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HEICO CORPORATION REPORTS RECORD OPERATING INCOME AND NET SALES FOR THE SECOND QUARTER AND FIRST SIX MONTHS OF FISCAL 2023

2nd Quarter of Fiscal 2023 Net Income up 24% on Record Operating Income, which Increased 28%, and Record Net Sales, which Increased 28%

HOLLYWOOD, FL and MIAMI, FL — HEICO CORPORATION (NYSE: HEI.A) (NYSE: HEI) today reported net sales increased 28% to a record $687.8 million in the second quarter of fiscal 2023, up from $538.8 million in the second quarter of fiscal 2022. Operating income increased 28% to a record $157.1 million in the second quarter of fiscal 2023, up from $122.8 million in the second quarter of fiscal 2022. The Company’s consolidated operating margin was 22.8% in both the second quarter of fiscal 2023 and 2022.

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