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
Sierra Microwave Provides Flight Critical Items
Georgetown, TX and Miami – HEICO Corporation today announced that its Sierra Microwave Technology (“Sierra Microwave”) subsidiary designed and manufactured flight-critical components in the James Webb Space Telescope (the “JWST”). Sierra is part of HEICO’s Electronic Technologies Group.
Miami, FL and Hollywood, FL – HEICO Corporation (NYSE: HEI.A and HEI) announced today that its Annual Shareholders’ Meeting will be held on Friday, March 18, 2022. Shareholders of record at the close of business on January 21, 2022 will be entitled to vote at the meeting.
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 January 20, 2022 to shareholders of record as of January 6, 2022. This cash dividend represents HEICO’s 87th consecutive semi-annual cash dividend since 1979.
4th Quarter of Fiscal 2021 Net Income up 38% on Operating Income Increase of 29% and Net Sales Increase of 20%
HOLLYWOOD, FL and MIAMI, FL — HEICO CORPORATION (NYSE: HEI.A) (NYSE: HEI) today reported an increase in net income of 38% to $86.1 million, or $.62 per diluted share, in the fourth quarter of fiscal 2021, up from $62.3 million, or $.45 per diluted share, in the fourth quarter of fiscal 2020. Net income was $304.2 million, or $2.21 per diluted share, in the fiscal year ended October 31, 2021, as compared to $314.0 million, or $2.29 per diluted share, in the fiscal year ended October 31, 2020
