secwatch.observer — SEC 8-K summary
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Issuer:     HEICO CORP (HEI)
CIK:        0000046619
Form:       8-K
Filed at:   2024-08-26T23:59:59+00:00
Accession:  0000046619-24-000057
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46619/000004661924000057/0000046619-24-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46619/000004661924000057/hei-20240826.htm
  HTML page:      https://secwatch.observer/filing/0000046619-24-000057

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer