On the heels of a trio of acquisitions, Heico Corp. reported higher profits for the third fiscal quarter late Tuesday.
The niche technology company with headquarters in Hollywood reported net sales of $300.4 million for the quarter that ended July 31. That’s a 3 percent increase compared to the same time last year.
Profits were also up 3 percent to $33.4 million, the company said.
Heico manufactures replacement parts for airplanes as well as components for the space, defense, communications, medical and computer industries.
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The company said it expects net sales to increase 5 percent during fiscal 2015 and net income to grow about 8 percent.
Since the beginning of the month, Heico has acquired all or a majority of F-16 parts manufacturer Aerospace & Commercial Technologies; Midwest Microwave Solutions, a producer of communications and electronic intercept receivers and tuners; and Astroseal Products Manufacturing Corp., which makes expanded foil mesh for lightning strike protection in aircraft.