HEICO Corporation had a strong fiscal third quarter as its revenue rose 27% to a record $722.9 million and operating income increased 16% to $149.4 million.
The aftermarket has seen some big mergers recently, such as Heico’s purchase of Wencor. Editors discuss why mergers are picking up and the outlook for more.
Heico’s strategy has been affirmed by Fitch Ratings, which gave the PMA parts manufacturer investment grade status with its first rating of the company.