7/23/2013 2:33:00 AM
NEWS BRIEF
B/E Aerospace Fastener Orders Mark “Solid Upturn”
B/E Aerospace reported sales in its Consumables management segment — primarily fasteners — rose 9.1% to $312.7 million in the second quarter of 2013, with operating earnings up 10.5% to $61.3 million and segment operating margin of 19.6% expanded 20 basis points.
“Orders at our consumables management segment and in our commercial aircraft spares business marked a solid upturn during the quarter as compared with the prior year period,” stated CEO Amin Khoury.
Consumables management sales during the first six months of 2013 climbed 11.5% to $639.4 million, while operating earnings gained 17.5% to $126.1 million and operating margin of 19.7% expanded 100 basis points.
Overall B/E Aerospace sales increased 11.7% to $1.7 billion, with operating earnings up 16.7% to $312.3 million. ©2013 GlobalFastenerNews.com
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