BEAV BE Aerospace Inc. featured news, full reports, and detailed charts
BE Aerospace Inc. (BEAV) Wrap Up:
BE Aerospace, Inc. manufactures and markets cabin interior products for commercial aircraft and business jets worldwide. Its Seating segment offers first class, business class, tourist class, and regional aircraft seat products, including seat frames, cushions, armrests, and tray tables; and optional features, such as adjustable lumbar supports, footrests, reading lights, head/neck supports, and oxygen masks. The company’s Interior Systems segment provides coffee and beverage makers, water boilers, ovens, liquid containers, refrigeration equipment, oxygen delivery systems, and other interior components. Its Distribution segment distributes aerospace grade fasteners; and provides inventory ma...BE Aerospace Inc. (BEAV:NASDAQ)
Snapshot of BE Aerospace Inc. (BEAV)
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OPEN
$19.72
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PREVIOUS CLOSE
$19.93
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DAY HIGH
$20.00
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DAY LOW
$19.52
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52 WEEK HIGH
10/12/09 - $21.36
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52 WEEK LOW
11/21/08 - $5.37
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MARKET CAP
2.0B
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AVERAGE VOLUME 3 mo
633.2K
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DILUTED EPS TTM
$-1.49
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SHARES OUTSTANDING
101.1M
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BEAV Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
related news
BEAV Top Compensated Officers
Executives, Board Directors
Key developments for BE Aerospace Inc. (BEAV)
BE Aerospace Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net sales of $459.8 million compared to $587.8 million for the same period a year ago. Operating earnings of $69.6 million compared to $101.3 million for the same period a year ago. Earnings before income taxes of $46.9 million compared to $77.9 million for the same period a year ago. Net earnings of $36.1 million compared to $51.8 million for the same period a year ago. Net earnings per diluted common share of $0.36 million compared to $0.54 million for the same period a year ago. For the nine months, the company reported net sales of $1,458.3 million compared to $1,583.2 million for the same period a year ago. Operating earnings of $224.2 million compared to $263.0 million for the same period a year ago. Earnings before income taxes of $156.5 million compared to $234.5 million for the same period a year ago. Net earnings of $108.7 million compared to $154.2 million for the same period a year ago. Net earnings per diluted common share of $1.10 million compared to $1.65 million for the same period a year ago. Net cash provided by operating activities of $22.5 million compared to $46.0 million for the same period a year ago. Capital expenditure of $21.8 million compared to $20.7 million for the same period a year ago. The company provided earnings guidance for the full year of 2010. For the period, the company expects revenues are to be approximately $1.85 billion, reflecting a lower level of commercial aircraft and business jet deliveries in 2010. Net earnings per diluted share are expected to be flat at approximately $1.40 per diluted share, including AIT costs of approximately $0.03 per diluted share, due to improved margins on the approximately 5% lower revenue level. The company expects to generate positive free cash flow in excess of $140 million for 2010 reflecting a free cash flow conversion rate in excess of 100%. The company expects a substantial increase in both revenues and earnings in 2011. The company announced that the 2009 fourth quarter revenues and operating earnings are expected to be approximately equal to that of the 2009 third quarter.
BE Aerospace Inc. expected to Report Fiscal Year 2009 Results on February 1, 2010. This event was calculated by Capital IQ (Created on October 27, 2009).
BE Aerospace Inc. provided earnings guidance for the fourth quarter of 2009. For the quarter, the company's earnings per diluted share are expected to be lower than 2009 third quarter EPS due to a higher fourth quarter tax rate and a debt prepayment charge of about $0.02 per diluted share related to planned $100 million prepayment of long term debt in the fourth quarter. As a result, fourth quarter EPS, included the debt prepayment charge of $0.02 per share, is expected to be about $0.31 per share. The company provided capex guidance for the full year 2010. For the year, the company expects capex should be right around $50 million.
BEAV Competitors
| Company | Last | Change |
| BAE Systems | 329.00 GBX | +1.00 |
| Goodrich Corp | $60.85 USD | +0.43 |
| Jamco Corporation | ¥445.00 JPY | -30.00 |
| Zodiac | €22.91 EUR | +0.49 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | BEAV | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 1.0x |
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| Price/Book | 1.4x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 0.4x |
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BEAV |
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BEAV transactions
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| No transactions in the last 6 months. | ||
More Recent News About BE Aerospace Inc.
More news for BEAV
BE Aerospace, Inc. Q3 2009 Earnings Call Transcript
BE Aerospace, Inc. (BEAV) Q3 2009 Earnings Call Transcript October 27, 2009 9:00 am ET Executives Greg Powell – VP, IR Amin Khoury – Chairman and CEO Mike Baughan – President and COO Tom McCaffrey – SVP and CFO Analysts Robert Spingarn – Credit Suisse Myles Walton – Oppenheimer Howard Rubel – Jefferies Eric Hugel – Stephens Lucy Gao – Macquarie Capital Presentation Operator Good morning. My name is Jessica Morgan, and I'll be your conference facilitator today. At this time, I'd like to welcome everyone to the B/E Aerospace third quarter 2009 earnings conference call. All audience lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer period. (Operator instructions) As a reminder, ladies and gentlemen, this conference is being recorded, this day, October 27th, 2009. Thank you. I would now like to introduce B/E Aerospace's Vice President of Investor Relations, Greg Powell. Mr. Powell, you may begin your conference. Greg Powell Thank you, Jessica. Good morning to everyone, and thank you for joining us this morning. We are here to discuss our financial results for the third quarter ended September 30th, 2009. By now, you should have received a copy of the news release we issued earlier this morning. If you haven't received it, you'll find a copy on our Web site. We will begin this morning with remarks from Amin Khoury, Founder, Chairman, and Chief Executive Officer of B/E Aerospace. And then we will take your questions. For today's call, we prepared a few slides to help you follow our discussion. You can find our presentation on the Investor Relations page...Click here to read the whole Article (external link)
When Mutual Funds Get Strange
Next year Swiss investment boutique Naissance Capital plans to launch the Women's Leadership Fund, a mutual fund that owns shares in companies led by women. Is this a legitimate investing technique or just a gimmick? Unfortunately, in the world of mutual funds where more than 8,000 funds try to set themselves apart from the herd, gimmicks abound. Not everyone can beat the market.The fund is open-ended and seeks to outperform the MSCI World Total Net Return index. The minimum investment is $100,000 and there's an annual management fee of 1.5%. Twenty percent of the fees from the fund will go toward helping underprivileged women--certainly a worthy cause but immaterial to the question of whether or not the fund is a good investment.This isn't the only kind of specialty or socially responsible fund; there are other mutual funds that focus on the environment, company management and even cater to certain religious beliefs. Calvert Investments offers socially responsible ways of investing which it calls sustainable and responsible investing. According to Calvert's Web site, "SRI was first formally practiced by religious investors who, nearly 100 years ago, avoided companies involved in tobacco, alcohol and gambling." Calvert's sustainable and responsible investing evolved into focusing on shareholder advocacy and company ownership and finding companies that can meet societal needs profitably and are not publicly traded. Follow Intelligent Investing on Twitter. Sign Up For The Daily Intelligent Investing Newsletter. The Calvert World Values International fund is up 17.86% year-to-date and 11.33% for the past five years. Its top holdings include Sanofi-Aventis ( ...Click here to read the whole Article (external link)
BE AEROSPACE INC Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue459,800 474,800 523,700 526,800 Cost of Revenue297,700 309,500 347,000 345,600 Gross Profit162,100 165,300 176,700 181,200 Operating ExpensesResearch Development27,300 23,300 24,000 28,700 Selling General and Administrative65,200 68,100 72,000 61,700 Non Recurring - - - 390,000 Others - - - - Total Operating Expenses - - - - Operating Income or Loss69,600 73,900 80,700 (299,200)Income from Continuing OperationsTotal Other Income/Expenses Net - - - - Earnings Before Interest And Taxes1,900 73,900 80,700 (299,200)Interest Expense(45,000)22,500 22,500 23,100 Income Before Tax46,900 51,400 58,200 (322,300)Income Tax Expense10,800 16,700 20,300 (68,700)Minority Interest - - - - Net Income From Continuing Ops36,100 34,700 37,900 (253,600)Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - &nbs...Click here to read the whole Article (external link)
Staggering Productivity Means Banner Profits
With the consensus fixated on the employment figures and many commentators still thinking the economy fragile and ready to roll back over, the lead indicators point to sustained economic expansion with record profits on the way for American industrial exporters. Among the many manufacturing innovators leading today's economic resurgence is civil aviation, what might be termed the Boeing ( BA - news - people ) food chain, also including highly efficient producers of business jets and helicopters. This includes Spirit Aerosystems ( SPR - news - people ), Precision Castparts ( PCP - news - people ), BE Aerospace ( BEAV...Click here to read the whole Article (external link)
BE AEROSPACE INC Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (In Millions, Except Per Share Data) OVERVIEW The following discussion and analysis addresses the results of our operations for the three and nine months ended September 30, 2009, as compared to our results of operations for the three and nine months ended September 30, 2008. In addition, the discussion and analysis addresses our liquidity, financial condition and other matters for these periods. Based on our experience in the industry, we believe that we are the world's largest manufacturer of cabin interior products for commercial aircraft and for business jets, and the leading aftermarket distributor of aerospace fasteners and other consumable products. We sell our manufactured products directly to virtually all of the world's major airlines and airframe manufacturers and a wide variety of business jet customers. In addition, based on our experience, we believe that we have achieved leading global market positions in each of our major product categories, which include: • a broad line of aerospace fasteners, covering over 275,000 stock keeping units (SKUs) serving the commercial aircraft, business jet and military and defense industries; • commercial aircraft seats, including an extensive line of super first class, first class, business class, tourist class and regional aircraft seats; • a full line of aircraft food and beverage preparation and storage equipment, including coffeemakers, water boilers, beverage containers, refrigerators, freezers, chillers and microwave, high heat, convection and steam ovens; • both chemical and gaseous aircraft oxygen delivery, distribution and storage systems, protective breathing equipment and lighting products; and • business jet and general aviation interior products, including an extensive line of executive aircraft seats, direct and indirect overhead lighting systems, oxygen deliver...Click here to read the whole Article (external link)