More on HEICO earnings


HEICO (HEI) FQ3 beats across the board.

Net Income +25% on a net sales increase of 18% Y/Y, driven by record operating income in its Flight Support Group and continued strong operating results from its Electronic Technologies Group.

Looking forward, the company is increasing FY13 estimates for year-over-year growth in net sales to 10% - 11% and growth in net income of 15% - 16%, up from prior growth estimates of 8% - 10% in net sales and 11% - 13% in net income.

This was corrected on 08/27/2013 at 06:25 PM.
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