Key Developments: Heico Corp (HEI)
52.42USD
18 Jun 2013
$0.12 (+0.23%)
$52.30
$52.54
$52.96
$52.15
154,105
134,285
$52.96
$34.01
Latest Key Developments (Source: Significant Developments)
HEICO Corp Increases Semi-Annual Cash Dividend 17%
Heico Corporation announced that its Board of Directors declared a regular semi-annual cash dividend of $.07 per share payable on both classes of common stock. The cash dividend is payable on July 22, 2013 to shareholders of record as of July 8, 2013. Full Article
HEICO Corp Raises FY 2013 Guidance
HEICO Corp announced that for fiscal 2013, it is increasing year-over-year growth in net sales to 8% - 10% and growth in net income to 11% - 13%, up from prior growth estimates of 6% - 8% in net sales and 9% - 11% in net income. The Company reported revenue of $897.35 million and net income of $85.15 million in fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $960.21 million and net income of $93.20 million for fiscal 2013. Full Article
HEICO Corp Raises FY 2013 Guidance
HEICO Corp announced that for fiscal 2013, it is increasing estimates of year-over-year growth in net sales to 6% - 8% and growth in net income to 9% - 11%, up from prior growth estimates of 5% - 7% in both net sales and net income. The Company reported revenue of $897.35 million and net income of $85.15 million in fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $963.55 million and net income of $92.96 million for fiscal 2013. Full Article
HEICO Corp Increases Special Dividend
HEICO Corp announced that its Board of Directors increased the previously announced special and extraordinary $1.14 per share cash dividend on both its Class A Common Stock and its Common Stock by $1.00 per share so that the total special dividend will now be $2.14 per share on both classes of common stock. The increased special and extraordinary $2.14 per share cash dividend will be paid together with the previously announced regular semi-annual $.06 per share cash dividend. The dividends will be paid in one payment, totaling $2.20 per share, on or before December 31, 2012 to shareholders of record on December 17, 2012. Full Article
HEICO Corp Declares Special And Regular Dividends Totaling $1.20 Per Share
HEICO Corp announced that its Board of Directors declared its regular semi-annual $.06 per share cash dividend, as well as a special and extraordinary $1.14 per share cash dividend on both its Class A Common Stock and its Common Stock. The dividends will be paid in one payment on December 21, 2012 to shareholders of record on December 10, 2012. Full Article
HEICO Corp's Flight Support Group Acquires Aircraft Component Repair Company
HEICO Corp announced that its Flight Support Group has acquired 80.1% of the assets and certain liabilities of Action Research Corporation of Greer, SC. Financial terms were not disclosed. Full Article
HEICO Corp Issues FY 2013 Guidance Above Analysts' Estimates
HEICO Corp announced that for fiscal 2013, it expects total net sales range of $1.600 billion to $1.615 billion and earnings of $2.10 to $2.20 per diluted share. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $999.07 million and EPS of $1.84 for fiscal 2013. Full Article
HEICO Corp Acquires Niche Aircraft Component Repair Company
HEICO Corp announced that its Flight Support Group has acquired 84% of the assets and certain liabilities of CSI Aerospace, Inc. Financial terms were not disclosed. Full Article
HEICO Corp Declares Semi-Annual Cash Dividend
HEICO Corp announced that its Board of Directors declared a regular semi-annual cash dividend of $.06 per share payable on both classes of common stock. The cash dividend is payable on July 23, 2012 to shareholders of record as of July 9, 2012. The cash dividend represents a 25% increase over the prior semi-annual per share amount of $.048 (as adjusted for the Company's 5 for 4 stock split distributed April 2012) Full Article
HEICO Corp Announces Executive Management Changes
HEICO Corp announced that as part of its management succession plans, Thomas S. Irwin, HEICO's Executive Vice President, Chief Financial Officer and Treasurer will be promoted to Senior Executive Vice President, and will continue as a member of the Office of the Chief Executive Officer and the Board of Directors of the Company's principal subsidiaries. In addition the Company announced that Carlos L. Macau has been appointed Executive Vice President, Chief Financial Officer and Treasurer effective June 1, 2012. Mr. Irwin will focus his attention principally on strategic matters and, for a period of time, the orderly transition of his Chief Financial Officer and Treasurer duties to Mr. Macau. Full Article
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