WELLINGTON, Fla.--(BUSINESS WIRE)-- <\/p>\n
B\/E Aerospace, Inc. (BEAV), the worlds leading manufacturer of aircraft cabin interior products and the worlds leading distributor of aerospace fasteners and consumables, today announced fourth quarter and full year 2012 financial results. <\/p>\n
FOURTH QUARTER 2012 HIGHLIGHTS VERSUS FOURTH QUARTER PRIOR YEAR <\/p>\n
FULL YEAR 2012 HIGHLIGHTS VERSUS FULL YEAR 2011 <\/p>\n
2013 FINANCIAL GUIDANCE <\/p>\n
FOURTH QUARTER CONSOLIDATED RESULTS <\/p>\n
Fourth quarter 2012 revenues of $803.2 million increased $148.5 million, or 22.7 percent, as compared with the prior year period. <\/p>\n
Operating earnings were $138.1 million, an increase of 26.6 percent, and operating margin of 17.2 percent increased 50 basis points. The growth in operating earnings and the improvement in operating margin occurred primarily as a result of operating leverage at the higher sales volume and ongoing operational efficiency initiatives. Operating earnings and operating margin, adjusted to exclude acquisition, integration and transition (AIT) costs, were $142.2 million and 17.7 percent. <\/p>\n
Net earnings and earnings per diluted share were $75.2 million and $0.73 per share, increases of 31.2 percent and 30.4 percent, respectively. <\/p>\n
Commenting on the Companys fourth quarter and full year 2012 performance, Amin J. Khoury, Chairman and Chief Executive Officer of B\/E Aerospace said, I am pleased to report, our 2012 results which were the best in the Companys history. 2012 revenues, operating earnings, operating margin, bookings and backlog were all records, and net earnings and EPS, adjusted to exclude debt prepayment costs, were also records. Our revenue growth continues to be driven primarily by the robust new aircraft delivery cycle. Approximately 61 percent of fourth quarter and full year 2012 revenues was driven by demand for products for new-buy aircraft reflecting both robust new aircraft deliveries and weaker aftermarket demand. <\/p>\n
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B\/E Aerospace Reports Fourth Quarter and Full Year 2012 Financial Results; Fourth Quarter 2012 EPS Up 30%; Full Year ...<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" WELLINGTON, Fla.--(BUSINESS WIRE)-- B\/E Aerospace, Inc. (BEAV), the worlds leading manufacturer of aircraft cabin interior products and the worlds leading distributor of aerospace fasteners and consumables, today announced fourth quarter and full year 2012 financial results. Continue reading