| From: JakeStraw | 4/27/2009 9:41:23 AM | | | | | | B/E Aerospace Reports First Quarter 2009 Financial Results; EPS $0.38 Per Share, In-Line with Guidance; Updates Full Year 2009 Guidance
finance.yahoo.com
On Monday April 27, 2009, 2:00 am EDT |
| | BE Aerospace (BEAV) Breakout | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| From: JakeStraw | 4/29/2009 9:37:25 AM | | | | | | B/E Aerospace Wins Contract to Supply Cabin Lighting for Next Generation Boeing 737 Program
finance.yahoo.com
On Wednesday April 29, 2009, 9:15 am EDT
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 The Boeing Company has selected B/E Aerospace as its manufacturer of cabin lighting for the next generation Boeing 737 aircraft program. This innovative B/E Aerospace supplier furnished equipment (SFE) system will become standard equipment on all next generation Boeing 737 aircraft, and is part of B/E Aerospace’s $2.3 billion unbooked SFE backlog. Program deliveries are expected to commence in late 2010, with volume deliveries commencing in 2011. |
| | BE Aerospace (BEAV) Breakout | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| From: JakeStraw | 4/30/2009 11:21:39 AM | | | | | | B/E Aerospace Wins $150 Million Initial Launch Orders from Bombardier, Dassault and Embraer for B/E Aerospace's New Aircraft Waste Water System
finance.yahoo.com
On Thursday April 30, 2009, 10:53 am EDT
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 its technologically advanced vacuum waste systems have been selected by a number of major business jet manufacturers for next generation aircraft platforms. These programs are initially valued in excess of $150 million, with volume production commencing in 2011.
B/E Aerospace’s vacuum waste management systems were selected for the following new aircraft platforms, including: Bombardier Learjet 85, Dassault Falcon 7X, and Embraer Legacy 450 and Legacy 500. |
| | BE Aerospace (BEAV) Breakout | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| From: JakeStraw | 7/27/2009 9:54:08 AM | | | | | | BE Aerospace upgraded to outperform at FBR
marketwatch.com
"In our view, this signals that a bottoming process is trying to take shape, and we think that BEAV's consumables business will be one of the first businesses to exit the downturn since we believe that the airlines have consumed their way through their consumables safety stock inventory." |
| | BE Aerospace (BEAV) Breakout | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| From: JakeStraw | 3/29/2010 8:35:29 AM | | | | | | B/E Aerospace Launches Industry's Lightest Weight Main Cabin Seating Platform; Wins Launch Awards from Nine Airlines and Leasing Companies Initially Valued in Excess of $250 Million
finance.yahoo.com
March 29, 2010
WELLINGTON, Fla.--(BUSINESS WIRE)--B/E Aerospace (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 its new patented Pinnacle™ main cabin seating platform, the industry’s lightest full-featured seat, has been selected by nine airlines and leasing companies. These launch awards are initially valued in excess of $250 million, and are for economy class programs in new-buy Boeing B737, Airbus A320, and Boeing B787 aircraft. Deliveries are expected to begin during the latter part of 2010. |
| | BE Aerospace (BEAV) Breakout | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| From: JakeStraw | 4/27/2010 9:07:23 AM | | | | | | B/E Aerospace First Quarter Results Exceed Expectations; 2010 Full Year Guidance Increased
finance.yahoo.com
April 27, 2010, 2:00 am EDT
FIRST QUARTER 2010 HIGHLIGHTS
* First quarter 2010 revenues of $463.5 million declined 11.5 percent as compared with the first quarter of 2009.
* First quarter 2010 operating earnings of $72.0 million declined 10.8 percent as compared with the first quarter of 2009. Operating margin of 15.5 percent expanded 10 basis points.
* First quarter 2010 net earnings were $33.8 million or $0.34 per diluted share.
* First quarter 2010 free cash flow of $38.2 million represented a free cash flow conversion rate of 113.0 percent.
* First quarter 2010 book-to-bill ratio was in excess of one for the second consecutive quarter. Bookings for both consumables and commercial aircraft segment spares improved substantially.
* Full-year 2010 earnings per share guidance is raised by $0.05 per diluted share to approximately $1.45 per diluted share.
* The company expects positive year-over-year quarterly earnings comparisons beginning in the second quarter of 2010.
Commenting on the company’s outlook, Mr. Khoury stated, “As a result of improving global air traffic and airline yields, and better than expected performance during the first quarter of 2010, we are raising our 2010 full year earnings per share guidance by $0.05 per diluted share to approximately $1.45 per diluted share. Second quarter 2010 earnings per diluted share are expected to be approximately $0.36. In addition, we expect to generate free cash flow in excess of 100 percent of net earnings for the full year 2010, with the second quarter free cash flow conversion rate lower than that of the first quarter of 2010. Our expectation for a higher level of demand for commercial aircraft segment spares and consumables should contribute toward favorable year-over-year quarterly operating earnings comparisons at the commercial aircraft and consumables management segments beginning in the second quarter of 2010. Importantly, based upon our expectation of an expansion in orders and backlog and a recovery in our commercial aircraft segment spares and consumables businesses during 2010, we expect a significant increase in revenues, earnings and cash flows beginning in 2011.”
The company’s financial guidance for 2010 is as follows:
* The company expects an expansion in orders and backlog in 2010 due to improving demand for consumables and commercial aircraft segment spares, the conversion of a portion of unbooked supplier furnished equipment awards to bookings, and an expected increase in orders for cabin interior products arising from the recent increase in RFQ activity related thereto.
* 2010 revenues are expected to be approximately 2 percent lower than 2009 revenues of approximately $1.94 billion, reflecting a lower level of commercial aircraft and business jet deliveries in 2010 and the weak bookings that the company experienced in 2009, offset somewhat by higher aftermarket revenues.
* The company expects favorable quarterly earnings comparisons to 2009 beginning in the second quarter of 2010. Second quarter 2010 earnings per diluted share are expected to be approximately $0.36.
* 2010 earnings per diluted share are expected to be approximately $1.45 per diluted share; an increase of $0.05 per diluted share from the company’s earlier guidance, based on improving global air traffic and airline yields, and better than expected performance during the first quarter of 2010.
* 2010 free cash flow is expected to be in excess of $145 million reflecting a free cash flow conversion rate in excess of 100 percent for the full year.
* Due to the expected expansion in orders and backlog in 2010 and a recovery in the commercial aircraft segment spares and consumables businesses, the company expects a significant increase in revenues, earnings and cash flows beginning in 2011. |
| | BE Aerospace (BEAV) Breakout | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| |
