HEICO (US:HEI)2025-12-18 22:02Financial Performance - Net income for the fourth quarter of fiscal 2025 increased 35% to a record $188.3 million, or $1.33 per diluted share, compared to $139.7 million, or $0.99 per diluted share, in the fourth quarter of fiscal 2024[1]. - Net sales rose 19% to a record $1,209.4 million in the fourth quarter of fiscal 2025, up from $1,013.7 million in the same quarter of fiscal 2024[2]. - Operating income increased 28% to a record $279.0 million in the fourth quarter of fiscal 2025, compared to $218.6 million in the fourth quarter of fiscal 2024[2]. - HEICO's net sales for the three months ended October 31, 2025, increased to $1,209,411,000, up 19.3% from $1,013,665,000 in the same period of 2024[30]. - Operating income for the same period rose to $279,022,000, a 27.6% increase compared to $218,646,000 in the prior year[30]. - Net income attributable to HEICO for the three months ended October 31, 2025, was $188,296,000, representing a 34.8% increase from $139,688,000 in 2024[30]. - For the year ended October 31, 2025, HEICO reported net sales of $4,485,044,000, a 16.3% increase from $3,857,669,000 in 2024[32]. - The Flight Support Group generated net sales of $3,117,277,000 for the year ended October 31, 2025, up 18.1% from $2,639,354,000 in 2024[32]. - HEICO's EBITDA for the year ended October 31, 2025, was $1,219,507,000, a 21.7% increase from $1,002,230,000 in 2024[38]. Cash Flow and Debt Management - Cash flow from operating activities increased 44% to $295.3 million in the fourth quarter of fiscal 2025, up from $205.6 million in the fourth quarter of fiscal 2024[7]. - The company reported a net cash provided by operating activities of $934,266,000 for the year ended October 31, 2025, compared to $672,370,000 in 2024[37]. - The total debt to net income attributable to HEICO ratio improved to 3.14x as of October 31, 2025, down from 4.34x as of October 31, 2024[8]. - The net debt to EBITDA ratio improved to 1.60 for the year ended October 31, 2025, down from 2.06 in 2024[38]. - Cash and cash equivalents at the end of the year increased to $217,781,000 from $162,103,000 in 2024[37]. Segment Performance - The Flight Support Group's net sales increased 21% to a record $834.4 million in the fourth quarter of fiscal 2025, up from $691.8 million in the fourth quarter of fiscal 2024[12]. - The Electronic Technologies Group's net sales increased 14% to a record $384.8 million in the fourth quarter of fiscal 2025, up from $336.2 million in the fourth quarter of fiscal 2024[16]. Acquisitions and Future Outlook - HEICO completed five acquisitions in fiscal 2025, contributing to net sales and earnings growth[9]. - Looking ahead to fiscal 2026, HEICO anticipates net sales growth across both the Flight Support Group and Electronic Technologies Group, driven by organic growth and recent acquisitions[10]. Dividends - The Company declared a semiannual cash dividend of $0.12 per share, marking the 95th consecutive semiannual cash dividend since 1979[9]. Total Assets - HEICO's total assets as of October 31, 2025, were $8,500,434,000, an increase from $7,592,822,000 in 2024[36].