HEICO Corporation reports fiscal year 2019 net income up 26%

HEICO Corporation has reported that net income increased 27% to US$85.7 million in the fourth quarter of fiscal 2019, up from US$67.4 million in the fourth quarter of fiscal 2018. In the fiscal year ended October 31, 2019, net income increased 26% to US$327.9 million, up from US$259.2 million in the fiscal year ended October 31, 2018.

Operating income increased 16% to US$120.6 million in the fourth quarter of fiscal 2019, up from US$103.7 million in the fourth quarter of fiscal 2018. In the fiscal year ended October 31, 2019, operating income increased 21% to US$457.1 million, up from US$376.2 million in the fiscal year ended October 31, 2018.

The Company’s consolidated operating margin improved to 22.3% in the fourth quarter of fiscal 2019, up from 21.7% in the fourth quarter of fiscal 2018. The Company’s consolidated operating margin improved to 22.2% in the fiscal year ended October 31, 2019, up from 21.2% in the fiscal year ended October 31, 2018.

EBITDA increased 15% to US$142.4 million in the fourth quarter of fiscal 2019, up from US$123.3 million in the fourth quarter of fiscal 2018. EBITDA increased 20% to US$543.0 million in the fiscal year ended October 31, 2019, up from US$453.4 million in the fiscal year ended October 31, 2018.

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