HEICO Corp. (NYSE:HEI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
HEICO Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 18.6% to $0.51 in the quarter versus EPS of $0.43 in the year-earlier quarter.
Revenue: Rose 18.21% to $267.13 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: HEICO Corp. reported adjusted EPS income of $0.51 per share. By that measure, the company beat the mean analyst estimate of $0.47. It beat the average revenue estimate of $252.99 million.
Quoting Management: Laurans A. Mendelson, HEICO’s Chairman and CEO, commented on the Company’s third quarter results stating, “We are very pleased to report record quarterly highs in consolidated net sales, operating income and net income for the third quarter of fiscal 2013. These results principally reflect record net sales and operating income within the Flight Support Group and continued strong operating results within the Electronic Technologies Group.
Key Stats (on next page)…