Category: Press release

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. 

Miami, FL – HEICO Corporation (NYSE: HEI.A and HEI) today announced that its Board of Directors (the “Board”) has elected Carol F. Fine to serve on the Company’s Board, effective December 23, 2022.

4th Quarter of Fiscal 2022 Operating Income Increased 27% on a Net Sales Increase of 20%; Full Fiscal Year 2022 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 20% to a record $609.6 million in the fourth quarter of fiscal 2022, up from $509.4 million in the fourth quarter of fiscal 2021. Operating income increased 27% to a record $146.5 million in the fourth quarter of fiscal 2022, up from $115.0 million in the fourth quarter of fiscal 2021. The Company’s consolidated operating margin improved to 24.0% in the fourth quarter of fiscal 2022, up from 22.6% in the fourth quarter of fiscal 2021

Increases semi-annual cash dividend to $.10 per share Sets March 17, 2023 annual meeting date

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.

Hollywood, FL and Miami, FL – On December 19, 2022, after the NYSE closing, HEICO Corporation (NYSE: HEI) (NYSE: HEI.A) will release its financial results for the fourth quarter ended October 31, 2022. The earnings release will be available through the Internet on the Company’s website at https://www.heico.com.

3D PLUS subsidiary acquires TRAD

Labege, France and Miami, FL – HEICO Corporation today announced that its 3D PLUS subsidiary acquired TRAD SAS (“TRAD”) for all cash consideration paid at closing. 3D PLUS is part of HEICO’s Electronic Technologies Group. Further financial details were not disclosed.