B/E Aerospace announced third quarter 2012 financial results. Revenues of $766.7m increased 20.6%, Operating earnings, adjusted to exclude acquisition, integration and transition (AIT) costs, were $138.9m, an increase of 23.9% and adjusted operating margin of 18.1% increased 50 basis points. Operating earnings, on a GAAP basis to include AIT costs, were $134.3m. Net earnings adjusted to exclude both one-time debt prepayment costs and AIT costs, were $79.2m an increase of 21.1%. Net earnings on a GAAP basis to include one-time debt prepayment costs and AIT costs, were $18.5m. The Company expects full-year 2012 EPS of approximately $2.82 per diluted share, inclusive of AIT costs but exclusive of debt prepayment costs, representing a year-over-year increase of approximately 26%. The Company established its full-year 2013 guidance of approximately $3.38 per diluted share, representing a year-over-year increase of 20%.
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Tamar Jorssen
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada