secwatch.observer — SEC 8-K summary
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Issuer:     HEICO CORP (HEI)
CIK:        0000046619
Form:       8-K
Filed at:   2023-08-28T23:59:59+00:00
Accession:  0000046619-23-000123
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46619/000004661923000123/0000046619-23-000123-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46619/000004661923000123/hei-20230828.htm
  HTML page:      https://secwatch.observer/filing/0000046619-23-000123

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