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B/E Aerospace, Inc. (Nasdaq:BEAV), the world's leading
manufacturer of aircraft cabin interior products and a leading
aftermarket distributor of aerospace fasteners, today announced that
it will host an analysts meeting at its Distribution Segment
headquarters in Miami, FL on March 23, 2007.
Separately, the company announced that it is raising its full year
2007 financial guidance to approximately $1.45 to $1.47 per diluted
share.
Mr. Amin J. Khoury, Chairman and Chief Executive Officer of B/E
Aerospace, Inc., commented, "The first quarter of 2007 is tracking
well ahead of both our internal plan and consensus estimates, and is
being driven by outperformance in all five of our segments. We expect
to report record quarterly revenues, earnings and backlog during the
first quarter, and we expect first quarter earnings per share to be
above consensus forecast. As a result, we are raising full year 2007
financial guidance by approximately $0.05 per share."
Mr. Khoury continued, "Most major airlines are either in the
process of, or are making plans to upgrade the cabin interiors of
their fleets of twin-aisle aircraft. Order activity in the first
quarter continues to be very strong. The recent announcement of $250
million of awards by two major international airlines for both
interior retrofit programs and interior programs for their new buy
aircraft is indicative of this strength. These recent awards and the
continued strong order environment serve as a solid foundation for our
expectations of continued backlog growth during 2007, enhance our
revenue visibility into 2010, and bolster our outlook for continued
strong revenue growth and margin expansion for the next few years,"
concluded Mr. Khoury.
This news release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. Such forward-looking
statements involve risks and uncertainties. B/E's actual experience
may differ materially from that anticipated in such statements.
Factors that might cause such a difference include those discussed in
B/E's filings with the Securities and Exchange Commission, including
but not limited to its most recent proxy statement, Form 10-K and Form
10-Q. For more information, see the section entitled "Forward-Looking
Statements" contained in B/E's Form 10-K and in other filings. The
forward-looking statements included in this news release are made only
as of the date of this news release and, except as required by federal
securities laws, we do not have any obligation to publicly update or
revise any forward-looking statements to reflect subsequent events or
circumstances.
About B/E Aerospace, Inc.
B/E Aerospace, Inc. is the world's leading manufacturer of
aircraft cabin interior products, and a leading aftermarket
distributor of aerospace fasteners. B/E designs, develops and
manufactures a broad range of products for both commercial aircraft
and business jets. B/E manufactured products include aircraft cabin
seating, lighting, oxygen, and food and beverage preparation and
storage equipment. The company also provides cabin interior design,
reconfiguration and passenger-to-freighter conversion services.
Products for the existing aircraft fleet -- the aftermarket --
generate about 60 percent of sales. B/E sells and supports its
products through its own global direct sales and product support
organization.
For more information, visit B/E's website at www.beaerospace.com.
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