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Thursday, August 26, 2010

Heico Reports Record Sales, Operating Income and Net Income for Q3

HEICO CORPORATION today reported that net income increased 34 percent to a record $14,930,000, or 44 cents per diluted share, for the third quarter of fiscal 2010, up from $11,132,000, or 33 cents per diluted share, for the third quarter of fiscal 2009. For the first nine months of fiscal 2010, net income increased 19% to a record $39,296,000, or $1.16 per diluted share, up from $32,990,000, or 98 cents per diluted share, for the first nine months of fiscal 2009, which included a $1.2 million, or 4 cents per diluted share, benefit from settling an income tax audit.


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