KLX Inc. – the former Consumables Management segment of B/E Aerospace – reported Aerospace Solutions Group (“ASG”) revenues, primarily from fasteners, increased 13.7% to $348.8 million in the third quarter of 2016, with segment operating income up 18.2% to $56.5 million.

“Organic revenue growth from our commercial aerospace manufacturing and aftermarket customers were up 5.8% and 4.2%, respectively, partially offset by a decline in sales to military manufacturing customers,” stated CEO Amin Khoury.

Consolidated Q3 revenues rose 6.6% to $389 million, with operating earnings of $38.6 million and net earnings of $19.8 million.

During the first nine months of 2016, ASG segment revenue, including fasteners, gained 3.2% to $1.04 billion, with operating income rising 4.3% to $174.9 million. Web: klx.com