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B/E Aerospace Earnings Rise 16%

Joseph Woelfel

B/E Aerospace (BEAV Quote) said Monday third-quarter earnings rose 16% as sales increased 37% on the acquisition of Honeywell's(HON Quote) consumables solutions distribution business and solid organic revenue growth in its distribution and business jet segments.

The company, a maker of aircraft cabin interior products, said earnings excluding certain costs were $56.6 million, or 59 cents a share. Analysts surveyed by Thomson Reuters expected B/E to earn 53 cents a share.

Sales in the quarter rose to $588 million from $428 million a year earlier, the company said in a press release Monday.

B/E said it expects 2008 earnings of $2.19 a share excluding certain costs totaling about 9 cents a share. Analysts estimate 2008 earnings of $2.13 a share. The company expects 2009 adjusted earnings of about $2 a share.