Europe
Heico Shares Gain After Higher-Than-Expected Q1 Earnings
Heico shares rose 13% to $256.04, marking the biggest one-day gain in five years.
• The company’s Q1 earnings were $168 million, beating analysts’ expectations.
• Sales for the quarter were $1.03 billion, compared to last year’s $896.4 million and analysts’ expectations of $979.7 million.
• Sales at Heico’s flight support group increased by 15% to $713.2 million, due to strong organic growth and benefits from 2024 and 2025 acquisitions.
• Sales at Heico’s electronic technologies group increased by 16% to $330.3 million, due to increased space, defence, and aerospace product sales.
