October 23, 2013
B/E Aerospace reports third quarter 2013 revenue up 15.8%
B/E Aerospace reported third quarter 2013 revenues of $888.1m, an increase of $121.4m, or 15.8%, as compared with the prior year period. Third quarter 2013 operating earnings were $160.1m, an increase of 19.2%, and operating margin of 18.0% increased 50 basis points as compared to the prior year period. Acquisition, integration and transaction (AIT) costs in the third quarter were approximately $6.9m, including expenses associated with the Blue Dot Energy Services (Blue Dot) acquisition. Operating earnings, adjusted to exclude AIT costs, were $167.0m, an increase of 20.2%, and adjusted operating margin of 18.8% increased 70 basis points compared to the prior year similarly adjusted to exclude AIT costs.