HEICO Corporation Provides Earnings Guidance for the Fiscal Year 2020
December 17, 2019 at 02:45 am IST
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As HEICO Corporation look ahead to fiscal 2020, it anticipate net sales growth within the Flight Support Group and the Electronic Technologies Group resulting from increased demand across the majority of its product lines. Also, the company will continue its commitments to developing new products and services, further market penetration, and pursuing an aggressive acquisition strategy while maintaining its financial strength and flexibility. Based on its current economic visibility, the company believe fiscal 2020 will be another record year. The company currently estimating approximately 13% - 14% growth in full year net income and 6% - 8% growth in full year net sales over fiscal 2019 levels.
HEICO Corporation is a manufacturer of jet engine and aircraft component replacement parts. The Companyâs segments include Flight Support Group (FSG) and Electronic Technologies Group (ETG). FSG segment consists of HEICO Aerospace Holdings Corp. and HEICO Flight Support Corp. and their subsidiaries. FSG uses technology to design and manufacture jet engine and aircraft component replacement parts. FSG repairs, overhauls and distributes jet engine and aircraft components, avionics and instruments for domestic and foreign commercial air carriers and aircraft repair companies, as well as military and business aircraft operators. ETG segment consists of HEICO Electronic Technologies Corp. and its subsidiaries. ETG designs, manufactures and sells various types of electronic, data and microwave, and electro-optical products, including infrared simulation and test equipment, laser rangefinder receivers, electrical power supplies, back-up power supplies and others.