---
schema_version: "secwatch.filing_event.v1"
accession: "0000046619-24-000012"
form_type: "8-K"
ticker: "HEI"
cik: "0000046619"
company_name: "HEICO CORP"
filed_at: "2024-02-26T23:59:59+00:00"
generated_at: "2026-06-05T15:55:10.826138+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# HEICO Q1 FY2024 net sales +44%, net income +23% to $114.7M; Flight Support Group record sales up 67%

## Summary
- Diluted EPS $0.82 vs $0.67; net income $114.7M vs $93.0M; operating income +39% to $180.2M.
- Flight Support Group net sales record $618.7M (+67%); operating income record $136.1M (+63%); organic growth 12%.
- Electronic Technologies Group net sales +12% to $285.9M; operating income $55.3M vs $56.5M; margin 19.3% vs 22.2%.
- Cash flow from operations +46% to $111.7M; EBITDA +43% to $224.4M; net debt/EBITDA improved to 2.79x.
- Guidance: Net sales growth anticipated in both segments driven by FY2023 acquisitions and continued demand.

## SEC filing metadata
- accession: 0000046619-24-000012
- form_type: 8-K
- ticker: HEI
- cik: 0000046619
- company_name: HEICO CORP
- filed_at: 2024-02-26T23:59:59+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/46619/000004661924000012/0000046619-24-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/46619/000004661924000012/hei-20240226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000046619-24-000012
- JSON: https://secwatch.observer/filing/0000046619-24-000012.json
- Plain text: https://secwatch.observer/filing/0000046619-24-000012.txt

## Key facts
- Earnings Releases
  HEICO CORP reported the first quarter of fiscal 2024 results: revenue $896.4 million, net income $114.7 million, EPS $.82 per diluted share.
  - Period: the first quarter of fiscal 2024
  - Revenue: $896.4 million
  - Net income: $114.7 million
  - EPS: $.82 per diluted share
  - Result: reported results
  source text: Net sales increased 44% to $896.4 million in the first quarter of fiscal 2024, up from $620.9 million in the first quarter of fiscal 2023. Operating income increased 39% to $180.2 million in the first quarter of fiscal 2024, up from $129.4 million in the first quarter of fiscal 2023. The Company's consolidated operating margin was 20.1% in the first quarter of fiscal 2024, as compared to 20.8% in the first quarter of fiscal 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/46619/000004661924000012/0000046619-24-000012-index.htm

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