HEICO Corporation reports net income of US$45.7m for third quarter of fiscal 2017

HEICO Corporation has reported that net income increased 9% to US$45.7m in the third quarter of fiscal 2017, up from US$42.0m in the third quarter of fiscal 2016. In the first nine months of fiscal 2017, net income increased 18% to US$132.3m up from US$111.9m in the first nine months of fiscal 2016. Operating income increased 9% to US$76.1m in the third quarter of fiscal 2017, up from US$69.9m in the third quarter of fiscal 2016. In the first nine months of fiscal 2017, operating income increased 15% to US$217.2m, up from US$189.3m in the first nine months of fiscal 2016. The Company’s consolidated operating margin was 19.4% and 19.6% in the third quarter of fiscal 2017 and 2016, respectively. The Company’s consolidated operating margin improved to 19.7% in the first nine months of fiscal 2017, up from 18.7% in the first nine months of fiscal 2016.