Heico Corp
Article Abstract:
Aircraft engine manufacturer Heico Corp's January first-quarter sales dropped to $5.4 million from $6.3 million, reducing its earnings to $246,000 (11 cents a share) from $549,000 (21 cents). The company attributes its loss to its MediTek Health Corp.'s startup costs, its Jet Avion division's low demand and current litigation expenses amounting to at least $100 million. Chmn and CEO Laurans Mendelson expressed optimism over Jet Avion's improved profits despite a low demand for engine spare parts in the airline industry. Heico launched a stock repurchase program in 1990 and has since recovered one million shares.
Publication Name: The Insiders' Chronicle
Subject: Business
ISSN: 0162-5152
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
MGIC Investment Corp
Article Abstract:
MGIC Investment Corp's (MGIC) maintains its Buy rating, after registering a 35% increase in transactions in 1991, with operating costs only up by 15%. Analysts also cite the consistent quarterly volume growth in 1991. The Milwaukee-based mortgage insurer's excellent performance is attributed to increased demand for insurance, lower house prices, relaxed regulations, financial support and tax relief. Robert W. Baird Co increases earnings estimates from $2.68 to $3 for 1992 and $3.50 in 1993.
Publication Name: The Insiders' Chronicle
Subject: Business
ISSN: 0162-5152
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Ethyl Corp. Universal Foods Corp. Rite Aid Corp
- Abstracts: Florida Progress Corp. Entergy Corp. California Energy Co., Inc
- Abstracts: Blockbuster Entertainment Corp. Comcoa Inc
- Abstracts: The legislative legacy. From committee to board. Demystifying the Emerging Issues Committee
- Abstracts: What constitutes reasonable care? In whose interest? Hot-potato cleanup