B/E Aerospace, Inc. to Host Analysts Meeting; Raises Financial Guidance for 2007
March 14 2007 - 2:36PM
Business Wire
B/E Aerospace, Inc. (Nasdaq:BEAV), the world�s leading manufacturer
of aircraft cabin interior products and a leading aftermarket
distributor of aerospace fasteners, today announced that it will
host an analysts meeting at its Distribution Segment headquarters
in Miami, FL on March 23, 2007. Separately, the company announced
that it is raising its full year 2007 financial guidance to
approximately $1.45 to $1.47 per diluted share. Mr. Amin J. Khoury,
Chairman and Chief Executive Officer of B/E Aerospace, Inc.,
commented, �The first quarter of 2007 is tracking well ahead of
both our internal plan and consensus estimates, and is being driven
by outperformance in all five of our segments. We expect to report
record quarterly revenues, earnings and backlog during the first
quarter, and we expect first quarter earnings per share to be above
consensus forecast. As a result, we are raising full year 2007
financial guidance by approximately $0.05 per share.� Mr. Khoury
continued, �Most major airlines are either in the process of, or
are making plans to upgrade the cabin interiors of their fleets of
twin-aisle aircraft. Order activity in the first quarter continues
to be very strong. The recent announcement of $250 million of
awards by two major international airlines for both interior
retrofit programs and interior programs for their new buy aircraft
is indicative of this strength. These recent awards and the
continued strong order environment serve as a solid foundation for
our expectations of continued backlog growth during 2007, enhance
our revenue visibility into 2010, and bolster our outlook for
continued strong revenue growth and margin expansion for the next
few years,� concluded Mr. Khoury. This news release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. Such forward-looking statements involve risks and
uncertainties. B/E�s actual experience may differ materially from
that anticipated in such statements. Factors that might cause such
a difference include those discussed in B/E�s filings with the
Securities and Exchange Commission, including but not limited to
its most recent proxy statement, Form 10-K and Form 10-Q. For more
information, see the section entitled �Forward-Looking Statements�
contained in B/E�s Form 10-K and in other filings. The
forward-looking statements included in this news release are made
only as of the date of this news release and, except as required by
federal securities laws, we do not have any obligation to publicly
update or revise any forward-looking statements to reflect
subsequent events or circumstances. About B/E Aerospace, Inc. B/E
Aerospace, Inc. is the world's leading manufacturer of aircraft
cabin interior products, and a leading aftermarket distributor of
aerospace fasteners. B/E designs, develops and manufactures a broad
range of products for both commercial aircraft and business jets.
B/E manufactured products include aircraft cabin seating, lighting,
oxygen, and food and beverage preparation and storage equipment.
The company also provides cabin interior design, reconfiguration
and passenger-to-freighter conversion services. Products for the
existing aircraft fleet -- the aftermarket -- generate about 60
percent of sales. B/E sells and supports its products through its
own global direct sales and product support organization. For more
information, visit B/E�s website at www.beaerospace.com.
B/E Aerospace, Inc. (NASDAQ:BEAV)
Historical Stock Chart
From May 2024 to Jun 2024
B/E Aerospace, Inc. (NASDAQ:BEAV)
Historical Stock Chart
From Jun 2023 to Jun 2024