HEICO Corporation Earnings Recaps
Q3 2026
Aug 28, 2026
HEICO shares fell 1.4% after earnings, a roughly flat reaction. Revenue, earnings and both segments grew, while the transcript provided no specific outlook update to explain the move.
Key takeaways
- Third-quarter sales rose 23% to a record $1.413 billion; net income increased 33% to $235.4 million, or $1.67 per diluted share.
- Operating income grew 34% to $355.2 million. Management cited continued margin expansion but gave no margin figures in the excerpt.
- Electronic Technologies Group sales increased 36%, including 18% organic growth; Flight Support Group sales rose 18%, including 12% organic growth.
- Operating cash flow increased 49% to $345.3 million. Net debt-to-EBITDA was 1.57x at July 31, down from 1.60x at October 31.
- HEICO issued $1.2 billion of senior unsecured notes and used the proceeds to repay revolving-credit borrowings; it also extended and expanded its revolving credit facility.
Q2 2026
May 30, 2026
HEICO’s shares jumped 12.5% following the quarter, reflecting investor approval of robust organic growth and record operating income across key segments, driven by strong demand in Electronic Technologies and Flight Support.
Key takeaways
- Consolidated net income rose 49% year-over-year, reaching a record level.
- Operating income increased 41%, supported by both organic growth and acquisitions.
- Net sales grew 25%, with Electronic Technologies posting 17% organic growth and Flight Support 19%.
- Both Electronic Technologies and Flight Support Groups set all-time quarterly records in operating income and net sales.
- Strength was broad-based, spanning commercial aviation, defense, and space markets, with solid order and backlog momentum.
Q1 2026
Feb 26, 2026
HEICO Corporation reported a robust first quarter for fiscal 2026, posting record net income of $190.2 million, driven by significant sales and operating income growth across its divisions.
Key takeaways
- Net income rose 13% year-over-year to $190.2 million, translating to $1.35 per diluted share.
- Consolidated operating income and net sales grew by 15% and 14%, respectively, compared to the prior year.
- The Flight Support Group experienced operational income and sales increases of 21% and 15%, fueled by strong organic growth and contributions from recent acquisitions.
- The Electronic Technologies Group saw a 12% increase in net sales, driven by broad product demand and acquisitions.
- Continued emphasis on long-term sustainable growth, without reliance on accounting maneuvers to enhance reported earnings.