Heico (HEI), on Tuesday, reported Q2 revenue $1.1B, consensus $1.06B. Laurans A. Mendelson, HEICO’s Executive Chairman, along with Co-CEOs Eric A. Mendelson and Victor H. Mendelson, commented on the company’s second quarter results stating, “We are very pleased to report record quarterly operating income and net sales, driven primarily by double-digit consolidated organic net sales growth. This performance mainly reflects strong organic net sales growth across all product lines of the Flight Support Group and double-digit organic net sales growth for the Electronic Technologies Group’s space and aerospace products.”
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HEI:
- Heico price target raised to $306 from $264 at UBS
- HEICO Corporation Reports Strong Q2 Earnings Growth
- HEI Earnings: Heico Announces Record Results and Reaffirms Guidance
- HEICO’s Balanced Performance: Strong Earnings with Cautionary Hold Rating
- HEICO’s Strong Financial Performance and Growth Potential Justifies Buy Rating
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue