HEICO (HEI) Company Report

HEICO reported strong first-quarter fiscal 2026 results, with consolidated net income increasing 13% to a record $190.2 million, or $1.35 per diluted share, and consolidated net sales improving 14% compared to the first quarter of fiscal 2025.
The Flight Support Group's net sales increased 15% to $820 million and operating income increased 21% to $200.7 million, driven by 12% organic growth.
The Electronic Technologies Group's net sales increased 12% to $370.7 million with 6% organic growth, but operating income decreased to $73.2 million from $76.5 million in the prior year, and its operating margin was 19.8% compared to 23.1% in Q1 2025, primarily due to an unfavorable product mix. Management expects ETG margins to improve as the year progresses, particularly in the second half.
HEICO completed two acquisitions in the first quarter of fiscal 2026 and entered an agreement for a third, with acquisition activity remaining very strong and expected to be accretive to earnings.

2 days ago

Transcript

HEICO Reports Strong Q1 Fiscal 2026 Results with Double-Digit Growth and Strategic Acquisitions

HEI

Earnings

M&A

New Projects/Investments

HEICO reported strong first quarter fiscal 2026 results, with consolidated net income increasing 13% to $190.2 million and diluted earnings per share rising to $1.35 compared to the first quarter of fiscal 2025.
Consolidated net sales grew 14% and operating income improved 15% in the first quarter of fiscal 2026 over the prior year. The Flight Support Group achieved 15% net sales growth and 21% operating income growth, driven by 12% organic growth.
The company completed two acquisitions in the first quarter of fiscal 2026, Axillon Aerospace's fuel containment business and EthosEnergy Accessories and Components Limited, and entered an agreement for a third, all expected to be accretive to earnings. Consolidated EBITDA increased 14% to $312 million, and the net debt-to-EBITDA ratio was 1.79 times as of January 31, 2026.

2 days ago

Transcript

HEICO Reports Record Q1 2026 Net Income and Strong Sales Growth

HEI

Earnings

M&A

Revenue Acceleration/Inflection

HEICO reported record consolidated net income of $190.2 million, or $1.35 per diluted share, in Q1 fiscal 2026, marking a 13% increase from the prior year, alongside 14% higher net sales and 15% higher operating income.
The Flight Support Group (FSG) achieved a 15% increase in net sales to $820 million with 12% organic growth, and its operating income grew 21% to $200.7 million.
The Electronic Technologies Group (ETG) experienced a 12% rise in net sales to $370.7 million but saw its operating income decrease to $73.2 million due to an unfavorable product mix, with expectations for margin improvement later in the year.
The company's net debt-to-EBITDA ratio was 1.79 times as of January 31, 2026, following an acquisition, and management expressed continued optimism for acquisition activity and sales momentum in fiscal 2026.

2 days ago

Transcript

HEICO Reports Record Q1 2026 Net Income and Strong Sales Growth

HEI

Earnings

Revenue Acceleration/Inflection

M&A

HEICO Corporation reported record net income of $190.2 million, an increase of 13%, and net sales of $1,178.6 million, up 14%, for the first quarter of fiscal 2026 compared to the first quarter of fiscal 2025.
Operating income grew 15% to $259.9 million, and EBITDA increased 14% to $312.0 million in the first quarter of fiscal 2026.
Cash flow provided by operating activities totaled $178.6 million in the first quarter of fiscal 2026, a decrease from $203.0 million in the prior year, primarily due to a significant distribution and higher performance-based compensation payments.
The company's total debt to net income attributable to HEICO ratio increased to 3.52x as of January 31, 2026, from 3.14x as of October 31, 2025, and the net debt to EBITDA ratio rose to 1.79x from 1.60x, mainly due to an acquisition completed during the quarter.
These strong results were principally driven by double-digit consolidated organic net sales growth and contributions from fiscal 2025 and 2026 acquisitions.

2 days ago

8-K

HEICO Reports Record Q4 Fiscal 2025 Results with Strong Growth Across Segments

HEI

Earnings

M&A

Dividends

HEICO reported record-setting results for the Fourth Quarter of Fiscal 2025, with consolidated net income increasing 35% to $188.3 million, or $1.33 per diluted share, and consolidated net sales improving 19%.
Consolidated operating income grew 28%, and consolidated EBITDA increased 26% to $331.4 million in Q4 Fiscal 2025. Cash flow from operating activities also increased 44% to $295.3 million.
Both the Flight Support Group (FSG) and Electronic Technologies Group (ETG) achieved all-time quarterly records in net sales and operating income, driven by strong organic growth, including 16% for FSG.
The company completed five acquisitions in Fiscal 2025 and expects two more to close in Q1 calendar 2026, which are anticipated to be accretive to earnings. HEICO's net debt-to-EBITDA ratio improved to 1.6 as of October 31, 2025.
HEICO's board declared a semiannual $0.12 per share cash dividend, representing its 95th consecutive dividend. The company anticipates continued net sales growth across both segments in Fiscal 2026.

Dec 19, 2025, 2:00 PM

Transcript

HEICO Reports Record Q4 Fiscal 2025 Results and Strong Outlook

HEI

Earnings

Revenue Acceleration/Inflection

M&A

HEICO reported record Q4 Fiscal 2025 results, with consolidated net income increasing 35% to $188.3 million and diluted EPS rising to $1.33. Consolidated net sales grew 19%, and operating income improved 28%.
The Flight Support Group (FSG) achieved record net sales of $834.4 million, up 21% (including 16% organic growth), and operating income increased 30%. The Electronic Technologies Group (ETG) also set records with net sales of $384.8 million, up 14% (including 7% organic growth), and operating income increased 10%.
Consolidated EBITDA increased 26% to $331.4 million, and cash flow from operating activities rose 44% to $295.3 million in Q4 Fiscal 2025. The net debt-to-EBITDA ratio improved to 1.6 as of October 31, 2025.
HEICO completed five acquisitions in Fiscal 2025 and anticipates two more, including Ethos, to close in Q1 calendar 2026. Management expressed confidence in a robust M&A pipeline and their ability to leverage their strong balance sheet.
For Fiscal 2026, HEICO anticipates net sales growth across both groups, driven by organic growth and acquisitions. Management reiterated an aspirational long-term target of 15%-20% bottom-line growth.

Dec 19, 2025, 2:00 PM

Transcript

HEICO Reports Record Q4 Fiscal 2025 Results with Strong Growth and Acquisitions

HEI

Earnings

M&A

Guidance Update

HEICO reported record Q4 Fiscal 2025 results, with consolidated net income increasing 35% to $188.3 million and diluted earnings per share rising to $1.33.
Consolidated net sales grew 19% and operating income increased 28% in Q4 Fiscal 2025, driven by strong organic growth across both the Flight Support Group (16% organic growth) and Electronic Technologies Group (7% organic growth).
The company generated $295.3 million in cash flow from operating activities in Q4 Fiscal 2025, a 44% increase, and improved its net debt-to-EBITDA ratio to 1.6 as of October 31, 2025.
HEICO completed five acquisitions in Fiscal 2025 and expects to close two more in Q1 2026, while maintaining an aspirational target of 15%-20% bottom line growth. A semiannual $0.12 per share cash dividend was also declared.

Dec 19, 2025, 2:00 PM

Transcript

HEICO Corporation Reports Record Q4 and Full-Year Fiscal 2025 Results

HEI

Earnings

Revenue Acceleration/Inflection

HEICO Corporation reported record net income of $188.3 million, an increase of 35%, and record net sales of $1,209.4 million, an increase of 19%, for the fourth quarter of fiscal 2025.
For the full fiscal year ended October 31, 2025, net income attributable to HEICO reached a record $690.4 million, up 34%, with diluted earnings per share of $4.90.
The company's consolidated operating income increased 28% to a record $279.0 million in Q4 fiscal 2025, with the operating margin improving to 23.1% from 21.6% in Q4 fiscal 2024.
The Flight Support Group achieved record net sales of $834.4 million, up 21%, and record operating income of $201.0 million, up 30%, in the fourth quarter of fiscal 2025, driven by 16% quarterly organic net sales growth.

Dec 18, 2025, 10:02 PM

8-K

HEICO Corp. Reports Record Q3 2025 Results with Strong Organic Growth and Strategic Acquisitions

HEI

Earnings

M&A

Dividends

HEICO Corp. reported record third quarter fiscal 2025 results, with consolidated net income increasing 30% to $177.3 million or $1.26 per diluted share, and consolidated operating income and net sales increasing 22% and 16%, respectively, compared to the prior year.
The company achieved robust organic growth, with the Flight Support Group (FSG) seeing 13% organic net sales growth and the Electronic Technologies Group (ETG) achieving 7% organic net sales growth.
HEICO completed its fifth acquisition of fiscal 2025 in the third quarter, acquiring Gables Engineering, which is the third largest acquisition in HEICO's history and is expected to be accretive to earnings within the year.
HEICO's financial position remains strong, with a net debt to EBITDA ratio of 1.9 times as of July 31, 2025, and it paid its 94th consecutive semiannual cash dividend at $0.12 per share, representing a 9% increase.
Management anticipates continued net sales growth across both segments and projects FSG operating margins to be around 24% and ETG operating margins in the 22% to 24% range.

Aug 26, 2025, 7:25 PM

Earnings Transcripts

Quarterly earnings call transcripts for HEICO.

Q1 2026

Feb 26, 2026

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Q4 2025

Dec 19, 2025

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Q3 2025

Aug 26, 2025

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HEICO (HEI)

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