HEICO reports record Q3 net sales $723M, net income up 24%, completes $2B Wencor acquisition

HEICO CORP

2023-Q3 EPS reported $2.17 revenue$2,031,658,000

Q3 net sales record $722.9M (+27% YoY); diluted EPS $0.74 vs $0.60; net income $102.0M (+24%).
Flight Support Group net sales record $405.0M (+23% YoY); operating income $89.2M (+26%).
Electronic Technologies Group net sales record $325.9M (+33% YoY); operating income $74.2M (+9%).
Completed $2.05B Wencor acquisition (cash & shares) on Aug 4, 2023; expects accretion within one year.
Issued $1.2B senior notes (5.25% due 2028 and 5.35% due 2033) to fund Wencor.

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 0.4

HEICO CORP reported financial results for the three and nine months ended July 31, 2023.

Period: the three and nine months ended July 31, 2023
Result: reported results

Exact text from the filing

On August 28, 2023, HEICO Corporation (the "Company") issued a press release announcing its results of operations for the three and nine months ended July 31, 2023.

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Source: SEC EDGAR

accession 0000046619-23-000123

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