secwatch.observer — SEC 8-K summary
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Issuer:     HEICO CORP (HEI)
CIK:        0000046619
Form:       8-K
Filed at:   2024-05-28T23:59:59+00:00
Accession:  0000046619-24-000037
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HEICO Q2 FY2024: Record sales up 39%, net income up 17% to $123.1M
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- Net sales record $955.4M (+39% YoY); operating income record $209.2M (+33%); diluted EPS $0.88.
- Flight Support Group net sales record $647.2M (+65%), with 12% organic growth; operating income record $148.9M (+49%).
- Electronic Technologies Group net sales $319.3M (+6%), operating income $75.3M (+11%), margin improved to 23.6%.
- Cash from operations surged 82% to $141.1M; net debt-to-EBITDA improved to 2.45x from 3.04x.
- Company expects continued net sales growth in both segments, driven by acquisitions and demand.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46619/000004661924000037/0000046619-24-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46619/000004661924000037/hei-20240528.htm
  HTML page:      https://secwatch.observer/filing/0000046619-24-000037

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