Heico Corp. (HEI) Tops Q1 EPS by 12c

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Go back to Heico Corp. (HEI) Tops Q1 EPS by 12c

HEICO Corporation Reports Record Net Income and Increases in Net Sales and Operating Income for the First Quarter of Fiscal 2020; Increases Full Year Net Income Growth Estimate

February 25, 2020 4:15 PM EST

First Quarter of Fiscal 2020 Net Income up 54% on Operating Income Increase of 13% and Net Sales Increase of 9%

HOLLYWOOD, Fla. & MIAMI--(BUSINESS WIRE)-- HEICO CORPORATION (NYSE: HEI.A) (NYSE: HEI) today reported that net income increased 54% to a record $121.9 million, or 89 cents per diluted share, in the first quarter of fiscal 2020, up from $79.3 million, or 58 cents per diluted share, in the first quarter of fiscal 2019.

Net income attributable to HEICO in the first quarter of fiscal 2020 and 2019 were both favorably... More