HEICO posts record Q3 net sales up 37% to $992M; EPS $0.97 vs $0.74 YoY

HEICO CORP

2024-Q3 EPS reported $2.67 revenue$2,844,004,000

Q3 net income rose 34% to $136.6M ($0.97 diluted EPS); operating income up 45% to $216.4M.
Flight Support Group net sales +68% to $681.6M; organic growth 15% with 17% growth in aftermarket parts.
Electronic Technologies Group net sales $322.1M (flat YoY); operating income +2% to $75.8M, margin improved to 23.5%.
Consolidated operating margin improved to 21.8% from 20.7%; cash flow from ops up 47% to $214M.
Acquired Capewell Aerial Systems divisions; expects accretion within one year. Net debt/EBITDA improved to 2.11x.

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