B/E Aerospace Fastener Sales Grow

Jason Sandefur

Increased aftermarket demand for aerospace fasteners delivered a 21% increase in revenue growth to $45 million for the distribution segment of B/E Aerospace during the second quarter of 2005. Q2 operating earnings for distribution rose 28.6% to $9 million.
For the first six months of 2005 distribution operating earnings climbed 345 to $17.8 million on a 24% sales gain.
Overall Q2 sales increased 12% to $207.6 million, while operating earnings rose 35% to $24.1 million. First half sales grew 12.1% to $404.1 million, with operating income jumping 44% to $44 million. Web: beaerospace.com �2005 FastenerNews.com