B/E Aerospace reported that fourth quarter 2012 commercial aircraft segment (CAS) revenues increased 13.9% while operating earnings of $68.6m increased 17.9% as compared with the prior year period, and operating margin of 17.2% expanded 60 basis points, due to operating leverage at the higher revenue level and ongoing operational efficiency initiatives. For the year ended December 31, 2012, CAS operating earnings of $271.3m increased 25.6% as compared with the prior year period. Operating margin of 17.5% expanded 90 basis points as compared with the prior year period due to operating leverage at the higher revenue level and ongoing operational efficiency initiatives.
Fourth quarter 2012 business jet segment (BJS) operating earnings of $14.7m increased 77.1% as compared with the prior year period. Operating margin of 14.3% expanded 250 basis points as compared with the prior year period, reflecting the 45.8% increase in revenues, an improved mix of revenues and ongoing operational improvements. For the year ended December 31, 2012, CAS operating earnings of $271.3m increased 25.6% as compared with the prior year period. Operating margin of 17.5% expanded 90 basis points as compared with the prior year period due to operating leverage at the higher revenue level and ongoing operational efficiency initiatives. For the year ended December 31, 2012, BJS operating earnings of $52.0m increased 79.9% as compared with the prior year period. Operating margin of 14.3% expanded 290 basis points, reflecting the 42.8% increase in revenues, an improved mix of revenues and ongoing operational improvements.
