The 2020 Mid-Year Economic Update_long

B/E Aerospace Sales Up 13% in 2013

Profit grew 25 percent from 2012.

B/E Aerospace, Inc. (NASDAQ: BEAV), Wellington, FL, reported full year sales for 2013 of $3.5 billion, an increase of 13 percent from the previous year. Profit increased 25.5% to $365.6 million.

Sales for the fourth quarter were $903.1 million, a 12.4 percent increase over the same period a year ago. Profit increased 20.4 percent to $90.6 million.

“I am pleased to report that our 2013 results were the best in the company’s history, and included record revenues, bookings, backlog, operating earnings, operating margin, net earnings and earnings per share,” said Amin J. Khoury, CEO of B/E Aerospace. "In addition, we are pleased to report that aftermarket demand, which began to pick up in the second quarter of 2013, has continued to reflect solid growth in demand.”

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