B/E Aerospace reports third quarter 2015 financial results

B/E Aerospace reported third quarter 2015 revenues of US$679.8m an increase of 4.0% as compared with the prior year period. On a constant currency basis revenues increased approximately 4.9%. Operating earnings of US$124.2m increased 1.9% and operating margin was 18.3%, while net earnings were US$76.7m, representing an increase of 14.3% as compared with the prior year period. On a GAAP basis, operating earnings were US$75.2m, while net earnings were US$45.8m. Bookings during the third quarter of 2015 were approximately US$675m and the book-to-bill ratio was approximately 1 to 1. The year-to-date book-to-bill ratio is approximately 1.1 to 1. Backlog as of September 30th, 2015 was approximately US$3.2bn, while awarded but unbooked backlog was approximately US$5.0bn, bringing total backlog, both booked and awarded but unbooked, to approximately US$8.2bn.