B/E Aerospace has reported pre-tax earnings of $73.9 million for the first quarter, a 44% increase compared with the same period last year.
The company has posted 48.8% growth in net profit from $33.8 million to $50.3 million for the quarter ended 31 March 2011 against Q1 2010.
Revenues at the US-based cabin and interiors specialist were up 29.5% to $600 million. The company's operating earnings for the quarter increased 39% to $100 million.
"Operating earnings growth and operating margin expansion were driven by the higher sales volume, improved revenue mix and ongoing operational efficiency initiatives," says B/E.
At its commercial aircraft business, revenues were up 35% to $310 million and operating profits surged 46% to $49.3 million.
"The company anticipates orders and backlog to continue to grow in 2011. Specifically, the company expects increasing aftermarket demand for consumables and commercial aircraft segment spares driven by the continuing growth in passenger traffic and capacity," adds B/E.
Source: Air Transport Intelligence news
