Financial Performance - Net income increased by 27% to $156.8 million, or $1.12 per diluted share, in Q2 2025, compared to $123.1 million, or $0.88 per diluted share, in Q2 2024[1] - Net sales reached a record $1,097.8 million in Q2 2025, up 15% from $955.4 million in Q2 2024[2] - Operating income rose 19% to a record $248.2 million in Q2 2025, compared to $209.2 million in Q2 2024[2] - Net sales for the three months ended April 30, 2025, increased to $1,097,820, a 14.9% rise from $955,395 in the same period of 2024[34] - Operating income for the three months ended April 30, 2025, was $248,152, up 18.6% from $209,153 in the prior year[34] - Net income attributable to HEICO for the three months ended April 30, 2025, was $156,793, representing a 27.4% increase compared to $123,146 in 2024[34] - For the six months ended April 30, 2025, net sales reached $2,128,042, a 14.9% increase from $1,851,758 in the same period of 2024[36] - The company's EBITDA for the six months ended April 30, 2025, was $571,614, up 19.9% from $476,838 in 2024[43] Cash Flow and Assets - Cash flow from operating activities increased by 45% to $204.7 million in Q2 2025, up from $141.1 million in Q2 2024[7] - Cash and cash equivalents increased to $242,309 as of April 30, 2025, compared to $162,103 at the end of October 2024[41] - Total assets grew to $8,092,176 as of April 30, 2025, from $7,592,822 at the end of October 2024[41] Debt and Ratios - The total debt to net income ratio improved to 3.79x as of April 30, 2025, down from 4.34x as of October 31, 2024[8] - The net debt to EBITDA ratio improved to 1.86 as of April 30, 2025, compared to 2.06 in the prior year[43] Segment Performance - The Flight Support Group's net sales increased 19% to a record $767.1 million in Q2 2025, up from $647.2 million in Q2 2024[11] - The Electronic Technologies Group's net sales increased 7% to $342.2 million in Q2 2025, up from $319.3 million in Q2 2024[18] - The Flight Support Group achieved 14% organic net sales growth in Q2 2025, reflecting increased demand across all product lines[10] - The Electronic Technologies Group's operating margin was 22.8% in Q2 2025, down from 23.6% in Q2 2024, primarily due to a lower gross profit margin[23] Tax Benefits - The company recognized a $27.2 million discrete tax benefit from stock option exercises during the first quarter of fiscal 2025, increasing net income attributable to HEICO by $26.5 million[40] Growth Strategy - The Company aims to achieve net sales growth across both segments, driven by strong organic demand and recent acquisitions[9]
HEICO (HEI_A) - 2025 Q2 - Quarterly Results