Heico Corp Stock Price, News & Analysis

HEICO Corporation (NYSE:HEI, HEI.A) announced the passing of Executive Chairman Laurans A. Mendelson at age 87. Following the succession plan, his sons Eric A. Mendelson and Victor H. Mendelson, currently Co-Vice Chairmen and Co-CEOs, have been named Co-Chairmen of the Board while retaining their CEO roles.

Under Laurans Mendelson's leadership since 1990, HEICO transformed from a small aviation company with $26 million in revenues to a global aerospace and defense leader with a market capitalization of $39 billion and revenues approaching $4.5 billion. The company now operates 164 facilities across 15 countries and employs 11,000 people worldwide. A $100,000 investment in HEICO during Mendelson's early tenure grew to over $130 million, representing a compound annual growth rate of nearly 23%.

HEICO Corporation (NYSE:HEI, HEI.A) reported exceptional Q3 fiscal 2025 results, with record net income of $177.3 million, up 30% year-over-year. The company achieved record net sales of $1.15 billion, a 16% increase, and record operating income of $265 million, up 22% from Q3 2024.

The Flight Support Group demonstrated remarkable performance with 20 consecutive quarters of growth, posting an 18% increase in net sales to $802.7 million and a 29% rise in operating income to $198.3 million. The Electronic Technologies Group also delivered strong results with record net sales of $355.9 million, up 10%, and operating income of $81 million, up 7%.

HEICO's consolidated operating margin improved to 23.1%, while cash flow from operations increased 8% to $231.2 million. The company maintains a strong financial position with a reduced net debt to EBITDA ratio of 1.90x.

HEICO Corporation (NYSE: HEI, HEI.A) has scheduled its Q3 FY2025 earnings conference call for August 26, 2025, at 9:00 a.m. EDT. The company will release its financial results for the quarter ended July 31, 2025, after NYSE market close on August 25, 2025.

The conference call will be accessible via phone, with dial-in numbers provided for both domestic and international participants. A digital replay will be available for 14 days following the call on HEICO's investor relations website.

HEICO operates through its Flight Support Group in Hollywood, Florida, and Electronic Technologies Group in Miami, Florida, serving aviation, defense, space, medical, telecommunications, and electronics industries. The company maintains two classes of common stock (HEI and HEI.A) with identical economic benefits but different voting rights.

HEICO Corporation (NYSE:HEI) has announced the acquisition of Gables Engineering, a leading avionics controls manufacturer, through its Electronic Technologies Group in a cash transaction. Founded in 1946, Gables Engineering specializes in designing and manufacturing advanced navigation, audio, surveillance, and communication panels for aircraft, including recent work on touchscreen cockpit displays for the Boeing 737 MAX.

Operating from a 108,000 square foot facility in Coral Gables, FL, the company employs over 200 professionals and serves major aircraft OEMs, Tier 1 avionics providers, and airlines. HEICO expects the acquisition to be accretive to earnings within one year. The acquisition strengthens HEICO's position in American manufacturing and engineering excellence, with both companies being headquartered in close proximity in Florida.

HEICO Corporation (NYSE: HEI, HEI.A) has announced a 9% increase in its semiannual cash dividend to $0.12 per share, up from the previous $0.11 per share. This marks HEICO's 94th consecutive semiannual dividend since 1979. The dividend will be paid on July 15, 2025, to shareholders of record as of July 1, 2025. The company's management, including Executive Chairman Laurans A. Mendelson and Co-CEOs Eric and Victor Mendelson, expressed optimism about HEICO's performance and outlook. HEICO, which serves aviation, defense, space, medical, telecommunications, and electronics industries through its Flight Support Group and Electronic Technologies Group, provides products and services to major airlines, defense contractors, and military agencies worldwide.

VPT, a HEICO company (NYSE: HEI.A, HEI), has appointed Trevor Rice as Vice President of North American Sales. Rice brings over 25 years of sales management experience to lead VPT's Outside Sales Team, Inside Sales Operations, and North American representatives network. Previously, he spent 16 years at XP Power as Director of Sales, managing teams serving semiconductor fabrication, healthcare, industrial, and defense markets. Rice started his career at Luna Innovations and holds a BS in Mechanical Engineering from Virginia Tech. The appointment reinforces VPT's commitment to delivering high-reliability DC-DC power conversion solutions across North America.

HEICO Corporation (NYSE: HEI, HEI.A) reported outstanding Q2 FY2025 financial results with significant growth across key metrics. Net income surged 27% to $156.8 million ($1.12 per diluted share), while net sales increased 15% to a record $1.1 billion. Operating income grew 19% to $248.2 million, with improved operating margin of 22.6%. The Flight Support Group achieved its 19th consecutive quarter of growth, with net sales up 19% to $767.1 million and operating income increasing 24% to $185 million. The Electronic Technologies Group saw 7% growth in net sales to $342.2 million. Cash flow from operations improved 45% to $204.7 million, while the company's net debt to EBITDA ratio decreased to 1.86x. Growth was primarily driven by strong organic demand across product lines, particularly in commercial aerospace and space products.

HEICO (HEI) has announced the acquisition of Rosen Aviation, through its Mid Continent Controls (MC2) subsidiary for an undisclosed cash amount. Rosen, based in Eugene, OR, specializes in designing and manufacturing in-flight entertainment products, particularly in-cabin displays and control panels for business and VVIP aviation markets.

The acquisition, HEICO's fourth in the past six months, is expected to be earnings accretive within the first year. Rosen will operate as a wholly-owned subsidiary of MC2, which focuses on proprietary in-cabin power and entertainment systems for business jets. The merger aims to achieve synergies by offering integrated aircraft interior IFE solutions combining both companies' product lines.

Founded in 1980, Rosen has established a strong presence in the business and VVIP aircraft markets, with its products installed as standard equipment across numerous in-production and legacy aircraft. Thomas Hemphill, MC2's President, will lead both operations under HEICO's Electronic Technologies Group's Radiant Power division.

HEICO (NYSE:HEI) announced significant leadership changes effective May 1, 2025. Current Chairman and CEO Laurans A. Mendelson will transition to Executive Chairman, while his sons Eric A. Mendelson and Victor H. Mendelson will become Co-CEOs. The brothers, who have served as Co-Presidents since 2009, will retain their current roles leading the Flight Support Group (FSG) and Electronic Technologies Group (ETG) respectively.

The transition represents a planned succession strategy, formalizing existing operational dynamics. Under the Mendelsons' leadership since 1990, HEICO has grown from a $26 million revenue company to a global aerospace and defense leader with approximately $4 billion in revenue and a market capitalization of nearly $30 billion. The company operates 121 facilities across 15 countries and 29 U.S. states.

Notable achievements include FSG's growth from a $20 million single-product business to a major aerospace component manufacturer with 61 facilities, and ETG's expansion to 59 facilities providing mission-critical electronic systems. A $100,000 investment in HEICO when the Mendelsons took over has grown to over $100.2 million, representing a 22% compound annual growth rate.