Author: eliana

Electronic Technologies Group has agreed to acquire leading electronic component maker Exxelia

MIAMI, FL and PARIS, FRANCE – HEICO Corporation (NYSE:HEI)(NYSE:HEI.A) today announced that its Electronic Technologies Group (“ETG”) entered into a put option agreement to acquire Exxelia International (“Exxelia”) from an affiliate of IK Partners (“IK”) and additional sellers for €453 million in cash to be paid at closing plus the assumption of approximately €14 million of liabilities. Exxelia’s management and team members are expected to continue to own a minority interest of around 5% of the business. HEICO anticipates that, upon completion of required works council consultations in France, the parties will enter into a definitive purchase agreement with closing of the acquisition by the end of its first quarter of fiscal year 2023

Cleveland, OH and Miami, FL — HEICO Corporation (NYSE: HEI.A and HEI) today announced its Flight Support Group has acquired 96% of Accurate Metal Machining, Inc. (“Accurate”) for cash at closing, plus potential additional cash consideration to be paid if certain post-closing earnings levels are attained. Additional financial details were not disclosed. 

HOLLYWOOD, FL. & MIAMI, FL. — HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) announced today that its Board of Directors approved a semi-annual cash dividend of $.09 per share, payable on both classes of its common stock. The cash dividend is payable on July 15, 2022 to shareholders of record as of July 1, 2022. This cash dividend represents HEICO’s 88th consecutive semi-annual cash dividend since 1979.

2nd Quarter of Fiscal 2022 Net Income up 20% on Record Operating Income, which Increased 27%, and Net Sales, which Increased 15%

HOLLYWOOD, FL and MIAMI, FL — HEICO CORPORATION (NYSE: HEI.A) (NYSE: HEI) today reported an increase in net income of 20% to $85.0 million, or $.62 per diluted share, in the second quarter of fiscal 2022, up from $70.7 million, or $.51 per diluted share, in the second quarter of fiscal 2021. Net income increased 22% to $171.9 million, or $1.25 per diluted share, in the first six months of fiscal 2022, up from $141.3 million, or $1.03 per diluted share, in the first six months of fiscal 2021.

Hollywood, FL and Miami, FL – On May 23, 2022, after the NYSE closing, HEICO Corporation (NYSE: HEI.A) (NYSE: HEI) will release its financial results for the second quarter ended April 30, 2022. The earnings release will be available through the Internet on the Company’s website at https://www.heico.com. 

Flight Support Group Acquires Leading Specialty Defense Spares Distributor

Farmingdale, NY and Miami — HEICO Corporation (NYSE: HEI.A and HEI) today announced that its Flight Support Group completed the acquisition of Pioneer Industries. On February 10, 2022, HEICO announced that it entered into an agreement, subject to regulatory approval which was subsequently received, to acquire Pioneer. The Purchase was completed under previously announced terms.

Lucix Corporation Purchases Flight Microwave Corporation

CAMARILLO, CA and Miami — HEICO Corporation (NYSE: HEI.A) (NYSE: HEI) today announced that its Lucix subsidiary acquired 100% of the stock of Flight Microwave Corporation (“Flight Microwave”) in an all cash transaction. Further financial terms and details were not disclosed.

1st Quarter of Fiscal 2022 Net Income up 23% on Operating Income Increase of 23% and Net Sales Increase of 17%

HOLLYWOOD, FL and MIAMI, FL — HEICO CORPORATION (NYSE: HEI.A) (NYSE: HEI) today reported an increase in net income of 23% to $86.9 million, or $.63 per diluted share, in the first quarter of fiscal 2022, up from $70.6 million, or $.51 per diluted share, in the first quarter of fiscal 2021.

Flight Support Group to Acquire Pioneer Industries

FARMINGDALE, NY and MIAMI, FL – HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) today announced its Flight Support Group entered into an agreement to acquire 74% of Pioneer Industries, LLC for cash at closing, plus potential additional cash consideration to be paid if certain post-closing earnings levels are attained. Additional financial details were not disclosed.

Hollywood, FL and Miami, FL – On February 23, 2022 after the NYSE closing, HEICO Corporation (NYSE: HEI.A) (NYSE: HEI) will release its financial results for the first quarter ended January 31, 2022. The earnings release will be available through the Internet on the Company’s website at https://www.heico.com