HEICO posts second quarter net income of US$45.7m, up 18%

HEICO CORPORATION has reported that net income increased 18% to US$45.7m, in the second quarter of fiscal 2017, up from US$38.7m in the second quarter of fiscal 2016. In the first six months of fiscal 2017, net income increased 24% to US$86.6m up from US$69.9m in 2016. Operating income increased 15% to US$76.5m in the second quarter of fiscal 2017, up from US$66.8m the previous year. In the first six months of fiscal 2017, operating income increased 18% to US$141.1m up from US$119.4m in the first six months of fiscal 2016.