HEICO CORPORATION Reports Record Net Sales, Operating Income and Net Income for the Third Quarter of Fiscal 2018; Full Fiscal Year 2018 Net Sales and Net Income Growth Estimates Raised

HEICO CORPORATION Reports Record Net Sales, Operating Income and Net Income for the Third Quarter of Fiscal 2018; Full Fiscal Year 2018 Net Sales and Net Income Growth Estimates Raised

6 years ago
Anonymous $oIHRkISgaL

https://www.businesswire.com/news/home/20180827005565/en/

HOLLYWOOD, Fla. & MIAMI--(BUSINESS WIRE)--Aug 27, 2018--HEICO CORPORATION (NYSE: HEI.A) (NYSE: HEI) today reported that net income increased 47% to a record $67.1 million, or 49 cents per diluted share, in the third quarter of fiscal 2018, up from $45.7 million, or 34 cents per diluted share, in the third quarter of fiscal 2017. In the first nine months of fiscal 2018, net income increased 45% to a record $191.9 million, or $1.40 per diluted share, up from $132.3 million, or 98 cents per diluted share, in the first nine months of fiscal 2017.

All share and per share information has been adjusted retrospectively to reflect

5-for-4 stock splits distributed by the Company in January 2018 and June 2018.