B/E Aerospace record second quarter 2014 financial results exceed expectations

B/E Aerospace reported its second quarter 2014 financial results. Second quarter 2014 revenues of $1.09bn increased 28.1% as compared with the prior year period. Second quarter 2014 operating earnings were $198.1m, an increase of 24.8%, and operating margin was 18.2%. On a GAAP basis, operating earnings were $185.3m. Second quarter 2014 earnings before income taxes were $166.4m, an increase of 29.8%. On a GAAP basis, earnings before income taxes were $153.6m. Second quarter 2014 net earnings were $117.6m, representing an increase of 27.3%, as compared with the prior year period. On a GAAP basis net earnings were $108.6m.