Heico Corp.: High Demand from Commercial Aviation Pays Off for the Niche Specialist!

The Heico Corp. (HEI) presented its report for the second quarter on May 27. Net sales increased by 25% year-over-year to $1.38 billion. A clear growth was recorded in net income, which climbed 49% to $233.8 million. The diluted earnings per share amounted to $1.66, compared to $1.12 in the previous year. Operating income reached $350.4 million, corresponding to an operating margin of 25.5%. A key driver was the Flight Support Group, which achieved sales of $929.4 million through double-digit organic growth and a favorable product mix in spare...