HEICO Corporation reported its third-quarter fiscal 2024 earnings, revealing a net income increase of 34% to a record $136.6 million, equating to $0.97 per diluted share. Revenue reached $992.2 million, marking a 37% year-over-year growth, although it fell short of analysts' expectations by approximately $2.53 million. The company highlighted a significant quarterly increase in net sales of 68% and operating income of 72% compared to the third quarter of fiscal 2023. This growth was largely driven by a robust 15% organic net sales increase. Analysts had estimated revenue of $994.78 million and earnings per share of $0.92 for the quarter. HEICO's stock was down 1.5% in pre-market trading following the earnings release.