secwatch.observer — SEC 8-K summary
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Issuer:     HEICO CORP (HEI)
CIK:        0000046619
Form:       8-K
Filed at:   2023-05-22T23:59:59+00:00
Accession:  0000046619-23-000081
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46619/000004661923000081/0000046619-23-000081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46619/000004661923000081/hei-20230522.htm
  HTML page:      https://secwatch.observer/filing/0000046619-23-000081

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