The 2020 Mid-Year Economic Update_long

B/E Aerospace Sales Up 5.7% in 2Q

Profit for the first half increased 6.4 percent year-over-year.

B/E Aerospace Inc. (NASDAQ: BEAV), Wellington, FL, reported sales for the second quarter of $700.6 million, a 5.7 percent increase over the same period a year ago. Profit increased 17.1 percent to $78.9 million.

Second-quarter commercial aircraft segment sales were $539.3 million, down slightly from the prior year. Operating earnings of $99.7 million increased 0.5 percent from the prior year period.

Business jet segment sales increased 32.5 percent to $161.3 million, with operating earnings of $27.6 million, an increase of 34 percent.

For the first six months, sales were $1.4 billion, up 6.4 percent year-over-year. First-half profit increased 19.1 percent to $156.5 million.

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