B/E Aerospace Beats Q2 Estimates on Growing Backlog

B/E Aerospace Inc. said Tuesday Q2 earnings climbed 52% on a 47% revenue jump, beating analyst estimates. It also raised its full-year outlook. EPS after one-time items were $0.39 ($28.4M) up from $0.24 ($18.7) a year ago. Revenue was $398M vs. $271M last year. Analysts were looking for $0.37/share on $390M revenue. Backlog was up 30% to $1.9 billion. B/E Aerospace guided up $0.02 to $1.57 for full-year earnings. Analysts had been looking for $1.59. "Industry experts expect air traffic growth to outpace capacity growth for some time to come. All indications are that the current commercial aircraft new-build delivery cycle both for wide-body and narrow-body aircraft will remain very strong well into the next decade, driven by the escalating need for more fuel-efficient aircraft and the growing importance of emerging countries," CEO Amin Khoury said. "Our long-term visibility arising from current backlog and associated expected follow-on orders, together with a nascent domestic market awakening serve as the foundation for our expectation of continued strong revenue and earnings growth for the next several years."

Sources: Press release, MarketWatch
Commentary: BE Aerospace Stock: Flying High In Comfort • B/E Aerospace Posts Sharp Rise in Q1 Profit; Beats Street; Raises Guidance
Stocks/ETFs to watch: BEAV. Competitors: BA, HON, LMT. ETFs: ITA, PPA

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