The 2020 Mid-Year Economic Update_long

B/E Aeropsace First-Quarter Sales Up 20.1%

Profit grew 21.2 percent from 2013.

B/E Aerospace, Inc. (NASDAQ: BEAV), Wellington, FL, reported first quarter sales of $1.01 billion, an increase of 20.1 percent compared to the same period a year ago. Profit increased 21.2 percent to $109 million.

First-quarter commercial aircraft segment sales increased 24.6 percent; operating earnings of $93.1 million increased 25.5 percent compared with the prior-year period, and operating margin of 17.8 percent expanded 10 basis points.

Consumables management segment sales increased 12.2 percent; operating earnings of $71 million increased 9.6 percent, and operating margin, adjusted to exclude first quarter acquisition costs was 19.6 percent.

Business jet segment sales increased 26.9 percent while operating earnings of $21.1 million increased 45.5 percent from the prior-year period. Operating margin of 17.4 percent expanded 210 basis points as compared with the prior year period, reflecting an improved mix of revenues and ongoing operational efficiency initiatives. 

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.