B/E Aerospace Comments on Strong 2007 Fourth Quarter; Record Bookings, Backlog, Revenues and Operating Earnings; Confirms Outloo
January 16 2008 - 1:14PM
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 commented on its fourth
quarter 2007 performance. The company announced that it expects to
report record quarterly bookings, backlog, revenues and operating
earnings for the quarter ended December 31, 2007. The company will
release its fourth quarter and full year 2007 financial results in
early February 2008. �We experienced robust market conditions
during the fourth quarter which have continued to date,� commented
Amin J. Khoury, Chairman and Chief Executive Officer of B/E
Aerospace, Inc. �Accordingly, we are confirming our prior guidance
for 2008.� 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
Aerospace�s actual experience and results may differ materially
from that anticipated in such statements. Factors that might cause
such a difference include those discussed in B/E Aerospace�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 Aerospace�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 Aerospace
designs, develops and manufactures a broad range of products for
both commercial aircraft and business jets. B/E Aerospace
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 Aerospace sells and supports its products
through its own global direct sales and product support
organization. For more information, visit the B/E Aerospace, Inc.
website at www.beaerospace.com.
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