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Press Releases

2023 Press Releases

MON

08/28

HEICO Corporation Reports Record Net Sales for the Third Quarter of Fiscal 2023L

Fiscal 2023 3rd Quarter Net Income up 24% on 16% Operating Income Increase, and Record Net Sales – Which Increased 27%

HOLLYWOOD, FL and MIAMI, FL — HEICO CORPORATION (NYSE: HEI.A) (NYSE:HEI) today reported net sales increased 27% to a record $722.9 million in the third quarter of fiscal 2023, up from $569.5 million in the third quarter of fiscal 2022. Operating income increased 16% to $149.4 million in the third quarter of fiscal 2023, up from $128.7 million in the third quarter of fiscal 2022. The Company’s consolidated operating margin was 20.7% in the third quarter of fiscal 2023, as compared to 22.6% in the third quarter of fiscal 2022.

THU

08/24

Two HEICO Subsidiaries Supply Mission-Critical Parts on India's Chandrayaan Spacecraft

3D PLUS AND Exxelia Design and Made Components
HOLLYWOOD, FL and BUC, FRANCE / ACCESSWIRE / August 24, 2023 / HEICO Corporation (NYSE: HEI.A and HEI) today reported that two of its subsidiaries, 3D PLUS and Exxelia, supplied mission-critical electronic components on India’s Chandrayaan-3 spacecraft, which successfully executed a soft landing on the Moon’s South Pole yesterday.

TUE

08/15

HEICO Corporation Announces Regular Quarterly Conference Call

Hollywood, FL and Miami, FL – On August 28, 2023 after the NYSE closing, HEICO Corporation (NYSE: HEI.A) (NYSE: HEI) will release its financial results for the third quarter ended July 31, 2023. The earnings release will be available through the Internet on the Company’s website at https://www.heico.com.

FRI

08/04

HEICO Corporation Completes Wencor Group Acquisition

HOLLYWOOD, FL and PEACHTREE CITY, GA — HEICO Corporation (NYSE: HEI.A and HEI) today announced that it has completed its previously announced acquisition of Wencor Group (“Wencor”) from affiliates of Warburg Pincus LLC and Wencor’s management for $1.9 billion in cash and $150 million in HEICO Class A Common Stock paid at closing, or $2.05 billion in the aggregate.

THU

07/27

HEICO CORPORATION CLOSES $1.2 BILLION INVESTMENT GRADE SENIOR NOTES OFFERING

HOLLYWOOD, FL / ACCESSWIRE / July 27, 2023 / HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) today announced that it closed an offering of $600 million in aggregate principal amount of 5.250% Senior Notes due 2028 (the “2028 Notes”) and $600 million in aggregate principal amount of 5.350% Senior Notes due 2033 (the “2033 Notes”, and together with the 2028 Notes, the “Notes”).

WED

06/21

HEICO CORPORATION CEO LAURANS A. MENDELSON TO RECEIVE PRESTIGIOUS AWARD

Howard Hughes Memorial Award from Aero Club of Southern California

Los Angeles and Miami — HEICO Corporation (NYSE: HEI.A) (NYSE: HEI) today reported that Laurans A. Mendelson, its Chairman and Chief Executive Officer, will receive the prestigious 44th annual Howard Hughes Memorial Award from the Aero Club of Southern California during the club’s annual ceremonial event on Wednesday, September 6, 2023, at The California Club in Los Angeles.

MON

06/12

HEICO Corporation Declares $.10 Semi-Annual Cash Dividend

HOLLYWOOD, FL / ACCESSWIRE / June 12, 2023 / 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.

MON

05/22

HEICO CORPORATION REPORTS RECORD OPERATING INCOME AND NET SALES FOR THE SECOND QUARTER AND FIRST SIX MONTHS OF FISCAL 2023

2nd Quarter of Fiscal 2023 Net Income up 24% on Record Operating Income, which Increased 28%, and Record Net Sales, which Increased 28%
HOLLYWOOD, FL and MIAMI, FL — HEICO CORPORATION (NYSE: HEI.A) (NYSE: HEI) today reported net sales increased 28% to a record $687.8 million in the second quarter of fiscal 2023, up from $538.8 million in the second quarter of fiscal 2022. Operating income increased 28% to a record $157.1 million in the second quarter of fiscal 2023, up from $122.8 million in the second quarter of fiscal 2022. The Company’s consolidated operating margin was 22.8% in both the second quarter of fiscal 2023 and 2022.

MON

05/15

HEICO Corporation Agrees to Make Major and Highly Complementary Acquisition

HOLLYWOOD, FL and PEACHTREE CITY, GA / ACCESSWIRE / May 15, 2023 / HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) today announced that it entered into an agreement to acquire Wencor Group (“Wencor”) from affiliates of Warburg Pincus LLC and Wencor’s management for $1.9 billion in cash and $150 million in HEICO Class A Common Stock1 to be paid at closing, or $2.05 billion in the aggregate.

TUE

05/09

HEICO Corporation Announces Regular Quarterly Conference Call

HOLLYWOOD, FL and MIAMI, FL / ACCESSWIRE / May 9, 2023 / 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.

MON

04/03

HEICO SUBSIDIARY ENTERS INTO AN EXCLUSIVE LICENSE AND ACQUIRES KEY RELATED ASSETS FOR EMERGENCY LOCATOR PRODUCT LINE

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.

MON

02/27

HEICO CORPORATION REPORTS RECORD NET SALES AND STRONG OPERATING INCOME FOR THE FIRST QUARTER OF FISCAL 2023

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.

MON

02/13

HEICO CORPORATION ANNOUNCES REGULAR QUARTERLY CONFERENCE CALL

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.

THU

01/05

HEICO CORPORATION COMPLETES PREVIOUSLY AGREED UPON ACQUISITION

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.

2022 Press Releases

WED

12/21

HEICO Corporation Elects Carol F. Fine to Board of Directors

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.

MON

12/19

HEICO CORPORATION INCREASES DIVIDEND BY 11%; SETS ANNUAL MEETING AND RECORD DATES

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.

WED

12/07

HEICO CORPORATION ANNOUNCES REGULAR QUARTERLY CONFERENCE CALL

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.

MON

10/03

HEICO ACQUIRES LEADING ELECTRONIC COMPONENT RADIATION TEST AND SOFTWARE COMPANY

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.

THU

09/01

HEICO CORPORATION ACQUIRES MAJORITY OF GROWING NICHE TECHNOLOGY COMPONENT MAKER

Partners with the owners and managers of Ironwood Electronics
Eagan, MN and Miami, FL – HEICO Corporation (NYSE: HEI.A and HEI.A) today announced that its Electronic Technologies Group acquired approximately 80% of the capital stock of technology component company Ironwood Electronics, Inc. (“Ironwood”) for cash paid at closing, plus additional cash consideration to be paid if Ironwood meets certain earnings targets. The balance of Ironwood’s shares will continue to be owned by Ironwood’s Chief Executive Officer, David Struyk, and other key managers. Further financial information was not disclosed.

MON

08/29

HEICO CORPORATION REPORTS RECORD OPERATING INCOME AND NET SALES FOR THE THIRD QUARTER AND FIRST NINE MONTHS OF FISCAL 2022

3rd Quarter of Fiscal 2022 Operating Income Increased 28% on a Net Sales Increase of 21%
HOLLYWOOD, FL and MIAMI, FL — HEICO CORPORATION (NYSE: HEI.A) (NYSE: HEI) today reported net sales increased 21% to a record $569.5 million in the third quarter of fiscal 2022, up from $471.7 million in the third quarter of fiscal 2021. Operating income increased 28% to a record $128.7 million in the third quarter of fiscal 2022, up from $100.8 million in the third quarter of fiscal 2021. The Company’s consolidated operating margin improved to 22.6% in the third quarter of fiscal 2022, up from 21.4% in the third quarter of fiscal 2021.

TUE

08/16

HEICO Corporation Announces Regular Quarterly Conference Call

Hollywood, FL and Miami, FL – On August 29, 2022, after the NYSE closing, HEICO Corporation (NYSE: HEI) (NYSE: HEI.A) will release its financial results for the third quarter ended July 31, 2022. The earnings release will be available through the Internet on the Company’s website at https://www.heico.com.

THU

08/11

HEICO CORP. ACQUIRES LEADING AIRCRAFT ANTENNA COMPANY

Electronic Technologies Group Acquires Sensor Systems
Chatsworth, CA and Miami, FL – HEICO Corporation (NYSE HEI and HEI.A) today announced that its Electronic Technologies Group acquired all of the stock of Sensor Systems, Inc. (“Sensor”) for a combination of cash and approximately 575,000 HEICO Class A Common Shares. Further financial details were not disclosed.

TUE

08/09

HEICO SUBSIDIARY ACQUIRES KEY NICHE RF AND MICROWAVE SWITCH MAKER

Marks HEICO’s fifth announced acquisition in fiscal 2022
Pinellas Park, FL and Miami, FL – HEICO Corporation (NYSE: HEI.A and HEI) today announced that its dB Control subsidiary acquired 100% of the stock of Charter Engineering, Inc. (“Charter”) for cash at closing. Further financial details were not disclosed. dB Control is part of HEICO’s Electronic Technologies Group.

THU

07/28

HEICO Corporation Announces Its Largest-ever Acquisition Of Global And Leading Electronic Component Supplier

Electronic Technologies Group has agreed to acquire leading electronic component maker Exxelia
MIAMI, FL and PARIS, FRANCE / ACCESSWIRE / July 28, 2022 / 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.

TUE

07/19

HEICO CORPORATION ACQUIRES ADVANCED AEROSPACE AND SEMICONDUCTOR EQUIPMENT COMPONENT MANUFACTURER

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.

MON

06/20

HEICO Corporation Declares 88th Consecutive Semi-Annual Cash Dividend

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.

MON

05/23

HEICO CORPORATION REPORTS RECORD OPERATING INCOME FOR THE SECOND QUARTER AND FIRST SIX MONTHS OF FISCAL 2022

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.

WED

05/11

HEICO Corporation Announces Regular Quarterly Conference Call

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.

FRI

08/18

HEICO CORPORATION COMPLETES THE ACQUISITION OF PIONEER INDUSTRIES

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.

MON

03/14

HEICO Corporation Subsidiary Acquires Leading Satellite Filter Company

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.

WED

02/23

HEICO CORPORATION REPORTS 23% INCREASE IN QUARTERLY OPERATING INCOME AND 13% QUARTERLY ORGANIC NET SALES GROWTH

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.

THU

02/10

HEICO Corporation Agrees to Acquire Leading Specialty Defense Spares Distributor

Flight Support Group to Acquire Pioneer Industries
FARMINGDALE, NY and MIAMI, FL / ACCESSWIRE / February 10, 2022 / 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.

TUE

02/08

HEICO CORPORATION ANNOUNCES REGULAR QUARTERLY CONFERENCE CALL

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.

TUE

01/11

HEICO SUBSIDIARY SUPPLIES COMPONENTS ON JAMES WEBB SPACE TELESCOPE

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.

TUE

01/04

HEICO Corporation Sets Annual Shareholders’ Meeting and Record Dates

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.

2021 Press Releases

TUE

12/21

HEICO ACQUIRES LEADING ELECTRONIC COMPONENT RADIATION TEST AND SOFTWARE COMPANY

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.

FRI

07/09

HEICO ACQUIRES LEADING ELECTRONIC COMPONENT RADIATION TEST AND SOFTWARE COMPANY

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.