HEICO reports net income for the first quarter of fiscal 2015

HEICO reported net income of US$27.6m in the first quarter of fiscal 2015, up from US$27.5m year on year. Operating income totaled US$46.4m in the first quarter from US$50.4m last year. The company’s consolidated operating margin was 17.3% from  18.9%. Net sales increased by 1% to US$268.2m in the first quarter form US$266.8m for the quarter last year.