Category: Press release

South Windsor, CT and Miami, FL — HEICO Corporation (NYSE: HEI.A and HEI) today
announced its Flight Support Group has acquired the Aerial Delivery and Descent Devices
divisions of Capewell Aerial Systems (“Capewell”) for cash at closing. Additional financial
details were not disclosed.

Hollywood, FL and Miami, FL – On August 26, 2024 after the NYSE closing, HEICO Corporation (NYSE: HEI.A) (NYSE: HEI) will release its financial results for the third quarter ended July 31, 2024.  The earnings release will be available through the Internet on the Company’s website at https://www.heico.com.  

$.11 per share cash dividend declared   

Hollywood, FL – HEICO Corporation (NYSE: HEI.A and HEI) today announced that its
Board of Directors declared an $0.11 per share semiannual cash dividend payable on
all shares of its Class A Common Stock and its Common Stock. The amount is 10%
greater than the Company’s last cash dividend of $.10 per share paid earlier this year.

   

HOLLYWOOD, FL and MIAMI, FL — HEICO CORPORATION (NYSE: HEI.A) (NYSE: HEI) today reported an increase in net income of 17% to a record $123.1 million, or $.88 per diluted share, in the second quarter of fiscal 2024, up from $105.1 million, or $.76 per diluted share, in the second quarter of fiscal 2023.  Net income increased 20% to a record $237.8 million, or $1.70 per diluted share, in the first six months of fiscal 2024, up from $198.1 million, or $1.43 per diluted share, in the first six months of fiscal 2023. 

Hollywood, FL and Miami, FL – On May 28, 2024 after the NYSE closing, HEICO Corporation (NYSE: HEI.A) (NYSE: HEI) will release its financial results for the second quarter ended April 30, 2024.  The earnings release will be available through the Internet on the Company’s website at https://www.heico.com.     

HOLLYWOOD, FL and MIAMI, FL – HEICO CORPORATION (NYSE:HEI.A)(NYSE:HEI) today reported an increase in net income of 23% to $114.7 million, or $.82 per diluted share, in the first quarter of fiscal 2024, up from $93.0 million, or $.67 per diluted share, in the first quarter of fiscal 2023.

HOLLYWOOD, FL and MIAMI, FL – On February 26, 2024 after the NYSE closing, HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) will release its financial results for the first quarter ended January 31, 2024. The earnings release will be available through the Internet on the Company’s website at https://www.heico.com.

HOLLYWOOD, FL – HEICO Corporation (2024) (NYSE:HEI.A)(NYSE: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.

MIRAMAR, FL and HOLLYWOOD, FL – HEICO Corporation (NYSE: HEI.A and HEI) today announced its Sunshine Avionics subsidiary entered into an exclusive license and acquired key assets from Honeywell International (“Honeywell”) that will provide the capability to support the Boeing 737NG/777 Cockpit Displays and Legacy Displays product lines. The transaction was structured as an exclusive perpetual license and asset purchase. Sunshine Avionics is part of HEICO’s Flight Support Group. Transaction terms and financial details were not disclosed.

 4th Quarter of Fiscal 2023 Operating Income Increased 29% on a Net Sales Increase of 54%; Full Fiscal Year 2023 Net Income, Operating Income and Net Sales Set All-Time Records

HOLLYWOOD, FL and MIAMI, FL — HEICO CORPORATION (NYSE:HEI.A)(NYSE:HEI) today reported net sales increased 54% to a record $936.4 million in the fourth quarter of fiscal 2023, up from $609.6 million in the fourth quarter of fiscal 2022. Operating income increased 29% to a record $189.4 million in the fourth quarter of fiscal 2023, up from $146.5 million in the fourth quarter of fiscal 2022. The Company’s consolidated operating margin was 20.2% in the fourth quarter of fiscal 2023, as compared to 24.0% in the fourth quarter of fiscal 2022. Net income attributable to HEICO increased 6% to $103.4 million, or $.74 per diluted share, in the fourth quarter of fiscal 2023, up from $97.2 million, or $.70 per diluted share, in the fourth quarter of fiscal 2022.