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HEICO Corporation Reports Record Net Sales (up 37%), Operating Income (up 45%) and Net Income (up 34%) for the Third Quarter of Fiscal 2024

HOLLYWOOD, FL and MIAMI, FL — HEICO CORPORATION (NYSE: HEI.A) (NYSE:
HEI) today reported net income increased 34% to a record $136.6 million, or $.97 per
diluted share, in the third quarter of fiscal 2024, up from $102.0 million, or $.74 per
diluted share, in the third quarter of fiscal 2023. Net income increased 25% to a record
$374.4 million, or $2.67 per diluted share, in the first nine months of fiscal 2024, up from
$300.2 million, or $2.17 per diluted share, in the first nine months of fiscal 2023.

HEICO Corporation Acquires Leading Provider of Proprietary Aircraft Cockpit Emergency Egress and Aerial Delivery Solutions

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.

HEICO CORPORATION INCREASES CASH DIVIDEND BY 10%

$.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.

HEICO CORPORATION REPORTS RECORD NET SALES (UP 39%), OPERATING INCOME (UP 33%) AND NET INCOME (UP 17%) FOR THE SECOND QUARTER OF FISCAL 2024

   

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. 

HEICO CORPORATION REPORTS STRONG GROWTH OF 44% IN NET SALES, 39% IN OPERATING INCOME AND 23% IN NET INCOME FOR THE FIRST QUARTER OF FISCAL 2024

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.

HEICO SUBSIDIARY ACQUIRES EXCLUSIVE LICENSE AND KEY RELATED ASSETS FOR SELECT HONEYWELL DISPLAY PRODUCT LINES

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.