Heico Corp. (HEI) Reports In Line Q3, Raises FY14 Guidance

Heico Corp. (NYSE: HEI) reported Q3 EPS of $0.44, in line with the analyst estimate of $0.44. Revenue for the quarter came in at $291 million versus the consensus estimate of $296.43 million.

"Based on our current economic visibility, we are increasing our estimate of fiscal 2014 year-over-year growth in net income to 14% - 16%, up from our prior growth estimate of 12% - 14%. We estimate fiscal 2014 year-over-year growth in net sales of 12% - 14%, our full year fiscal 2014 consolidated operating margin to approximate 18%, capital expenditures to approximate $20 million, depreciation and amortization expense to approximate $49 million and cash flow from operations to approximate $160 million."

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

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