Heico Corporation (NYSE:HEI) reported fiscal third-quarter results on Monday that surpassed Wall Street expectations, driven by strong performance in its flight support division and contributions from recent acquisitions.
Shares of Heico climbed over 1% in premarket trading on Tuesday following the announcement.
The aerospace and electronics firm posted Q3 earnings per share of $1.26 on revenue of $1.15 billion, exceeding analyst forecasts of $1.12 per share and $1.11 billion in revenue.
The company’s Flight Support segment saw sales rise 18% to a record $802.7 million for the quarter, with Heico noting “continued growth and momentum in our aerospace aftermarket business.”
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