BE Aerospace Inc. (NASDAQ:BEAV) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
BE Aerospace Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 29.85% to $0.87 in the quarter versus EPS of $0.67 in the year-earlier quarter.
Revenue: Rose 12.7% to $842.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: BE Aerospace Inc. reported adjusted EPS income of $0.87 per share. By that measure, the company beat the mean analyst estimate of $0.80. It beat the average revenue estimate of $808.29 million.
Quoting Management: Amin J. Khoury, Chairman and Chief Executive Officer of B/E Aerospace said, “Today we reported a strong start to 2013. Our first quarter 2013 results included record quarterly revenues, bookings, operating earnings, operating margin, net earnings, and EPS. Our revenue growth continues to be driven primarily by the robust new aircraft delivery cycle. Approximately 61 percent of first quarter revenues was driven by demand for products for new-buy aircraft reflecting both robust new aircraft deliveries and continued softness in aftermarket demand.”
Key Stats (on next page)…