HEICO Q4 Profit Tops View - Quick Facts

(RTTNews) - HEICO Corp. (HEI), a maker of aerospace and defense-related products, Tuesday reported fourth-quarter net income attributable to the company of $29.8 million or $0.44 per share, compared to $23.8 million or $0.36 per share in the comparable quarter last year.

Net sales for the latest fourth quarter rose 19% to $287.43 million from $242.41 million a year ago.

On average, analysts polled by Thomson Reuters estimated earnings of $0.41 per share on revenues of $273.43 million for the quarter. Analysts' estimates typically exclude special items.

Looking forward to fiscal 2014, Heico said based on its current economic visibility, it estimates year-over-year growth in net sales for fiscal 2014 of 12% - 14% and growth in net income of 8% - 10% over fiscal 2013.