secwatch.observer — SEC 8-K summary
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Issuer:     HEICO CORP (HEI)
CIK:        0000046619
Form:       8-K
Filed at:   2024-02-26T23:59:59+00:00
Accession:  0000046619-24-000012
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46619/000004661924000012/0000046619-24-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46619/000004661924000012/hei-20240226.htm
  HTML page:      https://secwatch.observer/filing/0000046619-24-000012

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