HEICO Corporation Reports Earnings Results for the Second Quarter and Six Months Ended April 30, 2024
May 28, 2024 at 10:27 pm
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HEICO Corporation reported earnings results for the second quarter and six months ended April 30, 2024. For the second quarter, the company reported sales was USD 955.4 million compared to USD 687.84 million a year ago. Net income was USD 123.15 million compared to USD 105.12 million a year ago. Basic earnings per share from continuing operations was USD 0.89 compared to USD 0.77 a year ago. Diluted earnings per share from continuing operations was USD 0.88 compared to USD 0.76 a year ago.
For the six months, sales was USD 1,851.76 million compared to USD 1,308.76 million a year ago. Net income was USD 237.84 million compared to USD 198.15 million a year ago. Basic earnings per share from continuing operations was USD 1.72 compared to USD 1.45 a year ago. Diluted earnings per share from continuing operations was USD 1.7 compared to USD 1.43 a year ago.
HEICO Corporation is a manufacturer of jet engine and aircraft component replacement parts. The Companyâs segments include Flight Support Group (FSG) and Electronic Technologies Group (ETG). FSG segment consists of HEICO Aerospace Holdings Corp. and HEICO Flight Support Corp. and their subsidiaries. FSG uses technology to design and manufacture jet engine and aircraft component replacement parts. FSG repairs, overhauls and distributes jet engine and aircraft components, avionics and instruments for domestic and foreign commercial air carriers and aircraft repair companies, as well as military and business aircraft operators. ETG segment consists of HEICO Electronic Technologies Corp. and its subsidiaries. ETG designs, manufactures and sells various types of electronic, data and microwave, and electro-optical products, including infrared simulation and test equipment, laser rangefinder receivers, electrical power supplies, back-up power supplies and others.