B/E Aerospace (BEAV) Tops Q3 EPS by 3c; Boosts FY16 Outlook
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B/E Aerospace Third Quarter Results Exceed Expectations; Organic Revenue Growth of 8%; Strong Third Quarter Bookings and Program Awards; Raises 2016 Financial Guidance
October 23, 2016 12:11 PM EDTWELLINGTON, Fla.--(BUSINESS WIRE)-- B/E Aerospace, Inc. (the Company) (NASDAQ: BEAV), the worlds leading manufacturer of aircraft cabin interior products, today announced its third quarter 2016 financial results and raised its full year guidance for 2016.
On a consolidated GAAP basis, third quarter 2016 revenue organic growth was 8 percent, operating earnings increased 76 percent, operating margin was 18.0 percent and net earnings and net earnings per diluted share increased 82 percent and 89 percent, respectively, as compared with the third quarter of 2015.
The Companys prior year third quarter results included after-tax charges totaling $30.5 million, or $0.29 per... More
