Heico Corp. (HEI) Reports Q1 EPS of $0.49

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HEICO Corporation Reports 20% Growth in Adjusted Net Income and Adjusted Diluted Earnings per Share of 49 Cents for the First Quarter of Fiscal 2016; Full Year Fiscal 2016 Net Sales and Net Income Gro

February 25, 2016 4:18 PM EST

1st Quarter Adjusted Net Income up 20% on Net Sales Increase of 14% and Adjusted Operating Income Increase of 20%

HOLLYWOOD, Fla. and MIAMI, Feb. 25, 2016 (GLOBE NEWSWIRE) -- HEICO CORPORATION (NYSE:HEI.A) (NYSE: HEI) today reported that adjusted net income increased 20% to $33.2 million, or 49 cents per diluted share, in the first quarter of fiscal 2016, up from $27.6 million, or 41 cents per diluted share, in the first quarter of fiscal 2015.

Adjusted operating income increased 20% to $55.8 million in the first quarter of fiscal 2016, up from $46.4 million in the first quarter of fiscal... More