B/E Aerospace Receives Antitrust Clearances for HCS Acquisition; Comments on Record 2008 Second Quarter Financial Results; Schedules Earnings Conference Call
2008-07-16 05:00:00
WELLINGTON, Fla.–(EMWNews)–B/E Aerospace, Inc. (Nasdaq:BEAV), the world’s leading manufacturer of
aircraft cabin interior products and the leading aftermarket distributor
of aerospace fasteners, today announced that it has received regulatory
approval for its acquisition of Honeywell’s
Consumables Solutions distribution business (HCS) and that it expects to
close the transaction before the end of the third quarter.
The company expects to report record second quarter earnings per diluted
share in excess of consensus estimates. In addition, the company
announced that it expects to report record quarterly bookings, backlog,
revenues, operating earnings and net income.
The company will release its financial results for the quarter ended
June 30, 2008 prior to the opening of the NASDAQ Stock Market on
Tuesday, July 29, 2008, and will hold a conference call to discuss the
results at 9:00 a.m. Eastern time on Tuesday, July 29, 2008. To listen
live and view the slide presentation via the Internet, visit the
Investors section of the B/E Aerospace, Inc. website at www.beaerospace.com
and follow the link to “Webcasts”.
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
include, but are not limited to, B/E Aerospace’s
financial guidance and industry expectations for the next several years.
Such forward-looking statements involve risks and uncertainties. B/E
Aerospace’s actual experience and results may
differ materially from the experience and results anticipated in such
statements. Factors that might cause such a difference include changes
in market and industry conditions and those discussed in B/E Aerospace’s
filings with the Securities and Exchange Commission, which include its
Proxy Statement, Annual Report on Form 10-K, Quarterly Reports on Form
10-Q and Current Reports on Form 8-K. For more information, see the
section entitled “Forward-Looking Statements”
contained in B/E Aerospace’s Annual Report on
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 intend 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 the leading aftermarket distributor of
aerospace fasteners. B/E Aerospace designs, develops and manufactures a
broad range of products for both commercial aircraft and business jets.
B/E Aerospace 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 Aerospace sells and supports its products through
its own global direct sales and product support organization.
For more information, visit the B/E Aerospace, Inc. website at www.beaerospace.com.
B/E Aerospace, Inc., Wellington Investor Relations, |
|
Major Newsire & Press Release Distribution with Basic Starting at only $19 and Complete OTCBB / Financial Distribution only $89
Get Unlimited Organic Website Traffic to your Website
TheNFG.com now offers Organic Lead Generation & Traffic Solutions