10/27/2011 12:19:00 AM
NEWS BRIEFS
B/E Aerospace Fastener Revenue & Profit Rise
B/E Aerospace reported sales in its Consumables Management segment, including fasteners, climbed 23.6% to $238.7 million during the third quarter of 2011, while segment operating earnings rose 17.5% to $47.6 million.
Segment operating margin of 19.9% “reflects the recent acquisitions of Satair and LaSalle, which have lower operating margins than the legacy CMS business,” the company stated.
Organic operating margin, excluding recent acquisitions, for the third quarter of 2011 was rose to 21.2%, up 20 basis points as compared with the prior year period. Organic revenue growth, excluding recent acquisitions, was 9%, and excluding both recent acquisitions and sales to military and business jet customers was 15%.
Nine-month Consumables Management revenue grew 24% to $709.4 million, with operating earnings rising 21.6% to $140.5 million.
“Operating margin of 19.8% decreased 40 basis points as compared with the same period of the prior year, due to the margin drag from recent acquisitions, the company stated.
Organic operating margin, excluding recent acquisitions, was 20.8%, up 60 basis points as compared with the prior year period. Organic revenue growth, excluding recent acquisitions, was 8%, and excluding both recent acquisitions and sales to military and business jet customers, was 15%.
Consolidated nine-month revenue at B/E Aerospace increased 28% to $1.84 billion, while operating earnings climbed 36.2% to $318.9 million. ©2011 GlobalFastenerNews.com
B/E Aerospace reported sales in its Consumables Management segment, including fasteners, climbed 23.6% to $238.7 million during the third quarter of 2011, while segment operating earnings rose 17.5% to $47.6 million.
Segment operating margin of 19.9% “reflects the recent acquisitions of Satair and LaSalle, which have lower operating margins than the legacy CMS business,” the company stated.
Organic operating margin, excluding recent acquisitions, for the third quarter of 2011 was rose to 21.2%, up 20 basis points as compared with the prior year period. Organic revenue growth, excluding recent acquisitions, was 9%, and excluding both recent acquisitions and sales to military and business jet customers was 15%.
Nine-month Consumables Management revenue grew 24% to $709.4 million, with operating earnings rising 21.6% to $140.5 million.
“Operating margin of 19.8% decreased 40 basis points as compared with the same period of the prior year, due to the margin drag from recent acquisitions, the company stated.
Organic operating margin, excluding recent acquisitions, was 20.8%, up 60 basis points as compared with the prior year period. Organic revenue growth, excluding recent acquisitions, was 8%, and excluding both recent acquisitions and sales to military and business jet customers, was 15%.
Consolidated nine-month revenue at B/E Aerospace increased 28% to $1.84 billion, while operating earnings climbed 36.2% to $318.9 million. ©2011 GlobalFastenerNews.com
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