Heico Corporation reports continued strong net income for 1st quarter of fiscal 2014

Heico Corporation reported that net income increased 38% to $27.5m in the first quarter of fiscal 2014, up from $20.0m in the first quarter of fiscal 2013. Operating income increased 44% to $50.4m, up from $34.9m. The Company’s consolidated operating margin increased to 18.9% in the first quarter of fiscal 2014, up from 16.1% in the first quarter of fiscal 2013. Net sales increased 23% to $266.8m, fom $216.5m.