Published on 29 Feb 2024 on Zacks via Yahoo Finance
HEICO Corporation’s HEI first-quarter fiscal 2024 earnings per share (EPS) of 82 cents beat the Zacks Consensus Estimate of 73 cents by 12.3%. The bottom line also improved 22.4% from the prior-year quarter’s 67 cents.
Total Sales
The company’s net sales increased 44.4% year over year to $896.4 million in the reported quarter. Total sales also beat the Zacks Consensus Estimate of $875 million by 2.4%.The year-over-year upside was driven by increased sales volume from both the Flight Support Group and Electric Technologies Group segments.