---
schema_version: "secwatch.filing_event.v1"
accession: "0000046619-23-000081"
form_type: "8-K"
ticker: "HEI"
cik: "0000046619"
company_name: "HEICO CORP"
filed_at: "2023-05-22T23:59:59+00:00"
generated_at: "2026-06-14T18:43:20.280865+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# HEICO Q2 record: rev $687.8M, op inc $157.1M, EPS $0.76; announces $1.9B Wencor acquisition

## Summary
- Record net sales $687.8M (+28% YoY), operating income $157.1M (+28%), net income $105.1M ($0.76 diluted EPS, +24%).
- Flight Support Group net sales record $392.2M (+28%), operating margin improved to 25.5% from 21.6%.
- Electronic Technologies Group net sales record $301.8M (+27%), operating margin 22.5% vs 27.8% prior year.
- Agreed to acquire Wencor for $1.9B cash + $150M stock; expected close by end of calendar 2023.
- Organic growth 10% consolidated; cash from ops $77.8M; debt-to-equity 26.4% due to Exxelia financing.

## SEC filing metadata
- accession: 0000046619-23-000081
- form_type: 8-K
- ticker: HEI
- cik: 0000046619
- company_name: HEICO CORP
- filed_at: 2023-05-22T23:59:59+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/46619/000004661923000081/0000046619-23-000081-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/46619/000004661923000081/hei-20230522.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000046619-23-000081
- JSON: https://secwatch.observer/filing/0000046619-23-000081.json
- Plain text: https://secwatch.observer/filing/0000046619-23-000081.txt

## Key facts
- Earnings Releases
  HEICO CORP reported the three and six months ended April 30, 2023 results: revenue $687.8 million, net income $105.1 million, EPS $.76 per diluted share.
  - Period: the three and six months ended April 30, 2023
  - Revenue: $687.8 million
  - Net income: $105.1 million
  - EPS: $.76 per diluted share
  - Result: reported results
  source text: 28%, and Record Net Sales, which Increased 28% HOLLYWOOD, FL and MIAMI, FL -- HEICO CORPORATION (NYSE: HEI.A) (NYSE: HEI) today reported net sales increased 28% to a record $687.8 million in the second quarter of fiscal 2023, up from $538.8 million in the second quarter of fiscal 2022. Operating income increased 28% to a record $157.1 million in the second quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/46619/000004661923000081/0000046619-23-000081-index.htm

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