B/E Aerospace reports double digit profit growth in 1Q2014

B/E Aerospace revenue up 20% - financial highlights for three months ended 31-Mar-2014:

• Revenue: USD1011 million, +20.1% year-on-year;
• • Commercial aircraft: USD523.4 million, +24.6%;
• Operating profit: USD183.0 million, +19.1%;
• Segment operating profit: USD185.2 million, +20.6%;
• • Commercial aircraft: USD93.1 million, +25.5%;
• Net profit: USD109.0 million, +21.2%;
• Total assets: USD5934 million;
• Cash and cash equivalents: USD384.7 million;
• Total liabilities: USD3203 million. [more - original PR]

B/E Aerospace: "Our total backlog, both booked and awarded but unbooked, of approximately $8.9 billion, our expectation for robust wide-body aircraft deliveries, our expectation of strong revenue growth from our SFE program deliveries, and the expectation for continued growth in global passenger travel, all provide a basis for our expectation of continued strong revenue growth," Amin Khoury, Chairman and CEO. Source: Company statement, 23-Apr-2014.