Last $77.67 USD
Change Today -0.39 / -0.50%
Volume 2.1M
BEAV On Other Exchanges
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As of 8:10 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

b/e aerospace inc (BEAV) Key Developments

B/E Aerospace Inc. Appoints James F. Albaugh to its Board of Directors, Effective as of November 14, 2014

B/E Aerospace announced the appointment of James F. Albaugh to its Board of Directors effective as of November 14, 2014. Mr. Albaugh has been a Senior Advisor to The Blackstone Group since December 2012. Prior to that, he was president and chief executive officer of Boeing's Commercial Airplanes business unit and a member of Boeing's Executive Council from September 2009 through June 2012.

B/E Aerospace Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Revises Earnings Guidance for the Year 2014; Provides Cash Flow Guidance for the Fourth Quarter of 2014

B/E Aerospace Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company has posted revenue of $1,102.4 million against $888.1 million a year ago. Operating earnings was $148.5 million against $160.1 million a year ago. Earnings before income tax were $114.3 million against $129.6 million a year ago. Net earnings were $102.2 million or $0.98 per basic and diluted share against $92.7 million or $0.89 per diluted share a year ago. Adjusted net earnings were $151.6 million or $1.45 per diluted share compared to $93.9 million or $0.90 per diluted share a year ago. Adjusted operating earnings were $203.8 million against $161.8 million a year ago. Free cash flow was $64.1 million. Net cash provided by operating activities was $135.8 million. Capital expenditure was $60.3 million and free cash flow was $75.5 million. For the nine months, the company has posted revenue of $3,203.1 million against $2,580.6 million a year ago. Operating earnings was $516.8 million against $472.4 million a year ago. Earnings before income tax were $420.3 million against $380.8 million a year ago. Net earnings were $319.8 million or $3.06 per diluted share against $275 million or $2.65 per diluted share a year ago. Net cash provided by operating activities was $203.5 million against $239.4 million a year ago. Capital expenditure was $183 million against $113.7 million a year ago. Adjusted net earnings were $373.3 million or $3.57 per diluted share compared to $276.2 million or $2.66 per diluted share a year ago. Adjusted operating earnings were $587.1 million against $474.1 million a year ago. As of September 30, 2014, net debt, which represents total long term debt was $2.6 billion less cash, was $2.3 billion. The company is raising its 2014 guidance by $0.10 per share, and now expects 2014 adjusted earnings per share of approximately $4.45 per diluted share, exclusive of total 2014 costs associated with debt redemption, professional fees, business repositioning, separation, acquisition, strategic review, and international tax initiatives, representing an increase of approximately 25% as compared to 2013 earnings per diluted share similarly adjusted. 2014 free cash flow conversion ratio is expected to be approximately 60% of adjusted net earnings. The company estimated tax rate for 2014 of about 28%. The company expects strong free cash flow in the fourth quarter of 2014.

B/E Aerospace Inc. to Report Q3, 2014 Results on Oct 22, 2014

B/E Aerospace Inc. announced that they will report Q3, 2014 results at 8:00 AM, US Eastern Standard Time on Oct 22, 2014

B/E Aerospace Inc., Q3 2014 Earnings Call, Oct 22, 2014

B/E Aerospace Inc., Q3 2014 Earnings Call, Oct 22, 2014

B/E Aerospace Inc. Appoints Joseph T. Lower as Vice President and Chief Financial Officer

B/E Aerospace Inc. announced the appointments of Joseph T. Lower as Vice President and Chief Financial Officer of the company. Mr. Lower will initially join B/E Aerospace as Vice President, Finance and be appointed Vice President and Chief Financial Officer upon the effectiveness of the separation of KLX Inc. from B/E Aerospace Inc. Mr. Lower most recently was Vice President of Business Development and Strategy for The Boeing Company, where he spent the last twelve years. He worked closely with Boeing's senior executive team and Boeing's business units to assess, define and enable differentiated growth strategies. He was also a member of the International and Finance leadership teams. Prior to joining Boeing in 2002, among other finance positions, Mr. Lower spent 6 years with Credit Suisse in various investment banking roles including positions in Mergers and Acquisitions, and Corporate Finance. Transactions completed included mergers, acquisitions, divestitures, public equity offerings, and high yield debt financings.

 

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Valuation BEAV Industry Range
Price/Earnings 19.8x
Price/Sales 2.0x
Price/Book 2.8x
Price/Cash Flow 20.0x
TEV/Sales 1.3x
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