B/E Aerospace Q3 Profit Increases; Lifts 2014 Adj. EPS View - Quick Facts

(RTTNews) - B/E Aerospace, Inc. (BEAV), a manufacturer of aircraft cabin interior products and the world's leading provider of aerospace fasteners, consumables and logistics services, reported that its net earnings for the third quarter 2014 rose to $102.2 million from the previous year's $92.7 million, with earnings per share improving to $0.98 from $0.89 in the prior year.

Adjusted net earnings per share grew to $1.45 from $0.90 last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $1.14 per share for the quarter. Analysts' estimates typically exclude special items. Revenues for the quarter grew to $1.102 billion from $888.1 million last year. Wall Street expected revenues of $1.11 billion.

The company raised its 2014 guidance by $0.10 per share, and now expects 2014 adjusted earnings per share of approximately $4.45 per 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 percent as compared to 2013 earnings per share similarly adjusted. Analysts project annual earnings per share of $4.46.