B/E Fastener Sales Rise
B/E Fastener Sales Rise
Jason Sandefur
An increased demand for aftermarket aircraft fasteners helped the distribution segment of B/E Aerospace post a 32% rise in sales to $33.8 million during the first quarter of 2004. Operating earnings for the segment gained 47% to $6.3 million.
Overall sales improved 13% to $175 million, while net income narrowed to a loss of $7.6 million.
�We are very pleased with the ongoing financial and operational turnaround, which is currently underway at our commercial aircraft segment, and the recent strong sales and profit growth at our distribution segment,� CEO Robert Khoury stated.
Khoury predicted that distribution would see double-digit sales & earnings growth for the rest of the year. Web: beaerospace.com �2004 FastenerNews.com
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