The 10-second takeaway
For the quarter ended June 30 (Q2), B/E Aerospace met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. GAAP earnings per share grew significantly.
Margins expanded across the board.
B/E Aerospace booked revenue of $850.3 million. The 16 analysts polled by S&P Capital IQ foresaw net sales of $842.8 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $768.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.89. The 17 earnings estimates compiled by S&P Capital IQ averaged $0.85 per share. GAAP EPS of $0.89 for Q2 were 29% higher than the prior-year quarter's $0.69 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 38.4%, 20 basis points better than the prior-year quarter. Operating margin was 18.7%, 20 basis points better than the prior-year quarter. Net margin was 10.9%, 160 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 586 members out of 608 rating the stock outperform, and 22 members rating it underperform. Among 156 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 153 give B/E Aerospace a green thumbs-up, and three give it a red thumbs-down.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.