Published on 23 May 2023 on Zacks via Yahoo Finance
HEICO Corporation’s HEI second-quarter fiscal 2023 earnings per share of 76 cents beat the Zacks Consensus Estimate of 72 cents by 5.6%. The bottom line also improved 22.6% from the prior-year period’s 62 cents.
Total Sales
The company’s net sales increased 28% year over year to $687.8 million in the reported quarter, primarily driven by an improvement in the commercial aerospace market. Total sales also beat the Zacks Consensus Estimate of $654 million by 5.1%.