Last €63.31 EUR
Change Today -0.78 / -1.21%
Volume 0.0
As of 3:00 AM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

b/e aerospace inc (BE1) Snapshot

Open
€63.69
Previous Close
€64.09
Day High
€63.75
Day Low
€63.31
52 Week High
06/10/14 - €74.01
52 Week Low
08/29/13 - €50.14
Market Cap
6.7B
Average Volume 10 Days
35.2
EPS TTM
--
Shares Outstanding
105.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for B/E AEROSPACE INC (BE1)

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b/e aerospace inc (BE1) Details

B/E Aerospace, Inc. designs, manufactures, sells, and services cabin interior products for commercial aircraft and business jets in the United States and internationally. Its Commercial Aircraft segment offers first class, business class, tourist class, and regional aircraft seats, as well as spares; oxygen storage, distribution, and delivery systems for commercial and business jet aircraft; coffee makers/water boilers, ovens, and refrigeration equipment; and modular lavatory, wastewater, and galley systems. This segment also provides engineering, design, integration, installation, and certification services for commercial aircraft passenger cabin interiors; services to design, manage, integrate, test, and certify reconfigurations and modifications for commercial aircraft, as well as to manufacture engineering kits and interface components; and interior reconfiguration services. The company’s Consumables Management segment offers inventory management and replenishment, special packaging and bar-coding, sophisticated parts kitting, quality assurance testing, and purchasing assistance services, as well as 3PL and 4PL supply chain programs; and distributes aerospace fasteners and other consumables. Its Business Jet segment provides jet seating and sofa products, including electric fully berthing lie-flat seats, direct and indirect lighting, air valves, and oxygen delivery systems, as well as sidewalls, bulkheads, credenzas, closets, galley structures, lavatories, wastewater systems, and table; and super first class cabin interior products for commercial wide-body aircraft. The company also offers thermal and power management solutions; and logistics related services, including oilfield rental equipment and services. It serves commercial and business jet aircraft operators, aircraft manufacturers, and their suppliers. The company was founded in 1987 and is headquartered in Wellington, Florida.

Founded in 1987

b/e aerospace inc (BE1) Top Compensated Officers

Co-Founder, Executive Chairman and Chief Exec...
Total Annual Compensation: $1.3M
Co-Chief Executive Officer and President
Total Annual Compensation: $666.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $600.4K
Chief Compliance Officer, Vice President of L...
Total Annual Compensation: $482.4K
Vice President and General Manager of Commerc...
Total Annual Compensation: $433.9K
Compensation as of Fiscal Year 2013.

b/e aerospace inc (BE1) Key Developments

B/E Aerospace Inc. Unveils Split of Operations

B/E Aerospace Inc. announced that it has started a process to separate activities into an aircraft cabin interior products manufacturing company and a distribution and value-added service business, both of which will be listed.

B/E Aerospace Inc. Presents at Jefferies 2014 Global Industrials Conference, Aug-12-2014 11:30 AM

B/E Aerospace Inc. Presents at Jefferies 2014 Global Industrials Conference, Aug-12-2014 11:30 AM. Venue: Grand Hyatt, 109 E. 42nd St., New York, New York, United States.

B/E Aerospace Inc. Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2014; Revised Earnings Guidance for the Year of 2014; Provides Earnings Guidance for the Second Half of 2014

B/E Aerospace Inc. announced unaudited consolidated financial results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of $1,089.5 million against $850.3 million a year ago. Operating earnings was $185.3 million against $158.7 million a year ago. Earnings before income taxes was $153.6 million against $128.2 million a year ago. Net earnings was $108.6 million or $1.04 per diluted share against $92.4 million or $0.89 per diluted share a year ago. Adjusted net earnings was $117.6 million or $1.13 per diluted share against $92.4 million or $0.89 per diluted share a year ago. Adjusted earnings before income tax was $166.4 million against $128.2 million a year ago. Adjusted operating earnings was $198.1 million against $158.7 million a year ago. Cash flow from operations in the second quarter of 2014 of $11.4 million reflected a 28.1% increase in revenues and a corresponding 17.3% increase in working capital as compared with the prior year period, exclusive of cash and the impact of acquisitions. Capital expenditures to support recent acquisitions as well as long-term customer programs were $66.5 million. For the six months, the company reported revenue of $2,100.7 million against $1,692.5 million a year ago. Operating earnings was $368.3 million against $312.3 million a year ago. Earnings before income taxes was $306 million against $251.2 million a year ago. Net earnings was $217.6 million or $2.08 per diluted share against $182.3 million or $1.76 per diluted share a year ago. Net cash flows provided by operating activities was $67.7 million against $129.4 million a year ago. Capital expenditures was $122.7 million against $67.8 million a year ago. Adjusted net earnings was $228.3 million or $2.19 per diluted share against $182.3 million or $1.76 per diluted share a year ago. Adjusted earnings before income tax was $321 million against $251.2 million a year ago. Adjusted operating earnings was $383.3 million against $312.3 million a year ago. Net debt, which represents total long-term debt of $2.6 billion less cash, was $2.4 billion. Second half 2014 revenues are expected to grow in excess of 20% as compared with the second half of 2013. The company expects substantially stronger free cash flow in the second half of 2014. The Company expects continued strong bookings in 2014 driven by the company's record backlog, the robust wide-body aircraft delivery outlook, bookings from prior SFE awarded programs, and a continuing improvement in aftermarket demand. 2014 revenues are expected to be approximately $4.3 billion. The company raised guidance on March 31, 2014 and again on June 10, 2014, and now expects 2014 earnings per share of approximately $4.35 per diluted share, exclusive of 2014 acquisition and strategic review related costs, representing an increase of approximately 23% as compared to 2013 earnings per diluted share, similarly adjusted to exclude 2013 acquisition expenses. 2014 free cash flow conversion ratio is expected to be approximately 60% of net earnings reflecting a higher level of capital expenditures to support capital expenditure requirements of the acquired businesses.

 

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