B/E Aerospace second quarter results exceed expectations

B/E Aerospace second quarter operating earnings of $84.3 million increased by 41.7% as compared with the second quarter of the prior year. Second quarter operating margin of 16.1% expanded by 120 basis points compared to the second quarter of the prior year.

second quarter net earnings of $53.9 million increased by 89.8% as compared with the second quarter of the prior year. Second quarter net earnings per diluted share of $0.59 increased by 90.3%. 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% compared to June 30, 2007.

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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