B/E Aerospace's Earnings Beat Last Year's by 24%

B/E Aerospace (Nasdaq: BEAV  ) reported earnings on July 23. Here are the numbers you need to know.

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.

Revenue details
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 details
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.

Margin details
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.)

Looking ahead

Investor sentiment
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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