Why Is Heico (HEI) Up 5.7% Since Last Earnings Report?

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 ...