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Heico posted record Q1 earnings of $190.2 million, up 13%, on $1.18 billion in sales, driven by strong growth and acquisitions.
Heico reported record first-quarter net income of $190.2 million, a 13% increase from the prior year, with earnings per share of $1.35, surpassing estimates.
Net sales rose 14% to $1.18 billion, driven by strong organic growth and acquisitions, while operating income increased 15% to $259.9 million.
The Flight Support Group led gains with a 15% sales rise and 21% operating income growth.
Cash flow from operations declined to $178.6 million due to a large compensation distribution, though the company expects strong full-year cash flow.
Leverage ratios rose slightly after an acquisition, but Heico maintained its focus on strategic growth and long-term shareholder value.
Heico registró ganancias récord del primer trimestre de $ 190.2 millones, un aumento del 13%, con $ 1.18 mil millones en ventas, impulsadas por un fuerte crecimiento y adquisiciones.