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In The News:

B/E Aerospace Sales Up in 2Q

B/E Aerospace Inc. (NASDAQ: BEAV), Wellington, FL, reported sales for the second quarter of $1.1 billion, a 28 percent increase over the same period a year ago. Profit increased 18 percent to $108.6 million.

Second-quarter commercial aircraft segment sales increased 25.5 percent to $541.1 million. Operating earnings of $99.2 million increased 24.5 percent from the prior year period.

Consumables management segment sales increased 36.5 percent to $426.7 million. Operating earnings were $78.3 million, an increase of 27.7 percent.

Business jet segment sales increased 14.4 percent to $121.7 million. Operating earnings were $20.6 million, an increase of 16.4 percent.

For the first six months, sales for B/E were $2.1 billion, up 24 percent year-over-year. First-half profit increased 19 percent to $217.6 million.

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