HEICO Corporation reports net income increase of 17% for second quarter fiscal 2015

HEICO CORPORATION reported that net income increased 17% to US$33.1m in the second quarter of fiscal 2015, up from US$28.4 million in the second quarter of fiscal 2014. In the first six months of fiscal 2015, net income increased 9% to a record US$60.7m up from US$55.8m in the first six months of fiscal 2014. Operating income increased 13% to a record of US$55.8m in the second quarter of fiscal 2015, up from US$49.2mi in the second quarter of fiscal 2014 and increased 3% to a record US$102.2m in the first six months of fiscal 2015, up from US$99.6m in the first six months of fiscal 2014. The Company’s consolidated operating margin improved to 19.1% and 18.3% in the second quarter and first six months of fiscal 2015, respectively, up from 17.4% and 18.1%, in the second quarter and first six months of fiscal 2014, respectively. Net sales increased 3% to US$291.4m in the second quarter of fiscal 2015, up from US$282.2m in the second quarter of fiscal 2014 and increased 2% to a record US$559.6m in the first six months of fiscal 2015, up from US$549.1m in the first six months of fiscal 2014.