B/E Aerospace Q1 Profit Increases; Lifts 2015 EPS View - Quick Facts

(RTTNews) - B/E Aerospace, Inc. (BEAV), a manufacturer of aircraft cabin interior products, Thursday said first-quarter earnings from continuing operations was $77.6 million or $0.74 per share, compared to $63.2 million or $0.61 per share last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.73 per share for the quarter. Analysts' estimates typically exclude special items.

Operating earnings advanced 10.1% to $125.7 million from $110.1 million in the prior year.

Revenues increased 7 percent to $690.0 million from $644.7 million. Wall Street expected revenues of $701.15 million.

The company now expects full-year 2015 earnings per share to be about $3.03 per share or approximately 21 percent higher than 2014 adjusted earnings per share. Earlier, the company expected earnings of $3.00 per share.

The company expects revenues to be about $2.8 billion reflecting lower than expected revenues from Russian and defense related end markets and negative impact from Euro denominated sales. This represents the lower end of the $2.8 billion to $2.9 billion prior revenue guidance and reflects high single-digit revenue growth as compared with the prior year.

Analysts expect earnings of $3.11 per share on revenue of $2.88 billion.

Further, the company declared a $0.19 per share quarterly dividend.