HEICO Corporation Acquires Leading Provider of Business and Regional Jet Avionics Repair SolutionsHEICO Corporation (NYSE:HEI.A)(
NYSEHEI) today announced its Flight Support Group has acquired 90% of the stock of Millennium International, LLC ("Millennium"). The balance of the company's ownership will continue to be held by its co-founders. Transaction terms and financial details were not disclosed.
HEICO Subsidiary Acquires Exclusive License and Key Related Assets for Honeywell's Boeing 777 AIMS & 737NG via Product LinesMIRAMAR, FL and HOLLYWOOD, FL / ACCESS Newswire / January 28, 2025 / HEICO Corporation (NYSE:HEI.A, HEI) today announced its Sunshine Avionics subsidiary entered into an exclusive license agreement and acquired key assets for the Boeing 777 AIMS (Airplane Information Management System) and Boeing 737NG/P-8/E-7 VIA (Versatile Integrated Avionics) product lines from Honeywell. The transaction was structured as an exclusive perpetual license and asset purchase. Sunshine Avionics is part of HEICO's Flight Support Group. Transaction terms and financial details were not disclosed.
HEICO Corporation Reports Record Net Income (Up 35%), Operating Income (Up 15%) and Net Sales (Up 8%) for the Fourth Quarter of Fiscal 2024HOLLYWOOD, FL and MIAMI, FL / ACCESSWIRE / December 17, 2024 / HEICO CORPORATION (NYSE:HEI.A)(
NYSEHEI) today reported net income increased 35% to a record $139.7 million, or $.99 per diluted share, in the fourth quarter of fiscal 2024, up from $103.4 million, or $.74 per diluted share, in the fourth quarter of fiscal 2023. Net income increased 27% to a record $514.1 million, or $3.67 per diluted share, in the fiscal year ended October 31, 2024, up from $403.6 million, or $2.91 per diluted share, in the fiscal year ended October 31, 2023.
HEICO Corporation Announces Regular Quarterly Conference CallHOLLYWOOD, FL and MIAMI, FL / ACCESSWIRE / December 3, 2024 / On December 17, 2024 after the NYSE closing, HEICO Corporation (NYSE:HEI.A)(
NYSEHEI) will release its financial results for the fourth quarter ended October 31, 2024. The earnings release will be available through the Internet on the Company's website at https://www.heico.com.
HEICO Corporation Subsidiary Acquires Specialty Component Maker in IndiaMIAMI, FL, PARIS, FRANCE, and CHENNAI, INDIA / ACCESSWIRE / November 4, 2024 / HEICO Corporation today announced that its Paris, France-based Exxelia subsidiary acquired 70% of SVM Private Limited ("SVM") for cash paid at closing. Exxelia is part of HEICO's Electronic Technologies Group. SVM's management retains the remaining 30% ownership.
HEICO Corporation Acquires Leading Business Jet In-Cabin Component MakerMIAMI, FL and DERBY, KS / ACCESSWIRE / October 21, 2024 / HEICO Corporation (NYSE:HEI.A)(
NYSEHEI) today announced that its Electronic Technologies Group acquired approximately 88% of Mid Continent Controls, Inc. ("MC2") for cash at closing. Key MC2 managers will continue to own the balance of the company. Additional financial details were not disclosed.
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HEICO Corporation Acquires Leading Power Distribution Systems MakerSANTA ANA, CA and MIAMI, FL / ACCESSWIRE / October 1, 2024 / HEICO Corporation (
NYSEHEI) and (NYSE:HEI.A) today announced that its Electronic Technologies Group acquired 92.5% of Marway Power Solutions, Inc. ("Marway") for cash at closing. The balance of the company's ownership will continue to be held by its executive management. Further financial terms were not disclosed.
Gabelli Funds to Host 30th Annual Aerospace & Defense Symposium at The Harvard Club, New York City Thursday, September 5, 2024RYE, N.Y., Aug. 28, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, is hosting our annual Aerospace & Defense Symposium at The Harvard Club in New York City on September 5th. The conference will draw top executives from more than ten companies, with a focus on the themes of strong demand outlook, high barriers to entry, large aftermarket opportunity, growth in excess of GDP, defense spending, and M&A potential for the Aerospace and Defense industry. Attendees will also have the opportunity to meet with management in a one-on-one setting. Prospective attendees can learn more about the symposium on our website.
Gabelli Funds to Host 30th Annual Aerospace & Defense Symposium at The Harvard Club, New York City Thursday, September 5, 2024RYE, N.Y., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, is hosting our annual Aerospace & Defense Symposium at The Harvard Club in New York City on September 5th. The conference will draw top executives from more than ten companies, with a focus on the themes of strong demand outlook, high barriers to entry, large aftermarket opportunity, growth in excess of GDP, defense spending, and M&A potential for the Aerospace and Defense industry. Attendees will also have the opportunity to meet with management in a one-on-one setting. Prospective attendees can learn more about the symposium on our website.
HEICO Corporation Reports Record Net Sales (Up 37%), Operating Income (Up 45%) and Net Income (Up 34%) for the Third Quarter of Fiscal 2024HOLLYWOOD, FL and MIAMI, FL / ACCESSWIRE / August 26, 2024 / HEICO CORPORATION (NYSE:HEI.A)(
NYSEHEI) today reported net income increased 34% to a record $136.6 million, or $.97 per diluted share, in the third quarter of fiscal 2024, up from $102.0 million, or $.74 per diluted share, in the third quarter of fiscal 2023. Net income increased 25% to a record $374.4 million, or $2.67 per diluted share, in the first nine months of fiscal 2024, up from $300.2 million, or $2.17 per diluted share, in the first nine months of fiscal 2023.
HEICO Corporation Acquires Leading Provider of Proprietary Aircraft Cockpit Emergency Egress and Aerial Delivery SolutionsSOUTH WINDSOR, CT and MIAMI, FL / ACCESSWIRE / August 22, 2024 / HEICO Corporation (NYSE:HEI.A)(
NYSEHEI) today announced its Flight Support Group has acquired the Aerial Delivery and Descent Devices divisions of Capewell Aerial Systems ("Capewell") for cash at closing. Additional financial details were not disclosed.
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HEICO Corporation Announces Regular Quarterly Conference CallHOLLYWOOD, FL and MIAMI, FL / ACCESSWIRE / August 13, 2024 / On August 26, 2024 after the NYSE closing, HEICO Corporation (NYSE: HEI.A)(
NYSEHEI) will release its financial results for the third quarter ended July 31, 2024. The earnings release will be available through the Internet on the Company's website at https://www.heico.com.
HEICO Corporation Reports Record Net Sales (Up 39%), Operating Income (Up 33%) and Net Income (Up 17%) for the Second Quarter of Fiscal 2024HOLLYWOOD, FL and MIAMI, FL / ACCESSWIRE / May 28, 2024 / HEICO CORPORATION (NYSE:HEI.A)(
NYSEHEI) 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 diluted share, in the second quarter of fiscal 2023. Net income increased 20% to a record $237.8 million, or $1.70 per diluted share, in the first six months of fiscal 2024, up from $198.1 million, or $1.43 per diluted share, in the first six months of fiscal 2023.
HEICO Corporation Announces Regular Quarterly Conference CallHOLLYWOOD, FL and MIAMI, FL / ACCESSWIRE / May 13, 2024 / On May 28, 2024 after the NYSE closing, HEICO Corporation (NYSE:HEI.A)(
NYSEHEI) will release its financial results for the second quarter ended April 30, 2024. The earnings release will be available through the Internet on the Company's website at https://www.heico.com.
HEICO Corporation Reports Strong Growth of 44% in Net Sales, 39% in Operating Income and 23% in Net Income for the First Quarter of Fiscal 2024HOLLYWOOD, FL and MIAMI, FL / ACCESSWIRE / February 26, 2024 / HEICO CORPORATION (NYSE:HEI.A)(
NYSEHEI) today reported an increase in net income of 23% to $114.7 million, or $.82 per diluted share, in the first quarter of fiscal 2024, up from $93.0 million, or $.67 per diluted share, in the first quarter of fiscal 2023.
HEICO Corporation Announces Regular Quarterly Conference CallHOLLYWOOD, FL and MIAMI, FL / ACCESSWIRE / February 8, 2024 / On February 26, 2024 after the NYSE closing, HEICO Corporation (NYSE:HEI.A)(
NYSEHEI) will release its financial results for the first quarter ended January 31, 2024. The earnings release will be available through the Internet on the Company's website at https://www.heico.com.
HEICO Corporation CEO Laurans A. Mendelson Receives Living Legends of Aviation AwardMIAMI, FL / ACCESSWIRE / January 22, 2024 / HEICO Corporation (NYSE: HEI.A)(
NYSEHEI) today reported that Laurans A. Mendelson, the Company's Chairman & Chief Executive Officer, received the Kenn Ricci Lifetime Aviation Entrepreneur Award from the Living Legends of Aviation on January 19, 2024.
HEICO Subsidiary Acquires Exclusive License and Key Related Assets for Select Honeywell Display Product LinesMIRAMAR, FL and HOLLYWOOD, FL / ACCESSWIRE / January 16, 2024 / HEICO Corporation (NYSE:HEI.A) and (
NYSEHEI) today announced its Sunshine Avionics subsidiary entered into an exclusive license and acquired key assets from Honeywell International ("Honeywell") that will provide the capability to support the Boeing 737NG/777 Cockpit Displays and Legacy Displays product lines. The transaction was structured as an exclusive perpetual license and asset purchase. Sunshine Avionics is part of HEICO's Flight Support Group. Transaction terms and financial details were not disclosed.
It’s high time to take a look at HEICO CorporationHEICO Corporation enters a hyper-growth phase as it leans into acquisitions to help fuel growth; organic growth is up double-digits with strength expected.
