Heico Corp. (HEI) Tops Q3 EPS by 4c

Heico Corp. (NYSE: HEI) reported Q3 EPS of $0.49, $0.04 better than the analyst estimate of $0.45. Revenue for the quarter came in at $465.8 million versus the consensus estimate of $438.1 million.

• Based on our current economic visibility, we now estimate our consolidated fiscal 2018 year-over-year growth in net sales to be 15% - 16% and in net income to be 35% - 37%, up from our prior growth estimates in net sales of 13% - 14% and in net income of 33% - 35%. Additionally, we continue to anticipate our consolidated operating margin to approximate 21%, cash flow from operations to approximate $310 million, depreciation and amortization expense to approximate $77 million and capital expenditures to now approximate $45 million. These estimates exclude additional acquired businesses, if any."

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

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