Aerospace and defense demand drove HEICO’s fiscal third-quarter revenue past Wall Street expectations at $1.41 billion.
HEICO reported fiscal third-quarter revenue of $1.41 billion, a 23% increase from the same period last year and above the $1.35 billion consensus estimate. The aerospace and electronics manufacturer attributed the growth to strong demand in its core markets.
The record revenue marks a continuation of HEICO’s upward trend, following prior quarters of steady growth. Analysts had anticipated a solid performance, but the company exceeded expectations with its highest quarterly revenue to date.
Shares of HEICO rose 1.4% in extended trading following the earnings release.