---
schema_version: "secwatch.filing_event.v1"
accession: "0000046619-23-000049"
form_type: "8-K"
ticker: "HEI"
cik: "0000046619"
company_name: "HEICO CORP"
filed_at: "2023-02-27T23:59:59+00:00"
generated_at: "2026-06-19T00:06:58.022510+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0000046619-23-000049
- form_type: 8-K
- ticker: HEI
- cik: 0000046619
- company_name: HEICO CORP
- filed_at: 2023-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/46619/000004661923000049/0000046619-23-000049-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/46619/000004661923000049/hei-20230227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000046619-23-000049
- JSON: https://secwatch.observer/filing/0000046619-23-000049.json
- Plain text: https://secwatch.observer/filing/0000046619-23-000049.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/46619/000004661923000049/0000046619-23-000049-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.