Revenue growth helped BE Aerospace (BEAV) reap higher profit in the second quarter. <\/p>\n
Earnings and Revenue <\/p>\n
The company experienced stronger-than-expected EPS and revenues. The company reported EPS of 69 cents a share versus the 68 cents a share estimate and revenues of $768.1 million versus the $749.8 million estimate. The estimates of 15 analysts ranged from profit of 65 cents to profit of 71 cents. <\/p>\n
The company's net income for the quarter was $72.1 million. This is 31.6% higher than the year-ago quarter. Revenue climbed 26.1% from $608.9 million in the same period last year. <\/p>\n
Company Fundamental Trends <\/p>\n
Last quarter marked the third in a row of rising net income. The company has averaged revenue growth of 25.2% over the past five quarters. <\/p>\n
History Against Expectations <\/p>\n
The company has now topped analyst estimates for at least the last four quarters. It beat by 8 cents in the first quarter, 4 cents in the fourth quarter of the last fiscal year and 3 cents in the third quarter of the last fiscal year. <\/p>\n
Official Comment: <\/p>\n
Commenting on the Company's outlook, Mr. Khoury stated, \"We are confirming our 2012 full year guidance of $2.75 per diluted share in spite of the approximately $0.13 per share interest expense drag on earnings resulting from our first quarter 2012 $500 million senior notes issuance. The third quarter of 2012 senior notes issuance and tender (exclusive of a one-time charge of approximately $0.55 per share for debt prepayment expense) is expected to be approximately neutral to 2012 EPS. The $2.75 EPS guidance represents earnings per share growth of approximately 23 percent (38 percent on a comparable interest expense and comparable tax rate basis). Our total backlog, both booked and awarded but unbooked, of approximately $8.1 billion, our expectation of significantly higher levels of wide-body aircraft deliveries, the expectation for continued growth in global passenger travel, and the attendant increases in capacity all provide a solid foundation for strong revenue and earnings growth.\" <\/p>\n<\/p>\n
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BE Aerospace 2Q Results: Postgame Scorecard<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Revenue growth helped BE Aerospace (BEAV) reap higher profit in the second quarter. Earnings and Revenue The company experienced stronger-than-expected EPS and revenues. The company reported EPS of 69 cents a share versus the 68 cents a share estimate and revenues of $768.1 million versus the $749.8 million estimate Continue reading