HEICO Corporation operating profit up 3.5% in 3QFY2014, record net sales

HEICO Corporation revenue up 9% - financial highlights for three months ended 30-Jun-2014:

• Revenue: USD291.0 million, +8.9% year-on-year;
• • Flight Support Group: USD191.6 million, +5.6%;
• Operating profit: USD50.1 million, +3.5%;
• • Flight Support Group: USD34.2 million, +4.9%;
• Net profit: USD33.4 million, +15.3%;
• Total assets: USD1507 million;
• Cash and cash equivalents: USD20.9 million;
• Total liabilities: USD723.7 million. [more - original PR]

HEICO Corporation: "As we look ahead to the remainder of fiscal 2014, we continue to anticipate growth within the Flight Support Group's commercial aerospace aftermarket replacement parts and repair and overhaul services product lines, partially offset by declines in defense products within our specialty products lines," Laurans Mendelson, Chairman and CEO. Source: Company statement, 26-Aug-2014.