Heico Corp. (HEI) Tops Q1 EPS by 5c
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HEICO Corporation Reports Outstanding Growth in Net Income, Operating Income and Net Sales for the First Quarter of Fiscal 2017; Full Fiscal Year 2017 Net Sales and Net Income Growth Estimates Raised
February 28, 2017 4:15 PM ESTHOLLYWOOD, Fla. and MIAMI, Feb. 28, 2017 (GLOBE NEWSWIRE) -- HEICO CORPORATION (NYSE:HEI.A) (NYSE: HEI) today reported that net income increased 31% to $40.9 million, or 59 cents per diluted share, in the first quarter of fiscal 2017, up from $31.3 million, or 46Â cents per diluted share, in the first quarter of fiscal 2016.
Operating income increased 23% to $64.6 million in the first quarter of fiscal 2017, up from $52.6 million in the first quarter of fiscal 2016. The Company's consolidated operating margin increased to 18.8% in the first quarter of fiscal 2017, up from 17.2% in the first quarter of fiscal 2016.
Net sales increased 12% to... More
