Business Services Industry
Hollywood, Fla.-Based Airplane Parts Firm Makes Income of $3.9 Million.
Knight Ridder/Tribune Business News, May, 2002
By Doreen Hemlock, South Florida Sun-Sentinel Knight Ridder/Tribune Business News
May 29--The airline industry remains gloomy these days, but Hollywood-based parts manufacturer Heico Corp. on Tuesday posted profits yet again, citing a growing portfolio of products and a shift into more military-related sales.
The company also forecast better news mid-term, predicting profits will rise 25 to 40 percent in the second half of this fiscal year and announcing a deal with UAL Corp.'s United Airlines that could generate up to $150 million in parts sales over the next seven years.
For the quarter ended April 30, Heico said it posted $3.9 million, or 18 cents a share, in net income. That's down 23 percent from $4.8 million, or 22 cents a share,...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
