B/E Aerospace (BEAV) Reports In-Line Q4 EPS

B/E Aerospace (NASDAQ: BEAV) reported Q4 EPS of $0.81, in-line with the analyst estimate of $0.81. Revenue for the quarter came in at $659.2 million versus the consensus estimate of $709.11 million.

Bookings during the fourth quarter of 2015 were approximately $690 million and the book-to-bill ratio was approximately 1.05 to 1. Record bookings for full year 2015 were approximately $3.0 billion, an increase of approximately 10 percent as compared to the prior year, representing a book-to-bill ratio of approximately 1.1 to 1.

Backlog as of December 31, 2015 was approximately $3.2 billion, while awarded but unbooked backlog was approximately $5.6 billion which includes the super first class award which was announced during the fourth quarter as well as the recent supplier furnished equipment awards. This represents an increase of approximately $600 million, as compared with the end of the third quarter 2015, and brings total backlog, both booked and awarded but unbooked, to approximately $8.8 billion.

For earnings history and earnings-related data on B/E Aerospace (BEAV) click here.

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