HEICO CORPORATION reported that net income increased 17% to US$38.7m in the second quarter of fiscal 2016, up from US$33.1m in the second quarter of fiscal 2015. In the first six months of fiscal 2016, net income increased 15% to US$69.9m (after a US$.03 reduction related to nonrecurring acquisition costs incurred in the first quarter of fiscal 2016), up from US$60.7m in the first six months of fiscal 2015. Operating income increased 20% to US$66.8m in the second quarter of fiscal 2016, up from US$55.8m in the second quarter of fiscal 2015. In the first six months of fiscal 2016, operating income increased 17% to US$119.4m, up from US$102.2m in the first six months of fiscal 2015. The Company’s consolidated operating income and consolidated operating margin in the first six months of fiscal 2016 reflect a US$3.1m and .5% reduction, respectively, for nonrecurring expenses related to a first quarter 2016 acquisition.
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Please contact
Tamar Jorssen
Vice President Sales & Marketing
+1.778.213.8543
[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada
[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada