secwatch.observer — SEC 8-K summary
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Issuer:     HEICO CORP (HEI)
CIK:        0000046619
Form:       8-K
Filed at:   2023-02-27T23:59:59+00:00
Accession:  0000046619-23-000049
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46619/000004661923000049/0000046619-23-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46619/000004661923000049/hei-20230227.htm
  HTML page:      https://secwatch.observer/filing/0000046619-23-000049

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