HEICO Corporation Q3 2026 Earnings Recap

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.