Last $59.10 USD
Change Today +0.70 / 1.20%
Volume 3.1M
BEAV On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

b/e aerospace inc (BEAV) Snapshot

Open
$57.41
Previous Close
$58.40
Day High
$59.22
Day Low
$57.27
52 Week High
05/8/14 - $73.21
52 Week Low
10/15/14 - $50.08
Market Cap
6.2B
Average Volume 10 Days
1.8M
EPS TTM
$4.57
Shares Outstanding
105.3M
EX-Date
--
P/E TM
12.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for B/E AEROSPACE INC (BEAV)

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b/e aerospace inc (BEAV) 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.

10,285 Employees
Last Reported Date: 02/24/14
Founded in 1987

b/e aerospace inc (BEAV) 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 (BEAV) Key Developments

B/E Aerospace Announces Receipt of Requisite Consents for of Its Outstanding 6.875% Senior Notes Due 2020 and 5.25% Senior Notes Due 2022 and Related Consent Solicitations

B/E Aerospace Inc. announced that, in connection with its cash tender offers (the ‘Tender Offers’) for any and all of its 6.875% Senior Notes due 2020 (the ‘2020 Notes’) and 5.25% Senior Notes due 2022 (the ‘2022 Notes’ and together with the 2020 Notes, the ‘Notes’) and related consent solicitations (the ‘Consent Solicitations’ and, together with the Tender Offers, the ‘Offers’), it has received the requisite consents for certain proposed amendments to the indentures governing the Notes (the ‘Indentures’). The terms and conditions of the Offers are described in the Offer to Purchase and Consent Solicitation Statement, dated November 28, 2014 (the ‘Statement’) and the related Consent and Letter of Transmittal, which has been sent to holders of Notes. As of 5:00 p.m. New York City time on December 11, 2014 (the ‘Consent Expiration’), $526,372,000 aggregate principal amount of 2020 Notes, representing 80.98% of the outstanding 2020 Notes, and $1,269,120,000 aggregate principal amount of 2022 Notes, representing 97.62% of the outstanding 2022 Notes, had been validly tendered and not withdrawn. As a result, the requisite number of consents have been received with respect to each of the Consent Solicitations. Accordingly, on December 15, 2014, the company and Wilmington Trust company, the trustee (the ‘Trustee’) under the Indentures, entered into supplemental indentures (the ‘Supplemental Indentures’), which amend the Indentures to, among other things, eliminate most of the restrictive covenants and certain events of default applicable to the Notes and shorten the notice period required for an optional redemption. The company accepted for purchase and purchased all Notes that had been validly tendered and not withdrawn as of the Consent Expiration. The consideration paid for each Note validly tendered and not validly withdrawn on or prior to the Consent Expiration is $1,083.35 per $1,000 principal amount of 2020 Notes and $1,120.96 per $1,000 principal amount of 2022 Notes, which includes, for each series, a consent payment of $30 per $1,000 principal amount of Notes (the ‘Consent Payment’). The Tender Offers are scheduled to expire at 11:59 p.m. New York City time on December 26, 2014 unless extended or earlier terminated by the company in its sole discretion (the 'Expiration Time'). The consideration to be paid for each Note validly tendered and not validly withdrawn after the Consent Expiration but on or prior to the Expiration Time, is $1,053.35 per $1,000 principal amount of 2020 Notes and $1,090.96 per $1,000 principal amount of 2022 Notes, which exclude the Consent Payment. A holder’s right to validly withdraw tendered Notes expired on the Consent Expiration. In addition to the applicable consideration, holders who validly tender and do not validly withdraw their Notes will also receive accrued and unpaid interest on the Notes from the last interest payment date up to, but not including, the applicable settlement date. In accordance with the terms of the Indentures and the Supplemental Indentures, the company has also given notice to the Trustee of its intention to redeem the remaining outstanding Notes following the Expiration Time at the redemption price of 100% of the aggregate principal amount of the Notes to be redeemed, plus a make-whole premium, and accrued and unpaid interest up to, but not including, the redemption date. The redemption date is expected to be December 29, 2014.

B/E Aerospace Seeks Acquisitions

B/E Aerospace Inc. (NasdaqGS:BEAV) will selectively pursue compelling organic acquisition opportunities said in its earning calls.

B/E Aerospace, Inc. Announces Commencement of Cash Tender Offers for Any and All of its 6.875% Senior Notes Due 2020 and 5.25% Senior Notes Due 2022

B/E Aerospace Inc. announced that it has commenced cash tender offers for any and all of its 6.875% Senior Notes due 2020 and 5.25% Senior Notes due 2022. In connection with the Tender Offers, the Company is soliciting consents from the holders of the Notes for certain proposed amendments to the indentures governing the 2020 Notes and the 2022 Notes that, among other things, would eliminate most of the restrictive covenants and certain default provisions applicable to the Notes. Holders who tender their Notes will automatically be deemed to consent to the proposed amendments and holders may not deliver consents to the proposed amendments without tendering their Notes in the Tender Offers. The Offers are scheduled to expire at 11:59 p.m. on December 26, 2014, unless either Offer is extended or terminated.

 

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Industry Analysis

BEAV

Industry Average

Valuation BEAV Industry Range
Price/Earnings 14.8x
Price/Sales 1.5x
Price/Book 2.1x
Price/Cash Flow 15.0x
TEV/Sales 0.8x
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