2014 is looking good for Esterline

The year is off to a good start for Esterline Technologies Corp., which is in the process of a major restructuring of its operations and a leadership transition.

The Bellevue-based aerospace company recorded $505 million in sales and $35 million in adjusted net earnings in its fiscal year’s first quarter, which ended Jan. 31. The company expects 2014 revenue to be more than $2 billion, a slight increase over last year’s sales.

Esterline’s operations include Korry, which is based near Paine Field and specializes in cockpit controls and displays.

The company’s new CEO, Curtis Reusser, was confident in an earnings call Thursday with investment analysts.

“All things considered, we’re right in line with our plan, and we’ve not seen anything to cause us to reassess our expectations for the fiscal year,” Reusser said, according to a transcript posted at the investment website SeekingAlpha.com.

Esterline is in the process of consolidating some redundant operations and support services, which has resulted in some layoffs, according to news reports.

The company “has basically been very successful at buying businesses and leaving them in place and letting them run and be very nimble,” Reusser said.

More in Herald Business Journal

Tesla rolls out the design for its 500-mile electric big rig

The truck will have an Autopilot system, which can maintain a set speed and slow down in traffic.

How Airbus’s A380 deal with Emirates evaporated in Dubai

It came down to concern by Emirates that Airbus might shut down the jumbo program.

Trader Joe’s recalls packaged salads over contamination fear

Turkey cranberry salads sold in Idaho, Oregon or Washington are at risk.

Equipment rental and sales business H&E opens Mukilteo shop

Company hopes to capitalize on construction occuring in northwest Washington.

New Chick-fil-A draws dozens of campers in Bothell

A second restaurant of the popular chain is opening on Thursday.

Tulalip Resort Casino to feature locally grown hazelnuts

The resort wanted to put a focus on meals created with the nut.

Alderwood Water general manager named president of state association

Alderwood Water & Wastewater District General Manager Jeff Clarke has been installed… Continue reading

Boeing earns top marks for LGBTQ workplace policies

Boeing was one of 609 businesses nationwide to earn a 100-point score… Continue reading

Aerospace workers adjust to changing industry

The number of Boeing workers dropped almost 10 percent since last year

Most Read