HEICO reports record sales and strong earnings for second quarter of fiscal 2012

HEICO CORPORATION reported that net income increased 13% to $19.0m for the second quarter of fiscal 2012, up from $16.8m for the second quarter of fiscal 2011. For the first six months of fiscal 2012, net income increased 13% to a record $38.2m up from $33.9m for the first six months of fiscal 2011. Operating income increased 14% to $37.6m in the second quarter of fiscal 2012, for the first six months of fiscal 2012, operating income increased 15% to a record $75.2m. Consolidated operating margin equalled 17.4% and 17.5% in the second quarter and first six months of fiscal 2012, respectively, as compared to 17.8% and 18.2% in the second quarter and first six months of fiscal 2011, respectively.