Heico Corporation (NYSE: HEI) reported fourth-quarter earnings that exceeded analyst expectations, supported by strong double-digit growth in both revenue and profit as demand across commercial aerospace markets remained robust, lifting shares more than 4% intra-day on Friday.

The aerospace and electronics supplier posted adjusted earnings of $1.33 per diluted share for its fiscal fourth quarter, topping analyst estimates of $1.21. Revenue rose 19% year over year to $1.21 billion, surpassing the consensus estimate of $1.17 billion.

Growth was led by Heico's Flight Support Group, which provides aftermarket parts and services to airlines. Segment sales increased 21% to $834.4 million, including 16% organic growth. The business marked its twenty-first consecutive quarter of sequential sales growth, reflecting sustained demand across all product categories.

The company's Electronic Technologies Group, which serves defense, space, and medical markets, reported a 14% increase in sales to $384.8 million, including 7% organic growth driven primarily by higher demand for defense, aerospace, and space-related products.

Operating margins improved to 23.1% during the quarter, compared with 21.6% a year earlier, reflecting stronger gross margins and improved operating efficiencies.