Author: eliana

HOLLYWOOD, FL and PEACHTREE CITY, GA — HEICO Corporation (NYSE: HEI.A and HEI) today announced that it has completed its previously announced acquisition of Wencor Group (“Wencor”) from affiliates of Warburg Pincus LLC and Wencor’s management for $1.9 billion in cash and $150 million in HEICO Class A Common Stock paid at closing, or $2.05 billion in the aggregate.

LOS ANGELES, CA and MIAMI, FL – HEICO Corporation (NYSE: HEI.A) (NYSE: HEI) today reported that Laurans A. Mendelson, its Chairman and Chief Executive Officer, will receive the prestigious 44th annual Howard Hughes Memorial Award from the Aero Club of Southern California during the club’s annual ceremonial event on Wednesday, September 6, 2023, at The California Club in Los Angeles.

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 – HEICO Corporation (NYSE:HEI.A and HEI) today announced that its Board of Directors declared a $0.10 per share cash dividend payable on all shares of its Class A Common Stock and its Common Stock.

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.

HOLLYWOOD, FL and PEACHTREE CITY, GA – HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) today announced that it entered into an agreement to acquire Wencor Group (“Wencor”) from affiliates of Warburg Pincus LLC and Wencor’s management for $1.9 billion in cash and $150 million in HEICO Class A Common Stock1 to be paid at closing, or $2.05 billion in the aggregate.

HOLLYWOOD, FL and MIAMI, FL – On May 22, 2023 after the NYSE closing, HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) will release its financial results for the second quarter ended April 30, 2023. The earnings release will be available through the Internet on the Company’s website at https://www.heico.com.

Asset Purchase and Exclusive License for Dukane Seacom subsidiary cements leadership position

Sarasota, FL and Hollywood, FL — HEICO Corporation (NYSE HEI and HEI.A) today announced that its Dukane Seacom subsidiary entered into an exclusive license and acquired key assets for the Aircraft Emergency Locator Transmitter (“ELT”) product line from Honeywell International (“Honeywell”). The transaction was structured as an exclusive perpetual license and asset purchase. Dukane Seacom is part of HEICO’s Electronic Technologies Group. Transaction terms and financial details were not disclosed.

1st Quarter of Fiscal 2023 Operating Income Increased 31% on a Net Sales Increase of 27%

HOLLYWOOD, FL and MIAMI, FL — HEICO CORPORATION (NYSE: HEI.A) (NYSE: HEI) today reported net sales increased 27% to a record $620.9 million in the first quarter of fiscal 2023, up from $490.3 million in the first quarter of fiscal 2022. Operating income increased 31% to $129.4 million in the first quarter of fiscal 2023, up from $98.8 million in the first quarter of fiscal 2022. The Company’s consolidated operating margin improved to 20.8% in the first quarter of fiscal 2023, up from 20.2% in the first quarter of fiscal 2022.

Hollywood, FL and Miami, FL – On February 27, 2023 after the NYSE closing, HEICO Corporation (NYSE: HEI.A) (NYSE: HEI) will release its financial results for the first quarter ended January 31, 2023. The earnings release will be available through the Internet on the Company’s website at https://www.heico.com.

HOLLYWOOD, FL AND PARIS, FRANCE — HEICO Corporation (NYSE: HEI.A and HEI) today stated that its Electronic Technologies Group completed its acquisition of Exxelia International. HEICO acquired approximately 94% of Exxelia’s outstanding shares, with the balance continuing to be held by certain Exxelia Team Members.