HEICO (NYSE:HEI) is likely to post a rise in revenue and earnings when it reports third-quarter results after the closing bell on Monday.
The aerospace and electronics company has already guided investors for net sales growth for the remainder of 2023 in both its operating segments - Flight Support and Electronics Technologies.
However, with the release of its 2Q results in May, it warned of continued inflationary pressures and lingering supply chain disruptions stemming from the COVID-19 pandemic, which it said may lead to higher material and labor costs.
Analysts have pencilled in revenue of $702 million for the three months to July 31, 2023, up 23% from a year earlier. Earnings per share are expected to be 20% higher at $0.72.
Ahead of its results, the company’s shares were up 0.7% at $166.78 in early Friday afternoon trading in New York.
Contact the author at stephen.gunnion@proactiveinvestors.com