HEICO Corp (HEI)

HEICO Corporation Acquires Key Supplier of Armored Vehicle Track SystemsJune 3, 2026 8:30 AM
ACCESS NewswireMIAMI, FL AND STANHOPE, UK / ACCESS Newswire / June 3, 2026 / HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) today announced that its Flight Support Group has acquired Cook Defence Systems and related entities ("Cook Defence" or the "Company") to form HEICO-Cook Defence ("HCD"). HEICO owns 80% of HCD, with the selling entity, William Cook Holdings, retaining 20% ownership. Managing Director William Cook will continue to lead the Company's operations along with the existing management team. Transaction terms and financial details were not disclosed.HEICO stated that it expects the acquisitions to be accretive to its earnings within the year following closing.Cook Defence Systems is an independent designer and manufacturer of track systems for armored fighting vehicles. The Company is a long-standing supplier to national ministries of defense and a key partner to leading global defense original equipment manufacturers, supporting both new vehicle production and long-term aftermarket replacement demand. Its products are deployed across a large fleet of in-service vehicles and have been selected for many next-generation platforms currently in development or production. As a result, Cook Defence Systems remains indispensable to credible deterrence and warfighting capabilities for NATO and allied nations.The Company is an acknowledged specialist in the design, testing, manufacture, and supply of mission-critical systems comprising tracks, sprockets, running gear and associated components.Created in its current form in 1994 by Sir Andrew Cook CBE and operating from a purpose-built facility in Stanhope, UK with a workforce of approximately 130 Team Members, Cook Defence Systems has developed proprietary engineering and manufacturing capabilities that position it as a critical link in the global defense supply chain. Notably, most of Cook Defence Systems' revenue is derived outside the United States and allows HEICO added international growth opportunities.Eric A. Mendelson and Victor H. Mendelson, HEICO's Co-Chairmen and Co-Chief Executive Officers, jointly commented: "Cook Defence represents a distinctive addition to HEICO, with many of the attractive attributes we look for in our businesses. The Company has established strong relationships across leading defense OEMs and government customers across multiple critical armored vehicle platforms. Cook's proprietary technology, consistent aftermarket demand, and exposure to increasing global defense spending position it well for continued growth and long-term value creation. We are pleased to welcome William Cook and his team to the HEICO family."William Cook and Sir Andrew Cook CBE, Chairman of William Cook Holdings, jointly commented, "We are proud to have built Cook Defence Systems into a trusted partner to governments, armies and armoured vehicle manufacturers worldwide. In HEICO, we have found a long-term partner that values our independence, supports our growth ambitions, and shares our commitment to engineering excellence, quality, and service. We are confident about the future of Cook Defence Systems under the joint ownership of HEICO and William Cook Holdings."HEICO Corporation is engaged primarily in the design, production, servicing and distribution of products and services to certain niche segments of the aviation, defense, space, medical, telecommunications and electronics industries through its Hollywood, Florida-based Flight Support Group and its Miami, Florida-based Electronic Technologies Group. HEICO's customers include a majority of the world's airlines and overhaul shops, as well as numerous defense and space contractors and military agencies worldwide, in addition to medical, telecommunications and electronics equipment manufacturers. For more information about HEICO, please visit our website at https://www.heico.com.Certain statements in this press release constitute forward-looking statements, which are subject to risks, uncertainties and contingencies. HEICO's actual results may differ materially from those expressed in or implied by those forward-looking statements. Factors that could cause such differences include, among others: the severity, magnitude and duration of public health threats; our liquidity and the amount and timing of cash generation; lower commercial air travel, airline fleet changes or airline purchasing decisions, which could cause lower demand for our goods and services; product specification costs and requirements, which could cause an increase to our costs to complete contracts; governmental and regulatory demands, export policies and restrictions, reductions in defense, space or homeland security spending by U.S. and/or foreign customers or competition from existing and new competitors, which could reduce our sales; our ability to introduce new products and services at profitable pricing levels, which could reduce our sales or sales growth; product development or manufacturing difficulties, which could increase our product development and manufacturing costs and delay sales; cybersecurity events or other disruptions of information technology systems could adversely affect our business; our ability to make acquisitions, including obtaining any applicable domestic and/or foreign governmental approvals, and achieve operating synergies from acquired businesses; customer credit risk; interest, foreign currency exchange and income tax rates; economic conditions, including the effects of inflation, within and outside of the aviation, defense, space, medical, telecommunications and electronics industries, which could negatively impact our costs and revenues; and defense spending or budget cuts, which could reduce our defense-related revenue. Parties receiving this material are encouraged to review all of HEICO's filings with the Securities and Exchange Commission, including, but not limited to filings on Form 10-K, Form 10-Q and Form 8-K. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.Contact: Eric A. Mendelson (954) 744-7550Carlos L. Macau, Jr. (954) 744-7562SOURCE: HEICO CorporationView the original press release on ACCESS NewswireOriginal: HEICO Corporation Acquires Key Supplier of Armored Vehicle Track Systems

HEICO Corporation Reports Record Net Income (Up 49%) On Record Operating Income (Up 41%) and Record Net Sales (Up 25%) for the Second Quarter of Fiscal 2026May 27, 2026 4:15 PM
ACCESS NewswireConsolidated Quarterly Organic Net Sales Growth exceeds 18%HOLLYWOOD, FL AND MIAMI, FL / ACCESS Newswire / May 27, 2026 / HEICO CORPORATION (NYSE:HEI.A)(NYSE:HEI) today reported an increase in net income of 49% to a record $233.8 million, or $1.66 per diluted share, in the second quarter of fiscal 2026, up from $156.8 million, or $1.12 per diluted share, in the second quarter of fiscal 2025. Net income increased 31% to a record $424.0 million, or $3.01 per diluted share, in the first six months of fiscal 2026, up from $324.7 million, or $2.31 per diluted share, in the first six months of fiscal 2025.Net sales increased 25% to a record $1,375.7 million in the second quarter of fiscal 2026, up from $1,097.8 million in the second quarter of fiscal 2025. Operating income increased 41% to a record $350.4 million in the second quarter of fiscal 2026, up from $248.2 million in the second quarter of fiscal 2025. The Company's consolidated operating margin improved to 25.5% in the second quarter of fiscal 2026, up from 22.6% in the second quarter of fiscal 2025.Net sales increased 20% to a record $2,554.3 million in the first six months of fiscal 2026, up from $2,128.0 million in the first six months of fiscal 2025. Operating income increased 29% to a record $610.3 million in the first six months of fiscal 2026, up from $475.0 million in the first six months of fiscal 2025. The Company's consolidated operating margin improved to 23.9% in the first six months of fiscal 2026, up from 22.3% in the first six months of fiscal 2025.EBITDA increased 37% to $408.3 million in the second quarter of fiscal 2026, up from $297.7 million in the second quarter of fiscal 2025. EBITDA increased 26% to $720.3 million in the first six months of fiscal 2026, up from $571.6 million in the first six months of fiscal 2025. See our reconciliation of net income attributable to HEICO to EBITDA at the end of this press release.Consolidated ResultsEric A. Mendelson and Victor H. Mendelson, HEICO's Co-Chairmen and Co-Chief Executive Officers, commented on the Company's second quarter results stating, "Reporting yet another period of record results, HEICO's record quarterly net income, operating income and net sales were driven by 18% consolidated organic net sales growth and contributions by our profitable fiscal 2026 and 2025 acquisitions.Cash flow provided by operating activities increased 43% to $292.0 million in the second quarter of fiscal 2026, up from $204.7 million in the second quarter of fiscal 2025. We continue to forecast strong cash flow from operations for fiscal 2026.Our total debt to net income attributable to HEICO ratio was 3.28x as of April 30, 2026, as compared to 3.14x as of October 31, 2025. Our net debt to EBITDA ratio was 1.74x as of April 30, 2026, as compared to 1.60x as of October 31, 2025. The increase in our leverage ratios in the first six months of fiscal 2026 is a result of our successful completion of four acquisitions, two by the Flight Support Group and two by the Electronic Technologies Group. See our reconciliation of total debt to net debt at the end of this press release.For the remainder of fiscal 2026, we expect increased net sales at both the Flight Support Group and Electronic Technologies Group supported by underlying demand for our products and contributions from recent acquisitions. We intend to continue evaluating acquisition opportunities that are consistent with our strategic objectives. Our capital allocation approach remains opportunistic, focused on balancing organic growth with accretive acquisitions while maintaining liquidity and financial flexibility."Flight Support GroupThe Flight Support Group achieved record quarterly net sales and operating income in the second quarter of fiscal 2026, with net sales and operating income increasing 21% and 31%, respectively, as compared to the second quarter of fiscal 2025. These results reflect strong double-digit organic net sales growth across all of the Flight Support Group's product lines, as well as the contributions from our fiscal 2026 acquisitions.The Flight Support Group's net sales increased 21% to a record $929.4 million in the second quarter of fiscal 2026, up from $767.1 million in the second quarter of fiscal 2025. The net sales increase in the second quarter of fiscal 2026 resulted from strong organic growth of 19%, as well as the impact from our fiscal 2026 acquisitions. The organic net sales growth in the second quarter of fiscal 2026 reflects increased demand across all of our product lines.The Flight Support Group's net sales increased 18% to a record $1,749.4 million in the first six months of fiscal 2026, up from $1,480.2 million in the first six months of fiscal 2025. The net sales increase in the first six months of fiscal 2026 resulted from robust organic growth of 16%, as well as the impact from our fiscal 2025 and 2026 acquisitions. The organic net sales growth in the first six months of fiscal 2026 reflects increased demand across all of our product lines.The Flight Support Group's operating income increased 31% to a record $243.1 million in the second quarter of fiscal 2026, up from $185.0 million in the second quarter of fiscal 2025. The Flight Support Group's operating income increased 26% to a record $443.8 million in the first six months of fiscal 2026, up from $351.1 million in the first six months of fiscal 2025. The operating income increase in the second quarter and first six months of fiscal 2026 principally reflects the previously mentioned net sales growth, selling, general and administrative ("SG&A") expense efficiencies realized from the net sales growth, and an improved gross profit margin. The improved gross profit margin in the second quarter and first six months of fiscal 2026 was principally driven by a more favorable product mix and higher net sales volumes within our aftermarket replacement parts product line.The Flight Support Group's operating margin improved to 26.2% in the second quarter of fiscal 2026, up from 24.1% in the second quarter of fiscal 2025. The Flight Support Group's operating margin improved to 25.4% in the first six months of fiscal 2026, up from 23.7% in the first six months of fiscal 2025. The operating margin increase in the second quarter and first six months of fiscal 2026 reflects decreased SG&A expenses as a percentage of net sales, primarily driven by the previously mentioned SG&A expense efficiencies, and the previously mentioned improved gross profit margin.Electronic Technologies GroupThe Electronic Technologies Group achieved record quarterly net sales and operating income in the second quarter of fiscal 2026, with net sales and operating income improving 34% and 56%, respectively, as compared to the second quarter of fiscal 2025. These exceptional results principally resulted from strong organic net sales growth and contributions from our fiscal 2026 and 2025 acquisitions, driven by broad-based improved demand for most of the Electronic Technologies Group's products.The Electronic Technologies Group's net sales increased 34% to a record $459.5 million in the second quarter of fiscal 2026, up from $342.2 million in the second quarter of fiscal 2025. The net sales increase reflects strong organic growth of 17% and the impact from our fiscal 2026 and 2025 acquisitions. The organic net sales growth is mainly attributable to increased demand for our other electronics, defense, aerospace, and space products.The Electronic Technologies Group's net sales increased 23% to a record $830.2 million in the first six months of fiscal 2026, up from $672.5 million in the first six months of fiscal 2025. The net sales increase came from strong organic growth of 12% and the impact from our fiscal 2025 and 2026 acquisitions. The organic net sales growth is mainly attributable to increased demand for our other electronics, aerospace, and defense products.The Electronic Technologies Group's operating income increased 56% to a record $121.8 million in the second quarter of fiscal 2026, up from $77.9 million in the second quarter of fiscal 2025. The operating income increase principally reflects the previously mentioned net sales growth, an improved gross profit margin, and SG&A expense efficiencies realized from the net sales growth. The improved gross profit margin principally reflects the previously mentioned higher net sales and a more favorable product mix of our aerospace products.The Electronic Technologies Group's operating income increased 26% to a record $195.1 million in the first six months of fiscal 2026, up from $154.3 million in the first six months of fiscal 2025. The operating income increase principally reflects the previously mentioned net sales growth and SG&A expense efficiencies realized from the net sales growth.The Electronic Technologies Group's operating margin improved to 26.5% in the second quarter of fiscal 2026, up from 22.8% in the second quarter of fiscal 2025. The operating margin increase reflects the previously mentioned improved gross profit margin and decreased SG&A expenses as a percentage of net sales, primarily driven by the previously mentioned SG&A expense efficiencies.The Electronic Technologies Group's operating margin improved to 23.5% in the first six months of fiscal 2026, up from 23.0% in the first six months of fiscal 2025. The increased operating margin principally resulted from decreased SG&A expenses as a percentage of net sales, primarily driven by the previously mentioned SG&A expense efficiencies.Non-GAAP Financial MeasuresTo provide additional information about the Company's results, HEICO has discussed in this press release its EBITDA (calculated as net income attributable to HEICO adjusted for depreciation and amortization expense, net income attributable to noncontrolling interests, interest expense and income tax expense), its net debt (calculated as total debt less cash and cash equivalents), and its net debt to EBITDA ratio (calculated as net debt divided by EBITDA), which are not prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP").These non-GAAP measures are included to supplement the Company's financial information presented in accordance with GAAP and because the Company uses such measures to monitor and evaluate the performance of its business and believes the presentation of these measures enhance an investor's ability to analyze trends in the Company's business and to evaluate the Company's performance relative to other companies in its industry. However, these non-GAAP measures have limitations and should not be considered in isolation or as a substitute for analysis of the Company's financial results as reported under GAAP.These non-GAAP measures are not in accordance with, or an alternative to, measures prepared in accordance with GAAP and may be different from non-GAAP measures used by other companies. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. These measures should only be used to evaluate the Company's results of operations in conjunction with their corresponding GAAP measures. Pursuant to the requirements of Regulation G of the Securities and Exchange Act of 1934, the Company has provided a reconciliation of these non-GAAP measures in the last table included in this press release.(NOTE: HEICO has two classes of common stock traded on the NYSE. Both classes, the Class A Common Stock (HEI.A) and the Common Stock (HEI), are virtually identical in all economic respects. The only difference between the share classes is the voting rights. The Class A Common Stock (HEI.A) carries 1/10 vote per share and the Common Stock (HEI) carries one vote per share.)There are currently approximately 84.5 million shares of HEICO's Class A Common Stock (HEI.A) outstanding and 55.2 million shares of HEICO's Common Stock (HEI) outstanding. The stock symbols for HEICO's two classes of common stock on most websites are HEI.A and HEI. However, some websites change HEICO's Class A Common Stock trading symbol (HEI.A) to HEI/A or HEIa.As previously announced, HEICO will hold a conference call on Thursday, May 28, 2026 at 9:00 a.m. Eastern Daylight Time to discuss its second quarter results. Individuals wishing to participate in the conference call should dial: US and Canada (800) 330-6710, International (646) 769-9200, wait for the conference operator and provide the operator with the Conference ID 1509611. A digital replay will be available two hours after the completion of the conference for 14 days. To access the replay, please visit our website at https://www.heico.com under the Investors section for details.HEICO Corporation is engaged primarily in the design, production, servicing and distribution of products and services to certain niche segments of the aviation, defense, space, medical, telecommunications and electronics industries through its Hollywood, Florida-based Flight Support Group and its Miami, Florida-based Electronic Technologies Group. HEICO's customers include a majority of the world's airlines and overhaul shops, as well as numerous defense and space contractors and military agencies worldwide, in addition to medical, telecommunications and electronics equipment manufacturers. For more information about HEICO, please visit our website at https://www.heico.com.Certain statements in this press release constitute forward-looking statements, which are subject to risks, uncertainties and contingencies. HEICO's actual results may differ materially from those expressed in or implied by those forward-looking statements. Factors that could cause such differences include, among others: the severity, magnitude and duration of public health threats; our liquidity and the amount and timing of cash generation; lower commercial air travel, airline fleet changes or airline purchasing decisions, which could cause lower demand for our goods and services; product specification costs and requirements, which could cause an increase in our costs to complete contracts; governmental and regulatory demands, export policies and restrictions, reductions in defense, space or homeland security spending by U.S. and/or foreign customers or competition from existing and new competitors, which could reduce our sales; our ability to introduce new products and services at profitable pricing levels, which could reduce our sales or sales growth; product development or manufacturing difficulties, which could increase our product development and manufacturing costs and delay sales; cybersecurity events or other disruptions of our information technology systems could adversely affect our business; and our ability to make acquisitions, including obtaining any applicable domestic and/or foreign governmental approvals, and achieve operating synergies from acquired businesses; customer credit risk; interest, foreign currency exchange and income tax rates; and economic conditions, including the effects of inflation, within and outside of the aviation, defense, space, medical, telecommunications and electronics industries, which could negatively impact our costs and revenues. Parties receiving this material are encouraged to review all of HEICO's filings with the Securities and Exchange Commission including, but not limited to filings on Form 10-K, Form 10-Q and Form 8-K. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.HEICO CORPORATION
Condensed Consolidated Statements of Operations (Unaudited)
(in thousands, except per share data) Three Months Ended April 30, 2026 2025 Net sales $1,375,713 $1,097,820 Cost of sales 806,188 660,016 Selling, general and administrative expenses 219,088 189,652 Operating income 350,437 248,152 Interest expense (34,161) (32,865)Other income 1,254 636 Income before income taxes and noncontrolling interests 317,530 215,923 Income tax expense 67,200 45,400 Net income from consolidated operations 250,330 170,523 Less: Net income attributable to noncontrolling interests 16,529 13,730 Net income attributable to HEICO $233,801 $156,793 Net income per share attributable to HEICO shareholders: Basic $1.68 $1.13 Diluted $1.66 $1.12 Weighted average number of common shares outstanding: Basic 139,561 139,005 Diluted 141,068 140,599 Three Months Ended April 30, 2026 2025 Operating segment information: Net sales: Flight Support Group $929,427 $767,070 Electronic Technologies Group 459,532 342,167 Intersegment sales (13,246) (11,417) $1,375,713 $1,097,820 Operating income: Flight Support Group $243,064 $184,980 Electronic Technologies Group 121,809 77,880 Other, primarily corporate (14,436) (14,708) $350,437 $248,152 Depreciation and amortization: Flight Support Group $29,891 $28,449 Electronic Technologies Group 25,916 19,537 Other, primarily corporate 827 891 $56,634(c) $48,877(c)HEICO CORPORATION
Condensed Consolidated Statements of Operations (Unaudited)
(in thousands, except per share data) Six Months Ended April 30, 2026 2025 Net sales $2,554,295 $2,128,042 Cost of sales 1,529,806 1,284,576 Selling, general and administrative expenses 414,153 368,509 Operating income 610,336 474,957 Interest expense (63,647) (65,323)Other income 2,298 1,555 Income before income taxes and noncontrolling interests 548,987 411,189 Income tax expense 93,900(a) 59,100(b)Net income from consolidated operations 455,087 352,089 Less: Net income attributable to noncontrolling interests 31,098 27,341 Net income attributable to HEICO $423,989(a) $324,748(b) Net income per share attributable to HEICO shareholders: Basic $3.04(a) $2.34(b)Diluted $3.01(a) $2.31(b) Weighted average number of common shares outstanding: Basic 139,464 138,921 Diluted 141,049 140,541 Six Months Ended April 30, 2026 2025 Operating segment information: Net sales: Flight Support Group $1,749,427 $1,480,244 Electronic Technologies Group 830,207 672,482 Intersegment sales (25,339) (24,684) $2,554,295 $2,128,042 Operating income: Flight Support Group $443,797 $351,096 Electronic Technologies Group 195,055 154,336 Other, primarily corporate (28,516) (30,475) $610,336 $474,957 Depreciation and amortization: Flight Support Group $57,766 $54,281 Electronic Technologies Group 48,200 39,037 Other, primarily corporate 1,676 1,784 $107,642(c) $95,102(c)HEICO CORPORATION
Footnotes to Condensed Consolidated Statements of Operations (Unaudited)During the first quarter of fiscal 2026, the Company recognized a $22.3 million discrete tax benefit from stock option exercises, which, net of noncontrolling interests, increased net income attributable to HEICO by $21.8 million, or $.16 per basic share and $.15 per diluted share.During the first quarter of fiscal 2025, the Company recognized a $27.2 million discrete tax benefit from stock option exercises, which, net of noncontrolling interests, increased net income attributable to HEICO by $26.5 million, or $.19 per basic and diluted share.Depreciation and amortization information on the Company's two operating segments for the three and six months ended April 30, 2026 and 2025, is as follows (in thousands): Three Months Ended April 30, Six Months Ended April 30, 2026 2025 2026 2025 Depreciation: Flight Support Group $7,257 $6,609 $14,038 $13,187 Electronic Technologies Group 7,162 6,061 14,085 12,030 Other, primarily corporate 434 498 891 999 $14,853 $13,168 $29,014 $26,216 Amortization: Flight Support Group $22,634 $21,840 $43,728 $41,094 Electronic Technologies Group 18,754 13,476 34,115 27,007 Other, primarily corporate 393 393 785 785 $41,781 $35,709 $78,628 $68,886 HEICO CORPORATION
Condensed Consolidated Balance Sheets (Unaudited)
(in thousands) April 30, 2026 October 31, 2025 Cash and cash equivalents $210,335 $217,781 Accounts receivable, net 734,955 637,615 Contract assets 131,590 119,257 Inventories, net 1,410,527 1,295,336 Prepaid expenses and other current assets 149,069 86,377 Total current assets 2,636,476 2,356,366 Property, plant and equipment, net 462,831 431,710 Goodwill 4,197,386 3,661,624 Intangible assets, net 1,715,157 1,471,440 Other assets 580,363 579,294 Total assets $9,592,213 $8,500,434 Current maturities of long-term debt $3,402 $3,358 Other current liabilities 900,180 828,646 Total current liabilities 903,582 832,004 Long-term debt, net of current maturities 2,583,888 2,164,587 Deferred income taxes 164,584 107,186 Other long-term liabilities 548,588 550,124 Total liabilities 4,200,642 3,653,901 Redeemable noncontrolling interests 536,654 467,358 Shareholders' equity 4,854,917 4,379,175 Total liabilities and equity $9,592,213 $8,500,434 HEICO CORPORATION
Condensed Consolidated Statements of Cash Flows (Unaudited)
(in thousands) Six Months Ended April 30, 2026 2025 Operating Activities: Net income from consolidated operations $455,087 $352,089 Depreciation and amortization 107,642 95,102 Share-based compensation expense 22,517 10,671 Deferred income tax provision (benefit) 11,801 (17,940)Employer contributions to HEICO Savings and Investment Plan 10,474 8,500 Increase in accrued contingent consideration, net 4,502 6,766 Payment of contingent consideration - (2,190)Increase in accounts receivable (65,133) (40,361)Increase in contract assets (6,300) (12,319)Increase in inventories (40,463) (46,134)(Decrease) increase in current liabilities, net (38,223) 526 Other 8,666 53,019 Net cash provided by operating activities 470,570 407,729 Investing Activities: Acquisitions, net of cash acquired (821,269) (286,161)Capital expenditures (31,546) (33,299)Investments related to HEICO Leadership Compensation Plan (16,800) (17,700)Proceeds from corporate-owned life insurance policy withdrawals 22,654 - Other (3,995) (2,599)Net cash used in investing activities (850,956) (339,759) Financing Activities: Borrowings on revolving credit facility, net 420,000 50,000 Cash dividends paid (16,724) (15,272)Distributions to noncontrolling interests (16,364) (17,563)Acquisitions of noncontrolling interests (12,414) (4,205)Redemptions of common stock related to stock option exercises (4,813) (1,415)Payment of contingent consideration - (5,954)Proceeds from stock option exercises 3,843 5,786 Other (1,642) (2,114)Net cash provided by financing activities 371,886 9,263 Effect of exchange rate changes on cash 1,054 2,973 Net (decrease) increase in cash and cash equivalents (7,446) 80,206 Cash and cash equivalents at beginning of year 217,781 162,103 Cash and cash equivalents at end of period $210,335 $242,309 HEICO CORPORATION
Non-GAAP Financial Measures (Unaudited)
(in thousands, except ratios) Three Months Ended April 30, EBITDA Calculation 2026 2025 Net income attributable to HEICO $233,801 $156,793 Plus: Depreciation and amortization 56,634 48,877 Plus: Net income attributable to noncontrolling interests 16,529 13,730 Plus: Interest expense 34,161 32,865 Plus: Income tax expense 67,200 45,400 EBITDA (a) $408,325 $297,665 Six Months Ended April 30, EBITDA Calculation 2026 2025 Net income attributable to HEICO $423,989 $324,748 Plus: Depreciation and amortization 107,642 95,102 Plus: Net income attributable to noncontrolling interests 31,098 27,341 Plus: Interest expense 63,647 65,323 Plus: Income tax expense 93,900 59,100 EBITDA (a) $720,276 $571,614 Trailing Twelve Months Ended EBITDA Calculation April 30, 2026 October 31, 2025 Net income attributable to HEICO $789,626 $690,385 Plus: Depreciation and amortization 208,616 196,076 Plus: Net income attributable to noncontrolling interests 58,926 55,169 Plus: Interest expense 128,201 129,877 Plus: Income tax expense 182,800 148,000 EBITDA (a) $1,368,169 $1,219,507 Net Debt Calculation April 30, 2026 October 31, 2025 Total debt $2,587,290 $2,167,945 Less: Cash and cash equivalents (210,335) (217,781)Net debt (a) $2,376,955 $1,950,164 Total debt $2,587,290 $2,167,945 Net income attributable to HEICO (trailing twelve months) $789,626 $690,385 Total debt to net income attributable to HEICO ratio 3.28 3.14 Net debt $2,376,955 $1,950,164 EBITDA (trailing twelve months) $1,368,169 $1,219,507 Net debt to EBITDA ratio (a) 1.74 1.60 (a) See the "Non-GAAP Financial Measures" section of this press release. Contact:Victor H. Mendelson (305) 374-1745 ext. 7590
Carlos L. Macau, Jr. (954) 987-4000 ext. 7570SOURCE: HEICO CorporationView the original press release on ACCESS NewswireOriginal: HEICO Corporation Reports Record Net Income (Up 49%) On Record Operating Income (Up 41%) and Record Net Sales (Up 25%) for the Second Quarter of Fiscal 2026

HEICO Corporation Announces Regular Quarterly Conference CallMay 6, 2026 4:15 PM
ACCESS NewswireHOLLYWOOD, FL AND MIAMI, FL / ACCESS Newswire / May 6, 2026 / On May 27, 2026, after the NYSE closing, HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) will release its financial results for the second quarter ended April 30, 2026. The earnings release will be available through the Internet on the Company's website at https://www.heico.com.In order to assist interested parties in scheduling their participation in HEICO teleconferences, the Company issues advance notices of conference calls.HEICO will hold a conference call on Thursday, May 28 at 9:00 a.m. Eastern Daylight Time to discuss its second quarter results. Individuals wishing to participate in the conference call should dial: US and Canada (800) 330-6710, International (646) 769-9200, wait for the conference operator and provide the operator with the Conference ID 1509611. A digital replay will be available two hours after the completion of the conference call for 14 days. To access the replay, please visit our website at https://www.heico.com under the Investors section for details.The Company has two classes of common stock traded on the NYSE. Both classes, the Common Stock (HEI) and the Class A Common Stock (HEI.A), are virtually identical in all economic respects. The only difference between the share classes is the voting rights. The Class A Common Stock (HEI.A) carries 1/10 vote per share and the Common Stock (HEI) carries one vote per share. The stock symbols for HEICO's two classes of common stock on most websites are HEI and HEI.A. However, some websites change HEICO's Class A Common Stock symbol (HEI.A) to HEI/A or HEIa.HEICO Corporation is engaged primarily in the design, production, servicing and distribution of products and services to certain niche segments of the aviation, defense, space, medical, telecommunications and electronics industries through its Hollywood, Florida-based Flight Support Group and its Miami, Florida-based Electronic Technologies Group. HEICO's customers include a majority of the world's airlines and overhaul shops, as well as numerous defense and space contractors and military agencies worldwide, in addition to medical, telecommunications and electronics equipment manufacturers. For more information about HEICO, please visit our website at https://www.heico.com.Contact: Victor H. Mendelson (305) 374-1745 ext. 7590
Carlos L. Macau, Jr. (954) 987-4000 ext. 7570SOURCE: HEICO CorporationView the original press release on ACCESS NewswireOriginal: HEICO Corporation Announces Regular Quarterly Conference Call

Hypersonic Test Capacity Bottleneck: U.S. Defense Enterprise Signals Demand as Starfighters Space Brings F-104 Fleet to MarketApril 30, 2026 1:02 PM
PR Newswire (Canada)

Issued on behalf of Starfighters Space, Inc.SECTOR INTELLIGENCE BRIEF | The U.S. is developing next-generation hypersonic systems faster than it is building the infrastructure to test them. Federal procurement signals are clear. Starfighters Space's April 30 announcement positions one of the few operationally-available airborne aerodynamic test platforms in the U.S. directly into that demand window.World Street Intelligence News Commentary CAPE CANAVERAL, Fla., April 30, 2026 /CNW/ -- A Department of Defense procurement pattern that began with NASA's first new wind tunnel build in over four decades, broadened through service-level FY2026 budget allocations across the Air Force, Navy, and Army, and intensified through a March 2026 federal sources-sought notice for hypersonic test facility reactivation now extends into the airborne segment of the test infrastructure stack. On April 30, 2026, Starfighters Space, Inc. (NYSE American: FJET) announced the immediate availability of its F-104 Starfighter fleet — described as the world's largest fleet of commercial supersonic aircraft — as an aerodynamic test platform for the U.S. defense and aerospace community.SECTOR SIGNALThe Test-Capacity Gap Is Now a Procurement PriorityThe thesis is straightforward and increasingly visible across DoD budget documents and procurement actions: U.S. hypersonic weapons, vehicles, and propulsion systems are advancing through development at a pace that is structurally outpacing the test infrastructure required to validate them. The signal is not subtle. NASA recently completed its first major new wind tunnel in more than 40 years. The Air Force, Navy, and Army each carry active budget line items for wind tunnel construction, reactivation, or modernization in fiscal year 2026. A federal sources-sought notice for hypersonic test facility reactivation drew industry responses as recently as March 2026.The implication for the defense industrial base is twofold. First, multi-year ground-based capacity expansion — wind tunnel construction, reactivation, modernization — will be funded through capital programs running 5–10+ years. Second, near-term operational capacity that is available immediately becomes structurally valuable inside that build-out window. Starfighters' April 30 announcement positions FJET squarely in that second category.FIRM PROFILEStarfighters Space, Inc. — Operational Today, Expanding GeographyStarfighters Space describes itself as the only commercial company in the world with the ability to fly payloads at sustained MACH 2+ and the capability to launch those payloads to space. The company operates a fleet of modified supersonic F-104 aircraft from its hangar at the Shuttle Landing Facility at NASA's Kennedy Space Center — one of the longest runways in the world. The company is expanding its operational footprint with a second location at the Midland International Air & Space Port in Texas, where aircraft and engines are already on-site.According to the announcement, the F-104 platform replicates the aerodynamic conditions of the first 30 seconds of a vertical rocket launch — historically among the most difficult phases of flight to test accurately in a static environment. The aircraft expose test articles to turbulent, variable atmospheric conditions representative of actual operational flight, and can carry models closer to production size than most ground-based tunnels permit. Test complexity can be layered simultaneously, including g-forces, humidity, and dynamic pressure variations, in a single flight profile. The result is a test environment narrowing the gap between laboratory simulation and real-world flight.CEO Tim Franta in the announcement: "Every generation has a moment where infrastructure either keeps up with ambition, or it does not. We are in that moment for hypersonic development, and Starfighters Space exists precisely to close that gap. We fly tomorrow."Starfighters' published customer list includes Lockheed Martin, GE, Innoveering, Meggitt, Space Florida, and the U.S. Air Force Research Laboratory.CAPITAL CONTEXTFederal Hypersonic Spending Beneficiaries — Comparable SetInvestors evaluating exposure to the broader federal hypersonic and aerospace test infrastructure spending cycle have a defined U.S.-listed comparable set of established defense primes and tier-one suppliers. Each has reported material newsflow within the past month tied to the same federal capital cycle that supports Starfighters' positioning.Lockheed Martin Corporation (NYSE: LMT)Lockheed Martin is the dominant U.S. defense prime and one of Starfighters' published customers. Lockheed reported Q1 2026 financial results on April 23, 2026, with sales of $18.0 billion and reaffirmed FY2026 guidance of $77.5–$80.0 billion in net sales and $29.35–$30.25 in earnings per share. The company maintains an explicit Hypersonic Solutions business unit and continues to deliver across multiple service-branch hypersonic programs. Hypersonic and missile-defense exposure is one of three explicit transformative-technology pillars in Lockheed's "21st Century Security" framework alongside 5G.MIL Solutions and Spectrum Dominance.Northrop Grumman Corporation (NYSE: NOC)Northrop Grumman reported Q1 2026 results on April 21, 2026, beating consensus on both EPS ($6.14 vs. $6.05 estimate) and revenue ($9.88 billion vs. $9.76 billion estimate). The company secured an award shortly after the close of the quarter to accelerate development of its Glide Phase Interceptor (GPI) program, bringing the total contract value to $1.3 billion. GPI is designed to intercept hypersonic missiles during the glide phase of flight — directly tied to the same federal hypersonic capability buildout that drives demand for aerodynamic test infrastructure. Northrop reaffirmed full-year guidance, citing strong demand across defense and aeronautics segments.L3Harris Technologies, Inc. (NYSE: LHX)L3Harris Technologies has emerged as a key partner across the hypersonic propulsion and electronics ecosystem. In late 2025, Kratos Defense issued a Letter of Intent for 60 full-rate production Zeus motors from L3Harris — a multi-year revenue stream for L3Harris' propulsion division tied directly to hypersonic flight test cadence. L3Harris carries an analyst consensus rating profile reflecting Buy positioning across the majority of covering analysts. The company's position across hypersonic propulsion, secure communications, and sensor integration on test platforms makes it one of the most diversified beneficiaries of the federal hypersonic test infrastructure spending cycle.HEICO Corporation (NYSE: HEI)HEICO is an aerospace and defense supplier with a specialized footprint in legacy aircraft modifications, FAA-approved replacement parts, and life-extension components. The relevance to Starfighters' positioning is structural: modified legacy supersonic platforms — including the F-104 — depend on a specialized supply chain for parts, engine components, and modifications. In April 2026, HEICO announced an acquisition of an 80% interest in Sherwood's defense MRO business, further expanding its defense aerospace aftermarket footprint. HEICO's broader exposure to the defense aerospace aftermarket and component supply chain provides indirect exposure to the operational sustainment requirements of platforms like Starfighters' fleet.TransDigm Group Incorporated (NYSE: TDG)TransDigm operates one of the highest-margin component supply businesses in U.S. defense aerospace, with a portfolio focused on highly engineered, often sole-sourced components used across military and commercial aircraft platforms — including supersonic and tactical aircraft. On April 7, 2026, TransDigm completed its previously announced acquisition of Jet Parts Engineering and Victor Sierra Aviation Holdings for approximately $2.2 billion in cash. The earlier 2026 acquisition of Stellant Systems added advanced microwave and RF capabilities for defense platforms. TransDigm's pricing power and margin profile on long-cycle defense aerospace components has made it a structural beneficiary of multi-year defense capital cycles, with exposure overlapping the operational sustainment of platforms like the F-104 fleet.BOTTOM LINEDirect Play on a Federal Spending Cycle Already UnderwayThe U.S. defense enterprise has signaled, through both budget allocation and procurement activity, that hypersonic test capacity is one of the most consequential infrastructure constraints of the current capability cycle. The federal funding response — a multi-service FY2026 wind tunnel construction, reactivation, and modernization commitment, plus the first new NASA wind tunnel in 40+ years — establishes the spending signal. The procurement response — sources-sought notices and accelerated contract awards — establishes the timing.Starfighters Space's April 30 announcement positions FJET's F-104 fleet directly into that demand window with operational capacity available today rather than capacity dependent on capital build-out. The customer base is established (Lockheed Martin, GE, AFRL among others), the operational footprint is expanding (Kennedy Space Center primary, Midland Texas in motion), and the broader corporate identity — only commercial company in the world with sustained MACH 2+ payload-to-space capability — provides additional optionality across the broader commercial space air-launch architecture.For investors evaluating exposure to the federal hypersonic capability buildout, the comparable set above (LMT, NOC, LHX, HEI, TDG) represents the established prime and supplier beneficiaries. Starfighters Space represents the airborne test platform component — a different angle on the same underlying spending cycle.For more information on Starfighters Space, Inc., visit https://starfightersspace.com/ or the investor profile at usanewsgroup.com/fjet-profile/.CONTACT:
Market IQ Media Group
info @acblanke1DISCLAIMER/DISCLOSURE:Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a digital media distribution and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. This article is being distributed for World Street Intelligence on behalf of Market IQ Media Group Inc. ("MIQ"). Regarding this publication, MIQ has been paid a fee for Starfighters Space, Inc. advertising and digital media from Creative Direct Marketing Group ("CDMG"). There may be 3rd parties who may have shares of Starfighters Space, Inc., and may liquidate their shares which could have a negative effect on the price of the stock. The owner/operator of MIQ also owns shares of Starfighters Space, Inc., that were purchased in the open market and reserves the right to buy and sell, and will buy and sell shares of Starfighters Space, Inc. at any time without any further notice commencing immediately and ongoing. This potential for trading constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this, individuals are strongly encouraged to not use this publication as the basis for any investment decision. Please let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ has been reviewed and approved by the company directly (Starfighters Space, Inc.), and CDMG.While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.FORWARD-LOOKING STATEMENTS:This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this publication include that demand for U.S. aerodynamic and hypersonic test infrastructure will continue to accelerate; that Starfighters Space, Inc.'s F-104 platform will provide testing capabilities at the cadence and conditions described; that the Company's expansion to Midland, Texas will proceed as planned; that the Company will retain and grow its existing customer base; that comparable companies will perform as expected. The forward-looking information contained herein is provided for the purpose of assisting the reader to understand the Company's business, however such information may not be appropriate for other purposes. Risks that could change or prevent these statements from coming to fruition include changing governmental laws and policies; the Company's ability to obtain and retain necessary licensing; political and competitive risks; failure of forecasts and assumptions to come to fruition; and other unforeseen circumstances. The publisher of this article does not take responsibility for the accuracy of any statements made by the issuing company or its representatives. Readers are cautioned not to place undue reliance on these forward-looking statements, and the publisher undertakes no obligation to update or revise any forward-looking statements except as required by applicable law.



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Original: Hypersonic Test Capacity Bottleneck: U.S. Defense Enterprise Signals Demand as Starfighters Space Brings F-104 Fleet to Market

XLCS Partners advises Sherwood Aviation on sale to HEICO CorporationApril 13, 2026 10:57 AM
PR Newswire (US)

NASHVILLE, Tenn., April 13, 2026 /PRNewswire/ -- XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce that it served as exclusive M&A advisor to Sherwood Avionics and Accessories, Inc. ("Sherwood Aviation") on its acquisition by HEICO Corporation (NYSE: HEI.A and NYSE: HEI) through its Flight Support Group.







Founded in 1992 and headquartered near Miami's Opa-locka Airport in Florida, Sherwood Aviation is an FAA and EASA Part 145 repair station specializing in the maintenance, repair, and overhaul (MRO) of complex, mission-critical mechanical and electro-mechanical components for defense and select commercial aviation platforms. The company's capabilities span auxiliary power units (APUs), landing gear systems, wheels and brakes, pneumatics, hydraulics, fuel and lighting systems, avionics components, and related accessories. With a decades-long reputation for technical excellence and customer service, Sherwood Aviation has earned the trust of OEMs, government agencies, and operators around the world.Under the terms of the transaction, HEICO acquired 80% of Sherwood Aviation, with the balance of ownership continuing to be held by members of Sherwood Aviation's management team."This is a tremendous outcome for Sherwood Aviation, our team, and our customers. HEICO is the ideal partner to support our next chapter of growth and OEM alliance while preserving everything we have built since 1992. The XLCS team was with us every step of the way, and we would recommend them without hesitation to any business owner considering a transaction," said Bryan Farrell, CEO of Sherwood Aviation."This transaction is a testament to what Sherwood Aviation has built over more than three decades," said Joe Contaldo, Partner and head of XLCS Aerospace & Defense. "Sherwood is exactly the kind of mission-critical, defense-focused MRO platform that the market's most sophisticated buyers recognize and pursue. We are proud and honored to have advised them on this milestone transaction and are thrilled with the outcome for the entire team."XLCS acted as the exclusive M&A advisor to Sherwood Aviation, and the transaction was led by Joe Contaldo, Partner, and Reed McMahon, Vice President. The transaction was completed on April 6, 2026.About XLCS Partners, Inc.
XLCS Partners is an investment banking firm providing M&A advisory services to select clients globally and is recognized for its vast experience advising owners of Aerospace & Defense businesses. More information is available at www.xlcspartners.com.Media Contact: 
Kendra Span 
kspan @rogelaw-7783



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Original: XLCS Partners advises Sherwood Aviation on sale to HEICO Corporation

HEICO Corporation Acquires Important High-Performance RF and Microwave Antenna CompanyApril 9, 2026 8:30 AM
ACCESS NewswireMIAMI, FL / ACCESS Newswire / April 9, 2026 / HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) today announced that its Electronic Technologies Group acquired 90% of Southwest Antennas, Inc. ("SWA") for cash paid at closing. The balance of the Company will continue to be owned by SWA's CEO, Ben Culver. Further terms and financial details were not disclosed.HEICO stated that it expects the acquisition to be accretive to its earnings within the year following the closing.Founded in 2005, SWA designs and manufactures high-performance rugged and mission-critical antennas primarily for ground-based defense and law enforcement applications. SWA's antennas are used in various mission-critical and contested combat applications.HEICO stated that it does not expect any Team Member turnover result from the acquisition and that SWA will continue under the direction of its longtime CEO and half owner, Ben Culver.Headquartered in Poway, CA, SWA will continue to operate out of its 25,000 square-foot facility with its dedicated team of more than 110 professionals. SWA designs and manufactures its mission-critical RF and microwave antennas operating within frequencies up to 8.5GHz. In addition to its antennas, SWA provides accessory products such as antenna mounting solutions, block downconverters, low noise amplifiers, filter modules, and other RF/Microwave accessory products.Eric A. Mendelson and Victor H. Mendelson, HEICO's Co-Chairmen and Chief Executive Officers jointly remarked, "This acquisition marks a milestone in our continued expansion in the antenna market. Having known and admired SWA for many years, we believe it is a natural fit for HEICO and we enthusiastically welcome SWA's team to the HEICO family."Ben Culver, SWA's President and CEO, stated, "We are excited to join the HEICO family. Partnering with HEICO, an organization that shares our commitment to culture, innovation, and customers, ensures our long-term ability to exceed our customers' needs."HEICO Corporation is engaged primarily in the design, production, servicing and distribution of products and services to certain niche segments of the aviation, defense, space, medical, telecommunications and electronics industries through its Hollywood, Florida-based Flight Support Group and its Miami, Florida-based Electronic Technologies Group. HEICO's customers include a majority of the world's airlines and overhaul shops, as well as numerous defense and space contractors and military agencies worldwide, in addition to medical, telecommunications and electronics equipment manufacturers. For more information about HEICO, please visit our website at https://www.heico.com.Certain statements in this press release constitute forward-looking statements, which are subject to risks, uncertainties and contingencies. HEICO's actual results may differ materially from those expressed in or implied by those forward-looking statements. Factors that could cause such differences include, among others: the severity, magnitude and duration of public health threats; our liquidity and the amount and timing of cash generation; lower commercial air travel, airline fleet changes or airline purchasing decisions, which could cause lower demand for our goods and services; product specification costs and requirements, which could cause an increase in our costs to complete contracts; governmental and regulatory demands, export policies and restrictions, reductions in defense, space or homeland security spending by U.S. and/or foreign customers or competition from existing and new competitors, which could reduce our sales; our ability to introduce new products and services at profitable pricing levels, which could reduce our sales or sales growth; product development or manufacturing difficulties, which could increase our product development and manufacturing costs and delay sales; cybersecurity events or other disruptions of our information technology systems could adversely affect our business; and our ability to make acquisitions, including obtaining any applicable domestic and/or foreign governmental approvals, and achieve operating synergies from acquired businesses; customer credit risk; interest, foreign currency exchange and income tax rates; and economic conditions, including the effects of inflation, within and outside of the aviation, defense, space, medical, telecommunications and electronics industries, which could negatively impact our costs and revenues. Parties receiving this material are encouraged to review all of HEICO's filings with the Securities and Exchange Commission including, but not limited to filings on Form 10-K, Form 10-Q and Form 8-K. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.CONTACT:Victor H. Mendelson (305) 374-1745 ext. 7590Carlos L. Macau, Jr. (954) 987-4000 ext. 7570SOURCE: HEICO CorporationView the original press release on ACCESS NewswireOriginal: HEICO Corporation Acquires Important High-Performance RF and Microwave Antenna Company

HEICO Corporation Reports Record Net Income (Up 13%) and Strong Increases in Operating Income (Up 15%) and Net Sales (Up 14%) for the First Quarter of Fiscal 2026February 25, 2026 4:15 PM
ACCESS NewswireHOLLYWOOD, FL AND MIAMI, FL / ACCESS Newswire / February 25, 2026 / HEICO CORPORATION (NYSE:HEI.A)(NYSE:HEI) today reported an increase in net income of 13% to a record $190.2 million, or $1.35 per diluted share, in the first quarter of fiscal 2026, up from $168.0 million, or $1.20 per diluted share, in the first quarter of fiscal 2025.Net sales increased 14% to $1,178.6 million in the first quarter of fiscal 2026, up from $1,030.2 million in the first quarter of fiscal 2025. Operating income increased 15% to $259.9 million in the first quarter of fiscal 2026, up from $226.8 million in the first quarter of fiscal 2025. The Company's consolidated operating margin improved to 22.1% in the first quarter of fiscal 2026, up from 22.0% in the first quarter of fiscal 2025.EBITDA increased 14% to $312.0 million in the first quarter of fiscal 2026, up from $273.9 million in the first quarter of fiscal 2025. See our reconciliation of net income attributable to HEICO to EBITDA at the end of this press release.Net income attributable to HEICO in the first quarter of fiscal 2026 and 2025 were both favorably impacted by a discrete income tax benefit from stock option exercises. The benefit in the first quarter of fiscal 2026, net of noncontrolling interests, was $21.8 million, or 15 cents per diluted share, as compared to $26.5 million, or 19 cents per diluted share, in the first quarter of fiscal 2025.Consolidated ResultsEric A. Mendelson and Victor H. Mendelson, HEICO's Co-Chairmen and Co-Chief Executive Officers, commented on the Company's first quarter results stating, "We are proud to report record quarterly net income, as well as increased operating income and net sales, principally driven by strong double-digit consolidated organic net sales growth, as well as the contributions from our fiscal 2025 and 2026 acquisitions. The strong organic growth reflects increased demand across all of the Flight Support Group's product lines and for the Electronic Technologies Group's other electronics, aerospace and defense products.Cash flow provided by operating activities remained strong, totaling $178.6 million in the first quarter of fiscal 2026, as compared to $203.0 million in the first quarter of fiscal 2025. The decrease in cash provided by operating activities reflects a significant distribution to a certain participant under the HEICO Leadership Compensation Plan, as well as higher performance-based compensation payments driven by strong operating performance across both segments in fiscal 2025. We continue to forecast strong cash flow from operations for fiscal 2026.Our total debt to net income attributable to HEICO ratio was 3.52x as of January 31, 2026, as compared to 3.14x as of October 31, 2025. Our net debt to EBITDA ratio was 1.79x as of January 31, 2026, as compared to 1.60x as of October 31, 2025. The increase in our leverage ratio in the first quarter of fiscal 2026 is a direct result of the successful completion of an acquisition during the quarter. See our reconciliation of total debt to net debt at the end of this press release.As we look ahead to the remainder of fiscal 2026, we expect continued sales momentum across both the Flight Support Group and the Electronic Technologies Group, supported by organic demand for our products, together with the impact of recent acquisitions. We remain focused on pursuing selective acquisition opportunities that align with our growth strategy. Our disciplined financial management continues to emphasize long-term shareholder value through a combination of strategic acquisitions and organic growth, while preserving financial strength and flexibility."Flight Support GroupThe Flight Support Group delivered strong results in operating income and net sales, achieving quarterly increases of 21% and 15%, respectively, as compared to the first quarter of fiscal 2025. These exceptional results reflect strong double-digit organic net sales growth, driven by increased demand across all of the Flight Support Group's product lines, as well as the contributions from our fiscal 2025 acquisitions.The Flight Support Group's net sales increased 15% to $820.0 million in the first quarter of fiscal 2026, up from $713.2 million in the first quarter of fiscal 2025. The net sales increase stems from strong organic growth of 12% and the impact from our fiscal 2025 acquisitions. The organic net sales growth is attributable to increased demand across all of the Flight Support Group's product lines.The Flight Support Group's operating income increased 21% to $200.7 million in the first quarter of fiscal 2026, up from $166.1 million in the first quarter of fiscal 2025. The operating income increase was principally driven by the previously mentioned net sales growth, selling, general and administrative ("SG&A") expense efficiencies realized from the net sales growth, and an improved gross profit margin. The improved gross profit margin principally reflects the previously mentioned higher net sales and a more favorable product mix within our repair and overhaul parts and services product line.The Flight Support Group's operating margin improved to 24.5% in the first quarter of fiscal 2026, up from 23.3% in the first quarter of fiscal 2025. The increased operating margin principally reflects a decrease in SG&A expenses as a percentage of net sales, mainly reflecting the previously mentioned SG&A expense efficiencies and improved gross profit margin.Electronic Technologies GroupThe Electronic Technologies Group's first quarter 12% net sales increase was driven mainly by strong organic growth across most of our products, with double-digit organic net sales growth for our aerospace and other electronics products.The Electronic Technologies Group's net sales increased 12% to $370.7 million in the first quarter of fiscal 2026, up from $330.3 million in the first quarter of fiscal 2025. The net sales increase was driven by strong organic growth of 6% and the impact from our fiscal 2025 and 2026 acquisitions. The organic net sales growth is mainly attributable to increased demand for our other electronics, aerospace and defense products, partially offset by a decrease in demand for our space products.The Electronic Technologies Group's operating income was $73.2 million in the first quarter of fiscal 2026, as compared to $76.5 million in the first quarter of fiscal 2025. The operating income decrease principally reflects a decrease in gross profit margin, partially offset by the previously mentioned net sales growth. The decrease in gross profit margin principally resulted from a less favorable product mix of defense products and the previously mentioned decrease in net sales of space products, partially offset by the previously mentioned increase in net sales of aerospace products.The Electronic Technologies Group's operating margin was 19.8% in the first quarter of fiscal 2026, as compared to 23.1% in the first quarter of fiscal 2025. The decreased operating margin principally reflects the previously mentioned lower gross profit margin.Non-GAAP Financial MeasuresTo provide additional information about the Company's results, HEICO has discussed in this press release its EBITDA (calculated as net income attributable to HEICO adjusted for depreciation and amortization expense, net income attributable to noncontrolling interests, interest expense and income tax expense), its net debt (calculated as total debt less cash and cash equivalents), and its net debt to EBITDA ratio (calculated as net debt divided by EBITDA), which are not prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP").These non-GAAP measures are included to supplement the Company's financial information presented in accordance with GAAP and because the Company uses such measures to monitor and evaluate the performance of its business and believes the presentation of these measures enhance an investor's ability to analyze trends in the Company's business and to evaluate the Company's performance relative to other companies in its industry. However, these non-GAAP measures have limitations and should not be considered in isolation or as a substitute for analysis of the Company's financial results as reported under GAAP.These non-GAAP measures are not in accordance with, or an alternative to, measures prepared in accordance with GAAP and may be different from non-GAAP measures used by other companies. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. These measures should only be used to evaluate the Company's results of operations in conjunction with their corresponding GAAP measures. Pursuant to the requirements of Regulation G of the Securities and Exchange Act of 1934, the Company has provided a reconciliation of these non-GAAP measures in the last table included in this press release.(NOTE: HEICO has two classes of common stock traded on the NYSE. Both classes, the Class A Common Stock (HEI.A) and the Common Stock (HEI), are virtually identical in all economic respects. The only difference between the share classes is the voting rights. The Class A Common Stock (HEI.A) carries 1/10 vote per share and the Common Stock (HEI) carries one vote per share.)There are currently approximately 84.4 million shares of HEICO's Class A Common Stock (HEI.A) outstanding and 55.1 million shares of HEICO's Common Stock (HEI) outstanding. The stock symbols for HEICO's two classes of common stock on most websites are HEI.A and HEI. However, some websites change HEICO's Class A Common Stock trading symbol (HEI.A) to HEI/A or HEIa.As previously announced, HEICO will hold a conference call on Thursday, February 26, 2026 at 9:00 a.m. Eastern Standard Time to discuss its first quarter results. Individuals wishing to participate in the conference call should dial: US and Canada (800) 330-6710, International (646) 769-9200, wait for the conference operator and provide the operator with the Conference ID 3280563. A digital replay will be available two hours after the completion of the conference for 14 days. To access the replay, please visit our website at https://www.heico.com under the Investors section for details.HEICO Corporation is engaged primarily in the design, production, servicing and distribution of products and services to certain niche segments of the aviation, defense, space, medical, telecommunications and electronics industries through its Hollywood, Florida-based Flight Support Group and its Miami, Florida-based Electronic Technologies Group. HEICO's customers include a majority of the world's airlines and overhaul shops, as well as numerous defense and space contractors and military agencies worldwide, in addition to medical, telecommunications and electronics equipment manufacturers. For more information about HEICO, please visit our website at https://www.heico.com.Certain statements in this press release constitute forward-looking statements, which are subject to risks, uncertainties and contingencies. HEICO's actual results may differ materially from those expressed in or implied by those forward-looking statements. Factors that could cause such differences include, among others: the severity, magnitude and duration of public health threats; our liquidity and the amount and timing of cash generation; lower commercial air travel, airline fleet changes or airline purchasing decisions, which could cause lower demand for our goods and services; product specification costs and requirements, which could cause an increase in our costs to complete contracts; governmental and regulatory demands, export policies and restrictions, reductions in defense, space or homeland security spending by U.S. and/or foreign customers or competition from existing and new competitors, which could reduce our sales; our ability to introduce new products and services at profitable pricing levels, which could reduce our sales or sales growth; product development or manufacturing difficulties, which could increase our product development and manufacturing costs and delay sales; cybersecurity events or other disruptions of our information technology systems could adversely affect our business; and our ability to make acquisitions, including obtaining any applicable domestic and/or foreign governmental approvals, and achieve operating synergies from acquired businesses; customer credit risk; interest, foreign currency exchange and income tax rates; and economic conditions, including the effects of inflation, within and outside of the aviation, defense, space, medical, telecommunications and electronics industries, which could negatively impact our costs and revenues. Parties receiving this material are encouraged to review all of HEICO's filings with the Securities and Exchange Commission including, but not limited to filings on Form 10-K, Form 10-Q and Form 8-K. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.HEICO CORPORATION
Condensed Consolidated Statements of Operations (Unaudited)
(in thousands, except per share data) Three Months Ended January 31, 2026 2025 Net sales $1,178,582 $1,030,222 Cost of sales 723,618 624,560 Selling, general and administrative expenses 195,065 178,857 Operating income 259,899 226,805 Interest expense (29,486) (32,458)Other income 1,044 919 Income before income taxes and noncontrolling interests 231,457 195,266 Income tax expense 26,700(a) 13,700(b)Net income from consolidated operations 204,757 181,566 Less: Net income attributable to noncontrolling interests 14,569 13,611 Net income attributable to HEICO $190,188(a) $167,955(b) Net income per share attributable to HEICO shareholders: Basic $1.36(a) $1.21(b)Diluted $1.35(a) $1.20(b) Weighted average number of common shares outstanding: Basic 139,368 138,837 Diluted 141,029 140,484 Three Months Ended January 31, 2026 2025 Operating segment information: Net sales: Flight Support Group $820,000 $713,174 Electronic Technologies Group 370,675 330,315 Intersegment sales (12,093) (13,267) $1,178,582 $1,030,222 Operating income: Flight Support Group $200,733 $166,116 Electronic Technologies Group 73,246 76,456 Other, primarily corporate (14,080) (15,767) $259,899 $226,805 Depreciation and amortization: Flight Support Group $27,875 $25,832 Electronic Technologies Group 22,284 19,500 Other, primarily corporate 849 893 $51,008(c) $46,225(c)HEICO CORPORATION
Footnotes to Condensed Consolidated Statements of Operations (Unaudited)(a) During the first quarter of fiscal 2026, the Company recognized a $22.3 million discrete tax benefit from stock option exercises, which, net of noncontrolling interests, increased net income attributable to HEICO by $21.8 million, or $.16 per basic share and $.15 per diluted share.(b) During the first quarter of fiscal 2025, the Company recognized a $27.2 million discrete tax benefit from stock option exercises, which, net of noncontrolling interests, increased net income attributable to HEICO by $26.5 million, or $.19 per basic and diluted share.(c) Depreciation and amortization information on the Company's two operating segments for the three months ended January 31, 2026 and 2025, is as follows (in thousands): Three Months Ended January 31, 2026 2025 Depreciation: Flight Support Group $6,781 $6,578 Electronic Technologies Group 6,923 5,969 Other, primarily corporate 457 501 $14,161 $13,048 Amortization: Flight Support Group $21,094 $19,254 Electronic Technologies Group 15,361 13,531 Other, primarily corporate 392 392 $36,847 $33,177 HEICO CORPORATION
Condensed Consolidated Balance Sheets (Unaudited)
(in thousands) January 31, 2026 October 31, 2025 Cash and cash equivalents $260,971 $217,781 Accounts receivable, net 652,024 637,615 Contract assets 116,900 119,257 Inventories, net 1,338,421 1,295,336 Prepaid expenses and other current assets 111,298 86,377 Total current assets 2,479,614 2,356,366 Property, plant and equipment, net 448,992 431,710 Goodwill 3,905,669 3,661,624 Intangible assets, net 1,642,001 1,471,440 Other assets 567,420 579,294 Total assets $9,043,696 $8,500,434 Current maturities of long-term debt $3,396 $3,358 Other current liabilities 807,204 828,646 Total current liabilities 810,600 832,004 Long-term debt, net of current maturities 2,504,285 2,164,587 Deferred income taxes 148,056 107,186 Other long-term liabilities 535,026 550,124 Total liabilities 3,997,967 3,653,901 Redeemable noncontrolling interests 464,581 467,358 Shareholders' equity 4,581,148 4,379,175 Total liabilities and equity $9,043,696 $8,500,434 HEICO CORPORATION
Condensed Consolidated Statements of Cash Flows (Unaudited)
(in thousands) Three Months Ended January 31, 2026 2025 Operating Activities: Net income from consolidated operations $204,757 $181,566 Depreciation and amortization 51,008 46,225 Share-based compensation expense 11,296 4,671 Deferred income tax provision (benefit) 7,480 (7,052)Employer contributions to HEICO Savings and Investment Plan 5,901 5,473 Increase in accrued contingent consideration 2,225 3,288 Payment of contingent consideration - (2,190)(Increase) decrease in accounts receivable (5,262) 20,062 Decrease (increase) in contract assets 3,753 (5,949)Increase in inventories (17,101) (36,207)Decrease in current liabilities (92,868) (36,622)Other 7,408 29,769 Net cash provided by operating activities 178,597 203,034 Investing Activities: Acquisitions, net of cash acquired (441,397) (254,763)Investments related to HEICO Leadership Compensation Plan (14,000) (14,600)Capital expenditures (13,496) (17,335)Proceeds from corporate-owned life insurance policy withdrawals 22,654 - Other (728) (1,297)Net cash used in investing activities (446,967) (287,995) Financing Activities: Borrowings on revolving credit facility, net 340,000 125,000 Cash dividends paid (16,724) (15,272)Distributions to noncontrolling interests (7,181) (10,236)Redemptions of common stock related to stock option exercises (4,531) (95)Acquisitions of noncontrolling interests (4,072) (3,258)Payment of contingent consideration - (5,954)Proceeds from stock option exercises 2,896 1,597 Other (812) (1,070)Net cash provided by financing activities 309,576 90,712 Effect of exchange rate changes on cash 1,984 (2,387) Net increase in cash and cash equivalents 43,190 3,364 Cash and cash equivalents at beginning of year 217,781 162,103 Cash and cash equivalents at end of period $260,971 $165,467 HEICO CORPORATION
Non-GAAP Financial Measures (Unaudited)
(in thousands, except ratios) Three Months Ended January 31, EBITDA Calculation 2026 2025 Net income attributable to HEICO $190,188 $167,955 Plus: Depreciation and amortization 51,008 46,225 Plus: Net income attributable to noncontrolling interests 14,569 13,611 Plus: Interest expense 29,486 32,458 Plus: Income tax expense 26,700 13,700 EBITDA (a) $311,951 $273,949 Trailing Twelve Months Ended EBITDA Calculation January 31, 2026 October 31, 2025 Net income attributable to HEICO $712,618 $690,385 Plus: Depreciation and amortization 200,859 196,076 Plus: Net income attributable to noncontrolling interests 56,127 55,169 Plus: Interest expense 126,905 129,877 Plus: Income tax expense 161,000 148,000 EBITDA (a) $1,257,509 $1,219,507 Net Debt Calculation January 31, 2026 October 31, 2025 Total debt $2,507,681 $2,167,945 Less: Cash and cash equivalents (260,971) (217,781)Net debt (a) $2,246,710 $1,950,164 Total debt $2,507,681 $2,167,945 Net income attributable to HEICO (trailing twelve months) $712,618 $690,385 Total debt to net income attributable to HEICO ratio 3.52 3.14 Net debt $2,246,710 $1,950,164 EBITDA (trailing twelve months) $1,257,509 $1,219,507 Net debt to EBITDA ratio (a) 1.79 1.60 (a) See the "Non-GAAP Financial Measures" section of this press release.Contact:Victor H. Mendelson (305) 374-1745 ext. 7590
Carlos L. Macau, Jr. (954) 987-4000 ext. 7570SOURCE: HEICO CorporationView the original press release on ACCESS NewswireOriginal: HEICO Corporation Reports Record Net Income (Up 13%) and Strong Increases in Operating Income (Up 15%) and Net Sales (Up 14%) for the First Quarter of Fiscal 2026

HEICO Corporation Completes EthosEnergy Accessories and Components AcquisitionFebruary 5, 2026 8:30 AM
ACCESS NewswireExpands HEICO into Aeroderivative Gas Turbine PartsMIAMI, FLORIDA / ACCESS Newswire / February 5, 2026 / HEICO Corporation (NYSE:HEI.A, HEI) today announced that its Flight Support Group subsidiary, Wencor Group, LLC ("Wencor"), completed its previously announced acquisition of EthosEnergy Accessories and Components Limited and EthosEnergy Accessories and Components, LLC ("Ethos A&C").Ethos A&C is expected to be accretive to HEICO's earnings within the year following closing. Other transaction terms and financial details were not disclosed.Ethos A&C repairs a large portfolio of engine accessories including fuel nozzles, wire harnesses, starters, valves, plenum assemblies, air diffusers, and engine components including blades, vanes, seals, and other related components.Ethos A&C has grown from its inception in 1979 into a leading provider of engine component and accessory repair solutions for the aeroderivative gas turbine, aerospace, and defense markets. Ethos A&C has 175 employees at three leased locations in Connecticut, South Carolina and Scotland, spanning over 175,000 square feet.Eric A. Mendelson and Victor H. Mendelson, HEICO's Co-Chairmen and Co-Chief Executive Officers, together with Shawn Trogdon, Wencor's Chief Executive Officer, commented: "We are excited to welcome Ethos A&C to the Wencor and HEICO families. Bringing our teams together strengthens our capabilities in the aeroderivative industrial gas turbine market and expands our ability to serve customers worldwide as energy demand continues to grow."HEICO Corporation is engaged primarily in the design, production, servicing and distribution of products and services to certain niche segments of the aviation, defense, space, medical, telecommunications and electronics industries through its Hollywood, Florida-based Flight Support Group and its Miami, Florida-based Electronic Technologies Group. HEICO's customers include a majority of the world's airlines and overhaul shops, as well as numerous defense and space contractors and military agencies worldwide, in addition to medical, telecommunications and electronics equipment manufacturers. For more information about HEICO, please visit our website at https://www.heico.com.Certain statements in this press release constitute forward-looking statements, which are subject to risks, uncertainties and contingencies. HEICO's actual results may differ materially from those expressed in or implied by those forward-looking statements. Factors that could cause such differences include, among others: the severity, magnitude and duration of public health threats; our liquidity and the amount and timing of cash generation; lower commercial air travel, airline fleet changes or airline purchasing decisions, which could cause lower demand for our goods and services; product specification costs and requirements, which could cause an increase to our costs to complete contracts; governmental and regulatory demands, export policies and restrictions, reductions in defense, space or homeland security spending by U.S. and/or foreign customers or competition from existing and new competitors, which could reduce our sales; our ability to introduce new products and services at profitable pricing levels, which could reduce our sales or sales growth; product development or manufacturing difficulties, which could increase our product development and manufacturing costs and delay sales; cybersecurity events or other disruptions of information technology systems could adversely affect our business; our ability to make acquisitions, including obtaining any applicable domestic and/or foreign governmental approvals, and achieve operating synergies from acquired businesses; customer credit risk; interest, foreign currency exchange and income tax rates; economic conditions, including the effects of inflation, within and outside of the aviation, defense, space, medical, telecommunications and electronics industries, which could negatively impact our costs and revenues; and defense spending or budget cuts, which could reduce our defense-related revenue. Parties receiving this material are encouraged to review all of HEICO's filings with the Securities and Exchange Commission, including, but not limited to filings on Form 10-K, Form 10-Q and Form 8-K. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.Contact: Eric A. Mendelson (954) 744-7550
Carlos L. Macau, Jr. (954) 744-7562SOURCE: HEICO CorporationView the original press release on ACCESS NewswireOriginal: HEICO Corporation Completes EthosEnergy Accessories and Components Acquisition

VPT Expands NewSpace VSC Series with High-Efficiency Point of Load DC-DC ConverterFebruary 4, 2026 9:37 AM
PR Newswire (US)

BLACKSBURG, Va., Feb. 4, 2026 /PRNewswire/ -- VPT, Inc., a HEICO company (NYSE:HEI.A) (NYSE:HEI), announces the release of the VSCPL1210SG, the first point of load DC–DC converter in its award–winning VSC Series of space–grade COTS power supplies. Delivering up to 10 A of output current with peak efficiency up to 95%, the VSCPL1210SG expands VPT's NewSpace product offering and completes a full power–conversion solution that includes isolated DC–DC converters, point of load converters, and EMI filters.
The VSC Series is a commercial off–the–shelf (COTS) product line designed for smaller satellites in low Earth orbits (LEO), and NASA Class D missions where the balance of cost and guaranteed performance is critical. This series is radiation tested to 42 MeV/mg/cm² with no destructive SEE events (SEGR, SEB, SEL) and tested to 40 krad(Si), guaranteed to 30 krad(Si), for TID in accordance with VPT's in–house radiation hardness assurance (RHA) plan.Operating from a 4.5 to 13.2 V input and offering an adjustable output from 0.8 to 5.0 V, the VSCPL1210SG delivers reliable performance across the full temperature range of –55 °C to +105 °C with no power derating. Its proprietary packaging enables dual–side heatsinking with low outgassing, while the surface–mount design supports streamlined reflow soldering and simplified board–level integration."We designed the VSCPL1210SG to deliver high efficiency, tight regulation, and simplified board-level integration while maintaining the radiation tolerance required for LEO environments," said Brandon Witcher, Principal Design Engineer. "The goal was to meet NewSpace performance needs without pushing beyond the cost constraints that define this market."To further expand the series, VPT will introduce two additional point of load converters later this year: the VSCPL0510SG with a 10 A output and the VSCPL1220SG with a 20 A output.The VSC Series complements VPT's hermetic hybrid SVL Series of rad hard products available on DLA SMDs.The VSCPL1210SG is manufactured in an ISO9001, J-STD-001, and IPC-A-610 certified facility and is available for order now. Sales are subject to all applicable U.S. export license restrictions and regulations. Additional information can be obtained by contacting a local VPT distributor. About VPT and HEICO
VPT, Inc., part of the HEICO Electronic Technologies Group, is a global provider of innovative DC-DC power converters, EMI filters, and custom engineering services for avionics, military, space, and industrial applications. Every day, organizations like NASA, ESA, Lockheed Martin, Boeing, BAE Systems, Thales and many more depend on high-reliability solutions from VPT to power critical systems. For more information about VPT, please visit www.vptpower.com.HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) is engaged primarily in niche segments of the aviation, defense, space and electronics industries through its Hollywood, FL based HEICO Aerospace Holdings Corp. subsidiary and its Miami, FL-based HEICO Electronic Technologies Corp. subsidiary. For more information about HEICO, please visit www.heico.com.Products described in this communication are subject to all export license restrictions and regulations, which may include but are not limited to ITAR (International Traffic in Arms Regulations) and the Export Administration and Foreign Assets Control Regulations. Further restrictions may apply. The information provided is considered accurate at time of publication, errors or omissions excepted. VPT, Inc. reserves the right to make changes to products or services without prior notification and advises customers to obtain the latest version of all relevant technical information from VPT to verify data prior to placing orders. VPT, its logo and tagline are registered trademarks in the U.S. Patent and Trademark Office. All other names, product names and trade names may be trademarks or registered trademarks of their respective holders.Products described in this communication are subject to all export license restrictions and regulations which may include but are not limited to ITAR (International Traffic in Arms Regulations) and the Export Administration and Foreign Assets Control Regulations. Further restrictions may apply. The information provided is considered accurate at time of publication, errors or omissions excepted. VPT, Inc. reserves the right to make changes to products or services without prior notification and advises customers to obtain the latest version of all relevant technical information from VPT to verify data prior to placing orders. VPT, its logo and tagline are registered trademarks in the U.S. Patent and Trademark Office. All other names, product names and trade names may be trademarks or registered trademarks of their respective holders.Photo - https://mma.prnewswire.com/media/2876347/VSCPL1210SG_Point_of_Load_DC_DC_Converter.jpg
Logo - https://mma.prnewswire.com/media/1609827/5750845/VPT_Logo_v2.jpg 



View original content:https://www.prnewswire.co.uk/news-releases/vpt-expands-newspace-vsc-series-with-high-efficiency-point-of-load-dc-dc-converter-302678995.html

Original: VPT Expands NewSpace VSC Series with High-Efficiency Point of Load DC-DC Converter

HEI, 10Q due 12/17 per Seeking Alpha weekend report

HEI 10Q due MONDAY AUGUST 26

HEI new 52 week high

HEI new 52 week high

HEI 10Q expected 5/28

HEI new 52 hi

HEI 10Q 2/26

HEI new 52=week high

HEICO Corp NYSE: HEI

GoSymbol lookup
Industrials : Aerospace & Defense | Mid Cap GrowthCompany profile
HEICO Corporation is a manufacturer of jet engine and aircraft component replacement parts. The Company operates through two segments: Flight Support Group (FSG) and Electronic Technologies Group (ETG). The FSG segment consists of HEICO Aerospace Holdings Corp. and HEICO Flight Support Corp. and their subsidiaries. The FSG segment designs and manufactures jet engine and aircraft component replacement parts. In addition, the FSG segment repairs, overhauls and distributes jet engine and aircraft components, avionics and instruments for domestic and foreign commercial air carriers and aircraft repair companies, as well as military and business aircraft operators. The ETG segment consists of HEICO Electronic Technologies Corp. and its subsidiaries. ETG segment designs, manufactures and sells various types of electronic, data and microwave, and electro-optical products, including infrared simulation and test equipment, laser rangefinder receivers and electrical power supplies.

This one still acts like a small cap. ?????

News: $HEI The 12 Best-Performing Industrial Stocks of the Decade

It's almost the end of the decade, which makes it an apt time to reflect on which investment themes and stocks performed best over the last 10 years, and to ponder which ones might do best over the next 10. The 2010s didn't just mark a calendar decade. It's been almost precisely a decade since ...

In case you are interested HEI - The 12 Best-Performing Industrial Stocks of the Decade

Just add 4/5 of the number of shares you'd like to have after the split now and then you'll be good to go when it splits.

Time for a split so I can add!

$138 is even nicer.

News: $HEI HEICO Corporation Acquires Leading French Interconnect Business

HEICO Corporation (NYSE:HEI) (NYSE:HEI.A) today announced that its Buc, France-based 3D PLUS subsidiary acquired substantially all of the assets and business of Bretigny-sur-Orge, France-based BERNIER, SAS (“BERNIER”) in an all cash transaction. 3D PLUS is part of HEICO’s...

Read the whole news https://marketwirenews.com/news-releases/heico-corporation-acquires-leading-french-interconne-6222977580948457.html

needs another split to calm itself down!

Dang! Is this thing just going to keep going???

HEI sitting at 100 a share Nice!

Looking ripe for a split anytime soon works for me!

HEI back on the Prowl!

HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) reported today that its 3D-Plus and VPT subsidiaries supplied mission-critical equipment for NASA’s ICESat-2 mission, which launched on September 15th from the Vandenberg Air Force Base in California. This spacecraft is the second iteration of the Ice, Cloud and Land Elevation Satellite and was launched on the final Delta II rocket.
HEICO’s Buc, France-based 3D-Plus provided multiple radiation tolerant data memory modules onboard the ICESat-2 spacecraft. Blacksburg, VA-based VPT supplied DC-to-DC converter products used to power GPS tracking hardware onboard the launch vehicle and FPGA processors on the spacecraft. Historically, 3D-Plus’ and VPT’s parts have been relied on for many high-profile space missions, such as: Parker Solar Probe, Juno, New Horizons, Dawn and Orion.
The ICESat-2 program is part of NASA’s Earth Observing System, which is dedicated to measuring ice sheet elevation, sea ice thickness and observing land topography and elevation characteristics. The satellite is designed to operate for three years while having enough capacity to last for seven years. Weighing approximately 3,338 pounds, the satellite was launched into a near-circular, near-polar orbit with an altitude of approximately 310 miles and is traveling at 4.3 miles per second. Since the spacecraft will measure certain Earth characteristics to within an inch, it is critical to know where the satellite is positioned and to know where on the planet’s surface that the instrument is taking measurements. Numerous high-tech equipment, such as GPS hardware, lasers, telescopes, detectors and altimeters were embedded into the satellite to fulfill this specific requirement.
Laurans A. Mendelson, Chairman and Chief Executive Officer of HEICO Corporation, along with Victor H. Mendelson, HEICO’s Co-President and Chief Executive Officer of the Electronics Technologies Group, jointly commented, “We are, yet again, happy to congratulate NASA and the 3D-Plus and VPT teams on this successful launch. The ICESat-2 is a critical mission that will help our society understand and monitor the planet in which we all live. We thank the entire 3D-Plus and VPT teams for their continued commitment to outstanding innovation and excellence.”
Pierre Maurice, 3D-Plus’ President and Co-Founder, and Dan Sable, VPT’s CEO and Co-Founder, jointly stated, “Our respective teams at 3D-Plus and VPT are honored to work with NASA and its suppliers to support such an important mission. Both of our companies strive to work with these partners on ambitious and meaningful projects that are at the forefront of scientific exploration, such as the ICESat-2 and the Parker Solar Probe, which recently launched this August. We also thank our world-class teams for their dedication and unparalleled efforts.”
HEICO Corporation is engaged primarily in the design, production, servicing and distribution of products and services to certain niche segments of the aviation, defense, space, medical, telecommunications and electronics industries through its Hollywood, Florida-based Flight Support Group and its Miami, Florida-based Electronic Technologies Group. HEICO’s customers include a majority of the world’s airlines and overhaul shops, as well as numerous defense and space contractors and military agencies worldwide, in addition to medical, telecommunications and electronics equipment manufacturers. For more information about HEICO, please visit our website at http://www.heico.com.

At this Pace we will be breaking a hundred very soon! Printing 93 today!

at this pace, no split until next year... thats ok with me...

Nice Close Looking Great!

What Pace? Holy Smokes Batman we are flying! 3rd Quarter of Fiscal 2018 Net Income up 47% on Operating Income Increase of 33% and Net Sales Increase of 19%
HEICO CORPORATION (NYSE: HEI.A) (NYSE: HEI) today reported that net income increased 47% to a record $67.1 million, or 49 cents per diluted share, in the third quarter of fiscal 2018, up from $45.7 million, or 34 cents per diluted share, in the third quarter of fiscal 2017. In the first nine months of fiscal 2018, net income increased 45% to a record $191.9 million, or $1.40 per diluted share, up from $132.3 million, or 98 cents per diluted share, in the first nine months of fiscal 2017.
All share and per share information has been adjusted retrospectively to reflect 5-for-4 stock splits distributed by the Company in January 2018 and June 2018.
Operating income increased 33% to a record $101.4 million in the third quarter of fiscal 2018, up from $76.1 million in the third quarter of fiscal 2017. In the first nine months of fiscal 2018, operating income increased 25% to a record $272.5 million, up from $217.2 million in the first nine months of fiscal 2017.
The Company's consolidated operating margin improved to 21.8% in the third quarter of fiscal 2018, up from 19.4% in the third quarter of fiscal 2017. The Company's consolidated operating margin improved to 21.0% in the first nine months of fiscal 2018, up from 19.7% in the first nine months of fiscal 2017.
Net sales increased 19% to a record $465.8 million in the third quarter of fiscal 2018, up from $391.5 million in the third quarter of fiscal 2017. Net sales increased 18% to a record $1,300.8 million in the first nine months of fiscal 2018, up from $1,103.6 million in the first nine months of fiscal 2017.
In the first quarter of fiscal 2018, the United States (U.S.) government enacted significant changes to existing tax law, including a reduction in the U.S. corporate tax rate. The Company’s effective tax rate for the first nine months of fiscal 2018 was 17.9%, down from 29.8% for the first nine months of fiscal 2017. Net income in the first nine months of fiscal 2018 was favorably impacted by approximately $30.7 million, or 22 cents per diluted share, including approximately $11.9 million, or 9 cents per diluted share, which resulted from one-time tax benefits principally due to the remeasurement of the Company’s net deferred tax liabilities in the first quarter of fiscal 2018.

2 stock splits in one year is more than enough! Too many splits would not be good long term. Lets see how this does for the remainder of the year!

at this pace, no split until next year... thats ok with me...

OK looks like we want to get back into the 80's Please prepare to put on the HEI Marching boots!

I was hoping this would stabilize around $78.00....

I thought we would be over $80 by now... :)

Lets see what the next quarter brings, most likely something good...

Damn HEI has got the racing shoes on been on a nice climb since the split!

Definitely my safest investment currently! IEP is running a nice second...

WOW I see some fresh stock was deposited into my account yesterday! Didn't even see it coming another stock dividend! NICE!

MIAMI & HOLLYWOOD, Fla.--(BUSINESS WIRE)--Jun. 28, 2018-- HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) today reported that all shares of both its Class A Common Stock and its Common Stock will commence trading today on a “post-split” basis to reflect the Company’s previously announced 5-for-4 stock split. Accordingly, the prices of both the Class A Common Stock and the Common Stock will automatically be adjusted downward by 20% from the New York Stock Exchange closing price on June 27, 2018 for the split at the opening of New York Stock Exchange trading this morning.
The stock split was effective on June 28, 2018 to shareholders of record on June 21, 2018. Cash will be paid in lieu of fractional shares.
In addition, on July 19, 2018, the Company will pay a $.06 per share semi-annual cash dividend on each post-split share to shareholders of record as of the close of business on July 11, 2018. The cash dividend was increased by 7% from the prior cash dividend and reflects a cumulative 17% increase in the past year.

We make it to 100 we could be looking at another stock split dividend which is better than a cash divvy! No tax to pay and your position grows! Not only that HEI does pay a cash divvy to boot!

Love this stock!

this is my safest investment.

looks like 100+ soon.... this is my safest investment.

The March to 100 is on! [HEI]

Nawh I think we will march right up into the 100's then a 5 fer 4 split and start the march all over again!

If it dips buy buy buy!

I think this will dip down a bit as flippers flip.

WOW knocken down the 92's! The march to 100 is ON.....

HEI beating down the path today! Back in the 90's hope it stays this time as it marches on to 100!

[HEI] doing the happy Dance! Touching 93 nice to see it back in the 90's! Looking Great..... Here's the latest news!!!

Dukane Seacom Acquires Aerospace Electronics Product Line of Instrumar
Yesterday \ M2 Communications
Dukane Seacom Acquires Aerospace Electronics Product Line of Instrumar M2 Communications
19 April 2018 - US-based underwater locator beacon provider Dukane Seacom, Inc. has acquired 100% of the business and assets of the emergency locator transmitter (ELT) beacon product line of St. John's, Newfoundland, Canada-based Instrumar Ltd. in an all-cash transaction, the company said.
Dukane Seacom is part of the electronic technologies group of HEICO Corp. (NYSE: HEI.A) (NYSE: HEI).
Terms of the transaction were not disclosed.
HEICO said that it expects the acquisition to be accretive to its earnings within a year following the purchase. Further financial terms and details were not disclosed.
The ELT Product Line, which has a significant installed base on large commercial transport aircraft, designs and manufactures emergency locator transmitter beacons for the commercial aviation and defense markets.
The ELT product line will be integrated into Dukane Seacom's existing Sarasota, FL facility within a year following closing.
HEICO said the ELT product line acquisition is consistent with its long-term strategy of acquiring highly engineered products and unique technologies.
The Dukane Seacom team has a strong, acquisitive track record, as they have successfully acquired four businesses and/or product lines in the past six years. This acquisition marks HEICO's sixth in the past 12 months.
Dukane Seacom and its sister company, Radiant Power Corp., are focussed on the design and manufacture of underwater locator beacons, emergency power supplies, power distribution and controls, flight deck sensors and indicators, and passenger comfort products for the aerospace and military markets.
HEICO Corp. is engaged primarily in the design, production, servicing and distribution of products and services to certain niche segments of the aviation, defense, space, medical, telecommunications and electronics industries through its Florida-based flight support group and electronic technologies group.

I hope to add some more in a month or so.... Money in the bank.. :)