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

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

HEICO Corporation Reports Record Net Sales and Net Income for the Second Quarter of Fiscal 2016; Full Year Fiscal 2016 Net Sales and Net Income Growth Estimates Raised

May 25, 2016 5:28 PM EDT

2nd Quarter Net Sales and Operating Income Increase 20%;Net Income up 17%

HOLLYWOOD, Fla. and MIAMI, May 25, 2016 (GLOBE NEWSWIRE) -- HEICO CORPORATION (NYSE:HEI.A) (NYSE: HEI) today reported that net income increased 17% to a record $38.7 million, or 57 cents per diluted share, in the second quarter of fiscal 2016, up from $33.1 million, or 49 cents per diluted share, in the second quarter of fiscal 2015.  In the first six months of fiscal 2016, net income increased 15% to $69.9 million, or $1.03 per diluted share (after a $.03 reduction related to nonrecurring acquisition costs... More