Heico Corp. (HEI) Reports Q2 EPS of $0.57

Heico Corp. (NYSE: HEI) reported Q2 EPS of $0.57, versus $0.49 reported last year. Revenue for the quarter came in at $350.3 million, versus $291.4 million reported last year.

"As we look ahead to the remainder of fiscal 2016, we anticipate organic growth within our aftermarket replacement parts and specialty products product lines that serve the commercial aviation markets moderated by softer demand for certain component repairs and overhauls. We expect organic growth within the Electronic Technologies Group reflecting increased demand for the majority of our products. During the remainder of fiscal 2016, we plan to continue our focus on new product development, further market penetration, executing our acquisition strategies and maintaining our financial strength.

Based on our current economic visibility, we are increasing our estimated consolidated fiscal 2016 year-over-year growth in net sales to 15% - 17% and net income to 12% - 14%, up from prior growth estimates in net sales of 14% - 16% and growth in net income of 10% - 13%. Additionally, we anticipate our consolidated full year operating margin to approximate 18.5% - 19.0%, depreciation and amortization expense of approximately $62 million, capital expenditures to approximate $32 million and cash flow from operations to approximate $220 million."

For earnings history and earnings-related data on Heico Corp. (HEI) click here.

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