EXHIBIT 99.1 May 28, 2024 Victor H. Mendelson (305) 374-1745 ext. 7590 Carlos L. Macau, Jr. (954) 987-4000 ext. 7570 HEICO CORPORATION REPORTS RECORD NET SALES (UP 39%), OPERATING INCOME (UP 33%) AND NET INCOME (UP 17%) FOR THE SECOND QUARTER OF FISCAL 2024 HOLLYWOOD, FL and MIAMI, FL -- HEICO CORPORATION (NYSE: HEI.A) (NYSE: HEI) today reported an increase in net income of 17% to a record $123.1 million, or $.88 per diluted share, in the second quarter of fiscal 2024, up from $105.1 million, or $.76 per di ...

For HEI, shares are up 0.82% over the past week while the Zacks Aerospace - Defense Equipment industry is up 1.56% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 5.26% compares favorably with the industry's 7.24% performance as well. While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics -- such as performance over the past three months or year ...

Group 1 - Heico Corporation (HEI) is outperforming its Aerospace peers with a year-to-date return of 20.7%, while the Aerospace sector has returned an average of -3.1% [4] - The Zacks Rank for Heico Corporation is 2 (Buy), indicating a positive earnings outlook with a 2.4% increase in the consensus estimate for full-year earnings over the past quarter [3] - Heico Corporation belongs to the Aerospace - Defense Equipment industry, which has an average gain of 14.3% this year, further highlighting its strong performance [5] Group 2 - Another outperforming stock in the Aerospace sector is Leidos (LDOS), which has returned 38.4% year-to-date and has a Zacks Rank of 1 (Strong Buy) [4][5] - The Aerospace - Defense industry, which includes Leidos, has seen a decline of -8.3% since the beginning of the year, contrasting with Heico's performance [6]

Group 1 - Analysts project Heico Corporation (HEI) will announce quarterly earnings of $0.80 per share, a 5.3% increase year over year, with revenues expected to reach $941.61 million, reflecting a 36.9% increase from the same quarter last year [1] - The consensus EPS estimate has been revised 0.8% higher over the last 30 days, indicating a collective reevaluation by analysts covering the stock [2] - Revisions to earnings estimates are crucial indicators for predicting potential investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock price performance [3] Group 2 - Analysts estimate 'Net Sales- Electronic Technologies Group (ETG)' will reach $346.47 million, a 14.8% increase from the prior-year quarter [5] - The estimated 'Net Sales- Flight Support Group (FSG)' is projected at $601.62 million, indicating a 53.4% increase from the prior-year quarter [5] - Predictions for 'Operating income- Flight Support Group' are $130.67 million, up from $99.91 million reported in the same quarter last year, while 'Operating income- Electronic Technologies Group' is expected to be $75.27 million, compared to $67.98 million in the same quarter of the previous year [6] Group 3 - Heico shares have shown returns of +5.5% over the past month, compared to the Zacks S&P 500 composite's +7.3% change, with a Zacks Rank 2 (Buy) indicating expectations to outperform the overall market in the near future [6]

Wall Street expects a year-over-year increase in earnings on higher revenues when Heico Corporation (HEI) reports results for the quarter ended April 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 28. ...

HAKINMHAN In November 2023, I covered HEICO (NYSE:HEI), maintaining my buy rating with a $211.28 price target. HEI stock is currently trading at $211.36, meaning that it hit my price target. That is why I am revisiting the stock to assess whether there is additional upside for the stock, or whether this is the time to change my rating. HEICO Corp. Stock Price Shows Strength Data by YCharts HEICO has a 10-year stock price development that looks impressive, gaining 650% while the S&P 500 gained 172.6%. So ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Heico Corporation (HEI) . This company, which is in the Zacks Aerospace - Defense Equipment industry, shows potential for another earnings beat.This company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quart ...

BLACKSBURG, Va., May 1, 2024 /PRNewswire/ -- VPT, Inc., a HEICO company (NYSE:HEI.A) (NYSE: HEI), announces the release of its first DC-DC power supply with extremely quiet and low noise outputs (<0.25 mV), designed specifically for noise-sensitive RF space applications, the SLNP17-100CQ. Through a multi-stage approach, this converter demonstrates an exceptional rejection of noise for both conducted emissions and conducted susceptibility. This quad-output solution equipped with an integrated EMI filter, de ...

BLACKSBURG, Va., March 13, 2024 /PRNewswire/ -- VPT, Inc., a HEICO company (NYSE:HEI.A) (NYSE: HEI), announces the release of the first-ever configurable box solution featuring state-of-the-art GaN technology: the SGRBX. Housing up to four award-winning SGRB DC-DC converter slices within its framework, the SGRBX delivers up to 1600 watts of output power. Utilizing the SGRB's advanced fixed frequency, reduced voltage switching topology, the SGRBX has extremely low input and output noise. In addition, the SGR ...

HEICO Corporation’s (HEI) first-quarter fiscal 2024 earnings per share (EPS) of 82 cents beat the Zacks Consensus Estimate of 73 cents by 12.3%. The bottom line also improved 22.4% from the prior-year quarter’s 67 cents.Total SalesThe company’s net sales increased 44.4% year over year to $896.4 million in the reported quarter. Total sales also beat the Zacks Consensus Estimate of $875 million by 2.4%.The year-over-year upside was driven by increased sales volume from both the Flight Support Group and Electr ...