April 22, 2013

B/E Aerospace posts first quarter 2013 results

B/E Aerospace announced first quarter 2013 financial results. First quarter 2013 revenues of $842.2m increased $94.9m, or 12.7%, as compared with the prior year period. First quarter 2013 operating earnings were $153.6m, an increase of 18.3%, and operating margin of 18.2% increased 80 basis points as compared to the prior year period. The growth in operating earnings and the improvement in operating margin occurred primarily as a result of operating leverage at the higher revenue level and ongoing operational efficiency initiatives. Operating earnings and operating margin, both adjusted to exclude acquisition, integration and transition (AIT) costs, were $157.7m and 18.7%. First quarter 2013 net earnings were $89.9m, an increases of 30.7%  as compared with the prior year period.

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