QUOTE AND NEWS
newratings.com  Feb 10  Comment 
WASHINGTON (dpa-AFX) - BE Aerospace Inc. (BEAV) revealed earnings for its fourth quarter that increased compared to the same period last year. The company said its bottom line totaled $80.4 million, or $0.80 per share. This was higher than $78.6...
Forbes  Nov 15  Comment 
Looking at the universe of stocks we cover at Dividend Channel, on 11/17/16, B/E Aerospace, Inc (NASD: BEAV) will trade ex-dividend, for its quarterly dividend of $0.21, payable on 12/16/16. As a percentage of BEAV's recent stock price of $58.98,...
Benzinga  Oct 25  Comment 
B/E Aerospace Inc (NASDAQ: BEAV) on Monday reported its Q3 2016 results, while also announcing that it had entered into an agreement to be acquired by Rockwell Collins, Inc. (NYSE: COL) for $6.4 billion. Canaccord Genuity’s Ken Herbert...
Benzinga  Oct 25  Comment 
Despite the increasing wide-body OE pressure in the medium term, Credit Suisse’s Robert Spingarn expressed optimism regarding the long-term business prospects for B/E Aerospace Inc (NASDAQ: BEAV). Spingarn added that the company is a good...
Forbes  Oct 25  Comment 
In recent trading, shares of B/E Aerospace, Inc (NASD: BEAV) have crossed above the average analyst 12-month target price of $56.20, changing hands for $58.89/share. When a stock reaches the target an analyst has set, the analyst logically has two...
CNNMoney.com  Oct 24  Comment 
Rockwell Collins is buying B/E Aerospace in an $8.3 billion deal that represents the future of the flying experience.
Benzinga  Oct 13  Comment 
Goldman Sachs downgrades B/E Aerospace, Inc. - Common Stock (NASDAQ: BEAV) from Buy to Neutral and lowers the price target from $56.00 to $52.00. Latest Ratings for BEAV Date Firm Action From To Oct 2016 Goldman...
newratings.com  Jul 26  Comment 
WASHINGTON (dpa-AFX) - BE Aerospace Inc. (BEAV) revealed a profit for its second quarter that gained ground compared to the same period last year. The company said its bottom line totaled $84.8 million, or $0.84 per share. This was higher than...




RELATED WIKI ARTICLES
 

BE Aerospace (NASDAQ: BEAV) is the largest manufacturer of cabin interior products for commercial aircraft and business jets as well as an aftermarket distributor of aerospace fasteners.[1] The company sells its manufactured products directly to nearly all of the world's airlines and airframe manufacturers as well as other aviation customers.[1]

Business Overview

BE manufactures seats, oxygen storage and delivery systems, other interior components and food preparation products for commercial and business jets.[1] The company sells all of its products directly to airplane manufacturers and airlines.[2] The company also distributes a range of aerospace grade fasteners.[1]

Business & Financial Metrics[3]

In 2009, BEAV generated a net income of $155.3 million on revenues of $1.94 billion. This represents a turnaround from 2008, when the company incurred a net loss of $99.4 million on revenues of $2.11 billion.

Business Segments[4]

  • Commercial Aircraft (47.0% of revenue): This segment manufactures first, business and coach class seats. The segment's first and business class seats are generally more expensive than their coach class seats because of added features such as laptop power sockets, adjustable lumbar supports and leg rests.[5] In addition to manufacturing and selling new airplane seats, it supplies spares and replacements to its customers.[5] Seating competes with companies like Zodiac S.A. and Premium Aircraft Interiors Group.
  • Consumables Management (41.2% of revenue):This segment manufactures aerospace fasteners.[6] Roughly 60% of the segment's orders are for the aftermarket.[6] Commercial Aircraft stocks over 200,000 different kinds of fasteners making BE an easy one stop shop for airline maintenance crews.[6]
  • Business Jet (11.8% of revenue): This segment manufactures furnishings and interior systems for business jets.[7] The segment's furnishings include seats, beds, sofas, credenzas, closets and kitchen structures.[7] Its interior systems include walls, oxygen supply systems, lighting and air valves.[7] BE is the largest supplier of furnishings for business jets and supplies its products to almost all business jet manufacturers.[7] Business Jet competes with companies like Astronics (ATRO).

Key Trends and Forces

Increased orders of wide-body aircraft increased the demand for BE's products

The number of wide-body airplanes sold is excepted to grow at roughly 20% in 2011. [8] According to BE wide-body planes use five to eight times more of BE's products in dollar value than standard jets.[8] If this occurs, BE will have an opportunity to significantly increase its sales.

Key Competitors

  • Astronics (ATRO) manufactures cabin lighting, electronics and power systems for commercial, business and military aircraft. The company's cabin lighting for business jets competes with the cabin lighting produced by BE's Business Jet segment.[9]
  • Zodiac S.A. manufactures inflatable boats and pool equipment as well as aeronautical equipment. The company's aeronautical products include fuel circulation, hydraulics and electrical power systems as well as passenger seats and commercial aircraft interiors. Zodiac's passenger seats compete with BE's Seating Segment and their aircraft interiors compete with BE's Interior Systems segment.[10][11]
  • Premium Aircraft Interiors Group is a private company that manufactures seating, interiors, bathrooms and galley supplies for commercial passenger aircraft. The company's seating products compete with BE's Seating Segment and their aircraft interiors and galley supplies compete with BE's Interior Systems segment.[12]

References

  1. 1.0 1.1 1.2 1.3 BEAV 2007 10-K Item 1: General, pgs 1-2
  2. BEAV 2007 10-K Item 1: Marketing and Customers, pg 11
  3. BEAV 2009 10-K pg. F-4  
  4. BEAV 2009 10-K pg. 8  
  5. 5.0 5.1 BEAV 2007 10-K Item 1: Seating Segment, pg 8-9
  6. 6.0 6.1 6.2 BEAV 2007 10-K Item 1: Distribution Segment, pg 9
  7. 7.0 7.1 7.2 7.3 BEAV 2007 10-K Item 1: Business Jet Segment, pg 10
  8. 8.0 8.1
  9. Google Finance: ATRO
  10. Zodiac 2007 Annual Report: Consolidated Income Statement, pg 80
  11. Google Finance: ZC
  12. PAIG: Homepage
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