HEI - Heico Tops Q3 Earnings Estimates; Warns On Higher Material And Labor Costs | Benzinga
Heico Corp (NYSE: HEI) reported a Q3 FY23 revenue increase of 27% Y/Y to $722.9 million, beating the consensus of $701.7 million.
Organic revenue rose 12% Y/Y on continued strong demand for commercial aerospace products and services and the contributions from FY23 and FY22 acquisitions.
Revenue from Flight Support Group (FTG) rose 23% Y/Y to $405.0 million, and Electronic Technologies Group (ETG) increased 33% Y/Y to $325.9 million in the quarter.
Operating income grew 16% Y/Y to $149.4 million, with an operating margin of ...