b/e aerospace inc (BEAV) Key Developments
B/E Aerospace Inc. Re-Affirms Earnings Guidance for the Full Year of Fiscal 2015 and Revenue Guidance for the Full Year of Fiscal 2016
Sep 16 15
B/E Aerospace Inc. re-affirmed earnings guidance for the full year of fiscal 2015 and revenue guidance for the full year of fiscal 2016. The company confirmed that it continues to expect 2015 revenues and net earnings per diluted share to be approximately $2.8 billion and approximately $3.03 per share respectively, exclusive of the charges associated with the initiatives.
The company continues to expect 2016 revenues to be 1% to 2% higher as compared with 2015 followed by a strong acceleration in the 2017 revenue growth rate consistent with the scheduled deliveries from the company’s record backlog.
B/E Aerospace, Inc. Plans to Close Several Facilities
Sep 16 15
B/E Aerospace Inc. announced that it expects to recognize charges during the third quarter associated with its cost reduction program. The charges reflect costs associated with facilities consolidation, product rationalization, workforce reductions and program discontinuance. The company plans to close several facilities, consolidate certain product lines and reduce headcount by approximately 450 employees. Total after-tax charges for the associated activities are expected to be approximately USD 30 million.
B/E Aerospace Inc. Presents at Citi 2015 Industrials Conference, Sep-16-2015 02:00 PM
Sep 9 15
B/E Aerospace Inc. Presents at Citi 2015 Industrials Conference, Sep-16-2015 02:00 PM. Venue: The Ritz-Carlton, Boston Common, 10 Avery Street, Boston, MA 02111, United States. Speakers: Amin J. Khoury, Co-Founder and Executive Chairman.
Wayne R. Exton to Retire as the Vice President and General Manager, Business Jet Segment of B/E Aerospace, Inc
Aug 7 15
On August 7, 2015, Wayne R. Exton announced his retirement from his position as the Vice President and General Manager, Business Jet Segment for B/E Aerospace Inc. Mr. Exton will serve as a consultant to the Company through August 9, 2017 pursuant to the terms of a written Consulting Agreement entered into with the Company.
B/E Aerospace Inc. Presents at Jefferies 11th Annual Industrials Conference, Aug-11-2015 01:20 PM
Aug 4 15
B/E Aerospace Inc. Presents at Jefferies 11th Annual Industrials Conference, Aug-11-2015 01:20 PM. Venue: Grand Hyatt, 109 E. 42nd Street, New York, New York, United States.