HEICO Corporation Reports Strong Operating Cash Flows in the First Quarter of Fiscal 2021; Up 32%

HOLLYWOOD, Fla. & MIAMI–(BUSINESS WIRE)–HEICO Corporation (NYSE: HEI.A) (NYSE: HEI) today reported net income of $70.6 million, or $.51 per diluted share, in the first quarter of fiscal 2021, as compared to $121.9 million, or $.89 per diluted share, in the first quarter of fiscal 2020. Net income, operating income and net sales in the first quarter of fiscal 2021 were adversely affected by the COVID-19 global pandemic as discussed below. Operating income was $80.3 million in the first quarter

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