6 million of acquisition, integration, and transition costs related to the acquisition of Honeywell’s Consumables Solutions distribution business (HCS).
* Adjusted operating earnings (defined below) increased 66.0 percent to $104.9 million as compared with the prior year period. Adjusted operating margin increased by 300 basis points to 17.8 percent. Adjusted operating earnings exclude $3.6 million of acquisition, integration and transition costs.
* Net earnings of $51.8 million and net earnings per diluted share of $0.54, were negatively impacted by the $3.6 million of acquisition, integration and transition costs, and $3.6 million of debt prepayment costs.
* Net earnings and net earnings per diluted share, adjusted to exclude the above mentioned costs were $56.6 million and $0.59 per diluted share, respectively, and increased 27.2 percent and 22.9 percent, respectively, as compared with the third quarter of 2007. |
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| To: JakeStraw who wrote (191) | 11/12/2008 10:47:49 PM | | From: Bookdon | | | | I would think that any mergers would result in at least some refurbishing of aircraft interiors. Any thoughts on the potential for filling in near term orders and profits?
Gitgo |
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| To: JakeStraw who wrote (194) | 11/15/2008 7:17:43 PM | | From: Bookdon | | | | That is my thinking, too. I believe that lower oil prices will improve airline earnings, and allow additional new orders for equipment (longer term benefit for BEAV). In the meantime, mergers may mean upgrades of aircraft interiors, for short term benefit of BEAV.
Gitgo |
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| From: JakeStraw | 12/2/2008 11:29:37 AM | | | | | | B/E Aerospace Honored by Embraer as Interior Supplier of the Year
biz.yahoo.com
Tuesday December 2, 11:00 am ET
WELLINGTON, Fla.--(BUSINESS WIRE)--B/E Aerospace, Inc. (Nasdaq:BEAV), the world's leading manufacturer of aircraft cabin interior products and the world’s leading distributor of aerospace fasteners and consumables, today announced that Embraer has named B/E Aerospace as its 2008 Interior Supplier of the Year. The award was recently presented to B/E Aerospace during ceremonies in Campinas, Brazil.
B/E Aerospace received the award as a result of its superior performance, strong focus on passenger comfort, customer satisfaction and the ability to meet Embraer’s demanding quality and delivery requirements. |
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| From: JakeStraw | 12/29/2008 8:24:54 AM | | | | | | B/E Aerospace Receives FAA Certification to Convert Airbus A300-600 Passenger Aircraft to Freighters
finance.yahoo.com
WELLINGTON, Fla.--(BUSINESS WIRE)--B/E Aerospace, Inc. (Nasdaq:BEAV - News), the world's leading manufacturer of aircraft cabin interior products and the world’s leading distributor of aerospace fasteners and consumables, announced today that it has received a supplemental type certificate (STC) from the FAA which authorizes the company to convert Airbus A300-600 passenger aircraft to freighters. The STC was awarded to B/E Aerospace’s Flight Structures unit (FSI).
The company previously announced that it had been awarded a contract by China Southern Airlines to convert six of its A300-600 passenger aircraft to freighters. B/E Aerospace expects the six aircraft program for China Southern Airlines to have a value of approximately $45 million. |
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