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Press Releases

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 – 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.

HEICO CORPORATION ANNOUNCES REGULAR QUARTERLY CONFERENCE CALL(August2023)

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.

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.

HEICO CORPORATION CLOSES $1.2 BILLION INVESTMENT GRADE SENIOR NOTES OFFERING

LOS ANGELES, CA and MIAMI, FL – 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.

HEICO CORPORATION DECLARES $.10 SEMI-ANNUAL CASH DIVIDEND

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 – 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.

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.

HEICO CORPORATION AGREES TO MAKE MAJOR AND HIGHLY COMPLEMENTARY ACQUISITION

HOLLYWOOD, FL and PEACHTREE CITY, GA – 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.

HEICO CORPORATION ANNOUNCES REGULAR QUARTERLY CONFERENCE CALL(May2023)

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.

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.

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.