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HEICO CORPORATION REPORTS RECORD NET SALES FOR THE THIRD QUARTER OF FISCAL 2023

Fiscal 2023 3rd Quarter Net Income up 24% on 16% Operating Income Increase, and Record Net Sales – Which Increased 27%

HOLLYWOOD, FL and MIAMI, FL – HEICO Corporation (NYSE: HEI.A) (NYSE:HEI) today reported net sales increased 27% to a record $722.9 million in the third quarter of fiscal 2023, up from $569.5 million in the third quarter of fiscal 2022. Operating income increased 16% to $149.4 million in the third quarter of fiscal 2023, up from $128.7 million in the third quarter of fiscal 2022. The Company’s consolidated operating margin was 20.7% in the third quarter of fiscal 2023, as compared to 22.6% in the third quarter of fiscal 2022.

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