HEICO's cost of sales increased 38.5% year over year to $583.6 million in the quarter under review. The company's selling, general and administrative expenses increased 48.6% to $162.6 million. Flight Support Group: Net sales from this segment surged 65% year over year to $647.2 million. This rise was driven by strong organic growth of 12% and the positive impact of its fiscal 2024 acquisitions. The segment's operating income rose 11% year over year to $75.3 million, primarily driven by improved gross profi ...

HEI's current ratio at the end of the second quarter of fiscal 2024 was 3.52. The ratio being greater than one indicates the company's ability to meet its future short-term liabilities without difficulties. In the past six months, HEI shares have surged 24.8% compared with its industry's return of 15.9%. Other Stocks to Consider Let's focus on the reasons that make this Zacks Rank #2 (Buy) stock an attractive investment pick at the moment. Solid Growth Projections & Surprise History The Zacks Consensus Esti ...

The Aerospace group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Heico Corporation (HEI) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Aerospace sector should help us answer this question. Over the past 90 days, the Zacks Consensus Estimate for HEI's full-year earnings has moved 2.1% higher. This signals that analyst sentiment is improving and the stock' ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to _______ Commission File Number: 001-04604 HEICO CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporatio ...

HEICO Corporation's (HEI) second-quarter fiscal 2024 earnings per share (EPS) of 88 cents beat the Zacks Consensus Estimate of 80 cents by 10%. The bottom line also improved 15.8% from the prior-year quarter's 76 cents. Total Sales The year-over-year upside was driven by increased sales volume from both the Flight Support Group and Electric Technologies Group segments. The company's net sales increased 38.9% year over year to $955.4 million in the reported quarter. The figure also beat the Zacks Consensus E ...

Company Participants Operator Our ability to make acquisitions, including obtaining any applicable domestic and/or foreign governmental approvals and achieve operating synergies from acquired businesses; customer credit risk, interest, foreign currency exchange and income tax rates; and economic conditions, including the effects of inflation within and outside of the aviation, defense, space, medical, telecommunications and electronics industries, which could negatively impact our costs and revenues. Thank ...

Here is how Heico performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: View all Key Company Metrics for Heico here>>> Heico Corporation (HEI) reported $955.4 million in revenue for the quarter ended April 2024, representing a year-over-year increase of 38.9%. EPS of $0.88 for the same period compares to $0.76 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $943.55 million, representing a surprise of +1.26%. T ...

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 ...

The Aerospace group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Heico Corporation (HEI) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Aerospace peers, we might be able to answer that question. Heico Corporation is a member of the Aerospace sector. This group includes 45 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank includes ...