Heico Corp. (HEI) Tops Q1 EPS by 11c

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Go back to Heico Corp. (HEI) Tops Q1 EPS by 11c

HEICO Corporation Reports Record Net Income and Increases in Net Sales and Operating Income for the First Quarter of Fiscal 2019; Full Fiscal Year 2019 Net Sales and Net Income Growth Estimates Raised

February 26, 2019 4:15 PM EST

First Quarter of Fiscal 2019 Net Income up 22% on Operating Income Increase of 23% and Net Sales Increase of 15%

HOLLYWOOD, FL & MIAMI--(BUSINESS WIRE)-- HEICO CORPORATION (NYSE: HEI.A) (NYSE: HEI) today reported that net income increased 22% to a record $79.3 million, or 58cents per diluted share, in the first quarter of fiscal 2019, up from $65.2 million, or 48cents per diluted share, in the first quarter of fiscal 2018.

Operating income increased 23% to $97.9 million in the first quarter of fiscal 2019, up from $79.6 million in the first quarter of fiscal 2018. The... More