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B/E Aerospace Reports Third Quarter 2012 Financial Results; EPS $0.74 Excluding Debt Prepayment Costs; Raises 2012 Guidance And Provides 2013 Guidance

THIRD QUARTER SEGMENT RESULTS

The following is a tabular summary and commentary of revenues and operating earnings by segment:

     
REVENUES
Three Months Ended September 30,
    ($ in millions)
Segment 2012 2011 % Change
Commercial aircraft $ 385.6 $ 333.1 15.8 %
Consumables management 295.8 238.7 23.9 %
Business jet   85.3   64.2 32.9 %
Total $ 766.7 $ 636.0 20.6 %
 
OPERATING EARNINGS
Three Months Ended September 30,
    ($ in millions)
Segment 2012 2011 % Change
Commercial aircraft $ 67.3 $ 56.6 18.9 %
Consumables management * 59.2 47.6 24.4 %
Business jet   12.4   7.9 57.0 %
Total $ 138.9 $ 112.1 23.9 %
 
* 2012 consumables management operating earnings adjusted to exclude AIT costs of $4.6 million
 

Third quarter 2012 commercial aircraft segment (CAS) operating earnings of $67.3 million increased 18.9 percent as compared with the prior year period. Operating margin of 17.5 percent expanded 50 basis points, due to leverage at the higher revenue level and ongoing operational efficiency initiatives.

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