secwatch.observer — SEC 8-K summary
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Issuer:     HEICO CORP (HEI)
CIK:        0000046619
Form:       8-K
Filed at:   2021-08-24T23:59:59+00:00
Accession:  0000046619-21-000037
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HEICO Q3 net income up 42% to $76.9M; sales +22% as commercial aerospace recovers
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- Diluted EPS of $0.56 vs $0.40 YoY; operating income +47% to $100.8M.
- Flight Support Group net sales +33% to $237.1M; operating income +250% to $42.1M.
- Electronic Technologies Group net sales +14% to $239.5M; operating income +11% to $69.0M.
- Operating cash flow +33% to $124M; net debt/EBITDA improved to 0.25x.
- Completed acquisitions of Ridge Engineering and Bechdon (89% stakes); expected accretive within 12 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46619/000004661921000037/0000046619-21-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46619/000004661921000037/hei-20210824.htm
  HTML page:      https://secwatch.observer/filing/0000046619-21-000037

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