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.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.