December 18, 2013

HEICO Corporation reports record net income for fourth quarter and full year 2013

HEICO Corporation reported that net income increased 25% to $29.8m for the fourth quarter of fiscal 2013, up from $23.8m for the fourth quarter of fiscal 2012. For the fiscal year ended October 31, 2013, net income increased 20% to $102.4m up from $85.1m for the fiscal year ended October 31, 2012. Net sales increased 19% to $287.4m for the fourth quarter of fiscal 2013, up from $242.4m for the fourth quarter of fiscal 2012. For the fiscal year ended October 31, 2013, net sales increased 12% to $1,008.8m, up from $897.3m for the fiscal year ended October 31, 2012. Operating income increased 22% to $55.6m for the fourth quarter of fiscal 2013, up from $45.6m for the fourth quarter of fiscal 2012. For the fiscal year ended October 31, 2013, operating income increased 12% to $183.6m, up from $163.3m for the fiscal year ended October 31, 2012.



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