HEICO reports record Q1 net sales of $620.9M, operating income up 31% to $129.4M

HEICO CORP

2023-Q1 EPS reported $0.67 revenue$620,915,000

Net sales record $620.9M (+27% YoY); operating income $129.4M (+31%); diluted EPS $0.67.
Flight Support Group net sales $371.3M (+36%), operating income $83.6M (+60%), margin 22.5%.
Electronic Technologies Group net sales $255.1M (+15%), operating income $56.5M (+2%).
Completed Exxelia International acquisition in Jan 2023, HEICO's largest-ever; debt ratios increased.
Consolidated organic net sales growth 14%; Flight Support Group organic growth 23%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HEICO CORP reported the three months ended January 31, 2023 results: revenue $620.9 million, net income $93.0 million, EPS $.67 per diluted share.

Period: the three months ended January 31, 2023
Revenue: $620.9 million
Net income: $93.0 million
EPS: $.67 per diluted share
Result: reported results

Exact text from the filing

HEICO CORPORATION (NYSE: HEI.A) (NYSE: HEI) today reported net sales increased 27% to a record $620.9 million in the first quarter of fiscal 2023, up from $490.3 million in the first quarter of fiscal 2022.

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Source: SEC EDGAR

accession 0000046619-23-000049

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