Fasteners Boost Earnings at B/E Aerospace
July 26
00:00
2006
Fasteners Boost Earnings at B/E Aerospace
Jason Sandefur
Brisk aftermarket demand for aerospace fasteners helped B/E Aerospace report Distribution revenue rose 22.2% to a record $55 million during the second quarter of 2006, while operating earnings climbed 31.1% to $11.8 million, a record amount.
Overall Q2 revenue improved 31% to a record $271.5 million, with net earnings more than doubling to $18.7 million.
Consolidated sales soared 28.4% to $518.7 million during the first half of 2006, while profit jumped 160% to $32.5 million. Web: beaerospace.com �2006 FastenerNews.com
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