Heico reports Q1 EPS 67c, consensus 69c

Reports Q1 revenue $620.9M, consensus $588.8M. Laurans A. Mendelson, CEO, commented on the Company’s first quarter results stating, "We are very pleased to report record quarterly consolidated net sales driven by record quarterly operating results at the Flight Support Group and from our fiscal 2022 and 2023 acquisitions within the Electronic Technologies Group. These results reflect 14% consolidated organic growth in our net sales principally arising from a continued rebound in demand for our commercial aerospace products and services."