B/E Aerospace Receives Antitrust Clearances for HCS Acquisition; Comments on Record 2008 Second Quarter Financial Results; Sched
July 16 2008 - 6:00AM
Business Wire
B/E Aerospace, Inc. (Nasdaq:BEAV), the world's leading manufacturer
of aircraft cabin interior products and the leading aftermarket
distributor of aerospace fasteners, today announced that it has
received regulatory approval for its acquisition of Honeywell�s
Consumables Solutions distribution business (HCS) and that it
expects to close the transaction before the end of the third
quarter. The company expects to report record second quarter
earnings per diluted share in excess of consensus estimates. In
addition, the company announced that it expects to report record
quarterly bookings, backlog, revenues, operating earnings and net
income. The company will release its financial results for the
quarter ended June 30, 2008 prior to the opening of the NASDAQ
Stock Market on Tuesday, July 29, 2008, and will hold a conference
call to discuss the results at 9:00 a.m. Eastern time on Tuesday,
July 29, 2008. To listen live and view the slide presentation via
the Internet, visit the Investors section of the B/E Aerospace,
Inc. website at www.beaerospace.com and follow the link to
"Webcasts�. 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 include, but are not limited to, B/E
Aerospace�s financial guidance and industry expectations for the
next several years. Such forward-looking statements involve risks
and uncertainties. B/E Aerospace�s actual experience and results
may differ materially from the experience and results anticipated
in such statements. Factors that might cause such a difference
include changes in market and industry conditions and those
discussed in B/E Aerospace�s filings with the Securities and
Exchange Commission, which include its Proxy Statement, Annual
Report on Form 10-K, Quarterly Reports on Form 10-Q and Current
Reports on Form 8-K. For more information, see the section entitled
�Forward-Looking Statements� contained in B/E Aerospace�s Annual
Report on 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 intend 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 the 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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