HEICO reports record sales and operating income for second quarter of fiscal 2011

HEICO CORPORATION reported that net income increased 34% to $16,830,000 for the second quarter of fiscal 2011, up from $12,573,000 for the second quarter of fiscal 2010. For the first six months of fiscal 2011, net income increased 39% to $33,904,000 up from $24,366,000 for the first six months of fiscal 2010. Operating income increased 27% to $32,913,000 in the second quarter of fiscal 2011, up from $25,957,000 in the second quarter of fiscal 2010. Net sales increased 20% to $184,486,000 in the second quarter of fiscal 2011, up from $153,845,000 in the second quarter of fiscal 2010.