Heico Corp. (HEI,HEI-A) reported that its third-quarter net income attributable to the company increased to $23.13 million or $0.43 per share, from $20.40 million or $0.38 per share, for the third quarter of fiscal 2011.
Net income per share for the third quarter of fiscal 2012 includes a 2 cent tax benefit from lower income tax expense attributable principally to higher R&D tax credits on fiscal 2011 tax returns filed during the current quarter.
Net income per share for the third quarter of fiscal 2011 includes a 4 cent tax benefit from lower income tax expense attributable principally to lower state income taxes and higher R&D tax credits on tax returns filed during the third quarter of fiscal 2011.
Net sales increased 15% to $225.97 million in the third quarter of fiscal 2012, from $197.27 million in the third quarter of fiscal 2011.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.41 per share on revenues of $232.25 million for the quarter. Analysts' estimates typically exclude special items.
The company estimate full year fiscal 2012 net sales to approximate $890 million, operating income to approximate $160 million and year-over-year growth in net income of 13% to 14%, which represents the high end of previous net income growth estimate range.
Analysts expect the company to report earnings of $1.58 per share on revenues of $909.52 million for fiscal 2012.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.