HEICO reports record FY2023 net sales up 34% to $2.97B, EPS $2.91 (+15%)

HEICO CORP

2023-FY EPS reported $2.91 revenue$2,968,105,000

Q4 net sales $936.4M (+54% YoY); operating income $189.4M (+29%); diluted EPS $0.74 (+6%).
Full-year diluted EPS $2.91 (+15% YoY); net income $403.6M; acquisition costs reduced EPS by $0.15.
Flight Support Group net sales $1,770.2M (+41% YoY); Electronic Technologies net sales $1,225.2M (+26% YoY).
Declared semi-annual dividend of $0.10/share; 91st consecutive since 1979.
Fiscal 2024 outlook: net sales growth expected in both segments; Wencor integration ongoing.

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 0.95

HEICO CORP reported the fiscal year ended October 31, 2023 results: revenue $2,968.1 million, net income $403.6 million, EPS $2.91 per diluted share.

Period: the fiscal year ended October 31, 2023
Revenue: $2,968.1 million
Net income: $403.6 million
EPS: $2.91 per diluted share
Result: reported results

Exact text from the filing

Net sales increased 34% to a record $2,968.1 million in the fiscal year ended October 31, 2023, up from $2,208.3 million in the fiscal year ended October 31, 2022

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HEICO CORP reported the fourth quarter of fiscal 2023 results: revenue $936.4 million, net income $103.4 million, EPS $.74 per diluted share.

Period: the fourth quarter of fiscal 2023
Revenue: $936.4 million
Net income: $103.4 million
EPS: $.74 per diluted share
Result: reported results

Exact text from the filing

net sales increased 54% to a record $936.4 million in the fourth quarter of fiscal 2023, up from $609.6 million in the fourth quarter of fiscal 2022

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Source: SEC EDGAR

accession 0000046619-23-000159

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