B/E Aerospace reports third quarter results

B/E Aerospace announced financial results for the third quarter of 2008. Net sales of $587.8 million increased 37.3% as compared with the third quarter of 2007. Net earnings of $51.8 million and net earnings per diluted share of $0.54, were negatively impacted by the $3.6 million of acquisition, integration and transition costs, and $3.6 million of debt prepayment costs. Net earnings and net earnings per diluted share, adjusted to exclude the above mentioned costs were $56.6 million and $0.59 per diluted share, respectively, and increased 27.2% and 22.9%, respectively, as compared with the third quarter of 2007.