secwatch.observer — SEC 8-K summary
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Issuer:     HEICO CORP (HEI)
CIK:        0000046619
Form:       8-K
Filed at:   2022-08-29T23:59:59+00:00
Accession:  0000046619-22-000040
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HEICO Q3 FY2022: Record sales $569.5M (+21%), op income $128.7M (+28%)
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- Net income $82.5M ($0.60 EPS) vs $76.9M ($0.56) prior year; 9-month net income record $254.5M ($1.85).
- Flight Support Group net sales $330.3M (+39%), operating income $70.8M (+68%); 24% organic growth in commercial aerospace.
- Electronic Technologies Group net sales $244.2M (+2%), operating income $68.0M (down 1.4% YoY) on defense demand decrease.
- Completed five FY2022 acquisitions; agreed to purchase ~95% of Exxelia International for €453M, closing expected Q1 FY2023.
- Balance sheet strong: total debt/equity 9.9%, net debt/EBITDA 0.20x; no guidance provided due to pandemic uncertainty.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46619/000004661922000040/0000046619-22-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46619/000004661922000040/hei-20220829.htm
  HTML page:      https://secwatch.observer/filing/0000046619-22-000040

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