Operating income of the Flight Support Group increased 22% to $20.4 million for the first quarter of fiscal 2011, up from $16.7 million for the first quarter of fiscal 2010, reflecting the higher sales volumes.Operating margins of the Flight Support Group were 16.9% for the first quarter of fiscal 2011, compared to 17.8% reported for the first quarter of 2010. The decrease in the operating margin when compared to the first quarter of fiscal 2010 reflects the favorable impact from the sale in the first quarter of 2010 of some products previously written down as slow moving. However, operating margins for the first quarter of fiscal 2011 improved to 16.9% from 15.8% reported in the fourth quarter of fiscal 2010, principally reflecting the increased sales volumes.
HEICO Corporation Reports Record Sales, Operating Income, Net Income And EPS For First Quarter Of Fiscal 2011; Fiscal 2011 Full Year Sales And Net Income Estimates Raised
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