BE Aerospace Recent Business Expected to Continue

WELLINGTON, Fla.--(BUSINESS WIRE)--April 30, 2007--B/E Aerospace, Inc. (Nasdaq:BEAV), the world's leading manufacturer of aircraft cabin interior products and a leading aftermarket distributor of aerospace fasteners, today announced financial results for the first quarter of 2007.

HIGHLIGHTS

• Record first quarter revenues of $387.8 million reflect 56.9 percent year-over-year growth; organic revenue growth was 44.5 percent.
• First quarter operating earnings of $56.4 million were 81.4 percent higher than the same period in the prior year.
• First quarter operating margin of 14.5 percent expanded by 190 basis points versus the same period in the prior year, and by 110 basis points on a sequential quarterly basis.
• Earnings before income taxes were $45.8 million, which was more than double pre-tax earnings in the same period in the prior year.
• Net earnings for the current quarter were $32.1 million as compared to $13.8 million in the first quarter of the prior year. Net earnings increased by $18.3 million or 133 percent over the prior year. First quarter 2007 diluted earnings per share were $0.40 per share as compared to $0.18 per share in the first quarter of the prior year. Diluted earnings per share increased by $0.22 per share, or 122 percent, and was $0.08 per share, or 25 percent, greater than the consensus estimate of $0.32 per share.
• Bookings for the quarter ended March 31, 2007 were strong, totaling approximately $450 million, and represent a book-to-bill ratio of approximately 1.2:1. Backlog at March 31, 2007 was  approximately $1.85 billion, an increase of 34 percent as compared to backlog at March 31, 2006.
• Full year 2007 financial guidance has again been revised upward to approximately $1.55 per share.

Commenting on the recent performance of B/E Aerospace, Amin J. Khoury, Chairman and Chief Executive Officer of B/E Aerospace said, "We are very pleased with the exceptionally strong performances by each of our business segments. The first quarter of 2007 was another record quarter for B/E Aerospace; revenues, operating earnings, net earnings, EPS, and backlog were all quarterly records, and each exceeded both our expectations and the consensus estimate. Our operating margin for the current quarter increased by 190 basis points versus the same period in the prior year and increased by 110 basis points on a sequential quarterly basis. This margin expansion reflects the high quality of our record backlog, the operating leverage inherent in our business and the productivity improvements from our lean and six sigma initiatives. In addition to our strong business performance, the company significantly strengthened its financial position and enhanced its financial flexibility by successfully raising approximately $369 million through a public equity offering of its common stock."

Mr. Khoury, continued, "Demand for all of our products and services is obviously very strong; in fact it is at record levels. And, with strong global aftermarket retrofit and refurbishment demand from international airlines continuing, the new-buy aircraft cycle for wide-body aircraft just beginning to ramp up and the demand for our spare parts and fasteners at record levels, we expect continued strong revenue and earnings growth. Each of these factors, together with our record high-in-quality backlog provide the company with excellent multi-year revenue visibility and serve as the foundation for our expectation for continued strong revenue and earnings growth for the next several years," concluded Mr. Khoury.

About B/E Aerospace, Inc.
B/E Aerospace, Inc. is the world's leading manufacturer of aircraft cabin interior products, and a leading aftermarket distributor of aerospace fasteners. B/E designs, develops and manufactures a broad range of products for both commercial aircraft and business jets. B/E manufactured products include aircraft cabin seating, lighting, oxygen, and food and beverage preparation and storage equipment. The company also provides cabin interior design, reconfiguration and passenger-to-freighter conversion services. Products for the existing aircraft fleet - the aftermarket – generate about 60 percent of sales. B/E sells and supports its products through its own global direct sales and product support organization. For more information, visit B/E's website at www.beaerospace.com.

CONTACT:    B/E Aerospace, Inc., Wellington
                    Greg Powell, Director of Investor Relations
                    561-791-5000 ext. 1450

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