B/E Aerospace, Inc. (BEAV) Reports Record Financial Results for 2008
In the midst of the current economic turmoil, B/E Aerospace announced that 2008 was its most successful year. 2008 net sales totaled $2.1 billion, 25.8 percent higher than 2007’s numbers. Record net earnings for 2008 was reported at $200.6 million, or $2.12 per diluted share, which was an increase of 36.2 percent and 27.7 percent, respectively, when compared to the prior year. Amin J. Khoury, Chairman and Chief Executive Officer of B/E Aerospace, Inc. commented, “In spite of deteriorating global economic conditions beginning in the second half of the year, 2008 was a record year for the company in terms…