Fastener Sales & Income Jump for B/E Aerospace
April 25
00:00
2006
Fastener Sales & Income Jump for B/E Aerospace
B/E Aerospace reported revenue from its distribution segment, including fasteners, gained 25% to a record $53.7 million during the first quarter of 2006, driven by strong aftermarket demand for aerospace fasteners. Distribution operating earnings increased 34% to $11.8 million.
Consolidated first quarter revenues saw a 25.8% jump in organic growth to $247.2 million, while operating earnings soared 56.3% to $31.1 million. B/E Aerospace net income more than tripled to $13.8 million during the quarter. Web: beaerospace.com �2006 FastenerNews.com
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