B/E Aerospace record first quarter results

B/E Aerospace announced financial results for the first quarter of 2008. First quarter revenues of $473.2 million reflect 22.0% year-over-year organic growth, first quarter net earnings of $48.5 million increased by 51.1% compared to the first quarter of the prior year. First quarter net earnings per diluted share of $0.53 increased by 32.5%, despite the 500 basis point increase in the effective tax rate and the 16% increase in the number of weighted average shares outstanding. On a comparable effective tax rate basis, earnings per share increased by 43%.