B/E Aerospace Q3 Profit Rises - Quick Facts

(RTTNews) - B/E Aerospace, Inc.(BEAV), Wednesday reported a higher third-quarter net income, on increase in revenues as well as absence of debt prepayment costs it incurred last year. The company further provided full-year 2014 guidance.

For the three-month period, the company reported net earnings of $92.7 million or $0.89 per share, compared with $18.5 million or $0.18 per share last year. The last-year results had included debt prepayment costs of $82.1 million.

On average, nineteen analysts polled by Thomson Reuters expected the company to report earnings per share of $0.88 for the quarter. Analysts' estimates typically exclude one-time items.

Revenues increased 16 percent to $888.1 million, from prior year's $766.7 million. Analysts expected the company to generate revenues of $854.22 million for the quarter.

Looking forward, the company said its earnings guidance expectation of $3.50 per share on a reported basis, and $3.52 per share on adjusted basis, represents an increase of about 24 percent compared with 2012. The Street expects the company to report earnings of $3.56 per share, on revenues of $3.43 billion.

For 2014, the company expects revenues to be about $4 billion, a 15 percent increase from 2013 revenues. Earnings per share for 2014 are expected to about $4.25, an increase from expected 2013 earnings per share. Analysts expect the company to report earnings of $4.20 per share, on revenues of $3.70 billion.