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HEICO Corporation - HEI STOCK NEWS

Welcome to our dedicated page for HEICO Corporation news (Ticker: HEI), a resource for investors and traders seeking the latest updates and insights on HEICO Corporation stock.

HEICO Corporation (NYSE: HEI.A, HEI) is an innovative leader in the aerospace, defense, and electronics industries. Through its subsidiaries, HEICO designs, manufactures, and sells a diverse range of products and services that cater to both domestic and international markets. The company operates through two primary segments: the Flight Support Group (FSG/HEICO Aerospace) and the Electronic Technologies Group (ETG).

Under HEICO Aerospace, the company provides an extensive range of jet engine and aircraft component replacement parts. Known as the largest independent producer of replacement aircraft parts in commercial aerospace, HEICO also manufactures specialty aircraft and defense-related parts, as well as thermal insulation blankets for various applications. Their product portfolio extends to hydraulic, pneumatic, mechanical, and electro-mechanical components, catering to the aviation sector's diverse needs.

The Electronic Technologies Group focuses on niche electronics for various markets, including aerospace and defense. Recently, HEICO's subsidiary, VPT, Inc., announced the availability of the SVLFL5000 Series of space-qualified DC-DC converters, showcasing the company's commitment to innovation and high-reliability solutions for critical applications in space missions.

HEICO has demonstrated consistent financial strength with significant growth in net sales, operating income, and EBITDA over the recent fiscal quarters. The company has completed strategic acquisitions like Wencor and Exxelia, which complement and expand HEICO’s capabilities, reinforcing its position as a prominent player in the aviation and defense sectors.

HEICO’s fiscal discipline, strong cash flow, and strategic acquisitions highlight its robust growth trajectory. The company's operations are supported by a diversified customer base, including major airlines, overhaul shops, defense contractors, and government agencies globally.

For more detailed information and the latest updates on HEICO Corporation, visit their official website.

News

VPT Announces Release of the New 1600W, GaN-based SGRBX DC-DC Converter

Rhea-AI Summary
VPT, Inc., a HEICO company, introduces the SGRBX, a configurable box solution with GaN technology, offering up to 1600 watts of output power. The SGRBX features low noise, integrated EMI filter, high efficiency up to 96%, and radiation-hardened design for space applications.
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HEICO Corporation Reports Strong Growth of 44% in Net Sales, 39% in Operating Income and 23% in Net Income for the First Quarter of Fiscal 2024

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HEICO Corporation (HEI) reports a 23% increase in net income, reaching $114.7 million in Q1 2024. Net sales surged by 44% to $896.4 million, with operating income up by 39% to $180.2 million. EBITDA rose by 43% to $224.4 million. The Flight Support Group achieved record sales growth, contributing to strong quarterly results. The company anticipates continued growth in fiscal 2024.
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VPT Introduces VSC100-2800S Space COTS DC-DC Converters

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VPT, Inc., a HEICO company, introduces the VSC100-2800S to the VSC Series of space COTS DC-DC converters. Designed for the 'NewSpace' market, the VSC Series offers output voltages of +3.3 V / 66W, +5 V / 100W, +12 V / 100W, and +15 V / 100W, with radiation performance for low Earth orbit applications.
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HEICO Corporation Announces Regular Quarterly Conference Call

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HEICO Corporation (HEI) will release its financial results for the first quarter ended January 31, 2024, and hold a conference call on February 27, 2024. The company has two classes of common stock traded on the NYSE, with virtually identical economic aspects but different voting rights. HEICO is primarily engaged in the design, production, servicing, and distribution of products and services to niche segments of various industries.
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HEICO Corporation CEO Laurans A. Mendelson Receives Living Legends of Aviation Award

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HEICO Corporation's Chairman & CEO, Laurans A. Mendelson, received the Kenn Ricci Lifetime Aviation Entrepreneur Award from the Living Legends of Aviation. The award recognizes individuals who have made significant contributions to aviation. Other notable awardees include Prince Harry, The Duke of Sussex, and Lance Toland, Founder & CEO of Lance Toland Associates. HEICO Corporation is primarily engaged in the design, production, servicing, and distribution of products and services to niche segments of the aviation, defense, space, medical, telecommunications, and electronics industries.
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HEICO Subsidiary Acquires Exclusive License and Key Related Assets for Select Honeywell Display Product Lines

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HEICO Corporation and Sunshine Avionics, a subsidiary of HEICO, have entered into an exclusive license and acquired key assets from Honeywell International to support the Boeing 737NG/777 Cockpit Displays and Legacy Displays product lines. The transaction is expected to be accretive to HEICO's earnings. Sunshine Avionics will now produce, sell, and repair Boeing 737NG/777 Cockpit Displays as well as other Legacy Displays for various aircraft. The company has also invested in automatic test equipment and has grown its team to accommodate over 80 members, providing support for over 10,000 Line Replaceable Unit (LRU) repairs annually.
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HEICO Corporation Declares Cash Dividend; Sets Annual Meeting and Record Dates

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HEICO Corporation (NYSE: HEI.A, HEI) declares a $0.10 per share cash dividend, marking its 91st consecutive semi-annual dividend since 1979. The dividend is payable on January 19, 2024, to shareholders of record on January 4, 2024. The company also announced its next annual meeting of shareholders for March 15, 2024. HEICO is primarily engaged in the aviation, defense, space, medical, telecommunications, and electronics industries.
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HEICO Corporation Reports Record Operating Income and Net Sales for the Fourth Quarter and Full Fiscal Year

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HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) reported a 54% increase in net sales to a record $936.4 million in the fourth quarter of fiscal 2023, with a 29% increase in operating income to $189.4 million. Full fiscal year 2023 net income, operating income, and net sales set all-time records.
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HEICO Corporation Announces Regular Quarterly Conference Call

Rhea-AI Summary
HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) will release its financial results for the fourth quarter ended October 31, 2023, on December 18, 2023, after the NYSE closing. The earnings release will be available through the Company's website. HEICO will hold a conference call on December 19, 2023, at 9:00 a.m. Eastern Daylight Time to discuss its fourth quarter results. The Company has two classes of common stock traded on the NYSE, HEI and HEI.A, with virtually identical economic aspects but different voting rights. HEICO Corporation is engaged primarily in the design, production, servicing, and distribution of products and services to niche segments of various industries.
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VPT, Inc. Earns AS9100D Certification

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VPT, Inc. (NYSE:HEI.A) proudly announces obtaining SAE AS9100 Revision D certification, enhancing its existing suite of certifications and cementing its commitment to excellence in quality and reliability.
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FAQ

What is the current stock price of HEICO Corporation (HEI)?

The current stock price of HEICO Corporation (HEI) is $275.86 as of November 26, 2024.

What is the market cap of HEICO Corporation (HEI)?

The market cap of HEICO Corporation (HEI) is approximately 38.5B.

What does HEICO Corporation specialize in?

HEICO Corporation specializes in the design, manufacture, and sale of aerospace, defense, and electronics-related products and services through its subsidiaries.

What are the primary business segments of HEICO Corporation?

HEICO Corporation operates through two primary segments: the Flight Support Group (FSG/HEICO Aerospace) and the Electronic Technologies Group (ETG).

What kind of products does HEICO Aerospace offer?

HEICO Aerospace offers jet engine and aircraft component replacement parts, specialty aircraft/defense-related parts, and thermal insulation blankets for aerospace, defense, and commercial applications.

Who are HEICO’s major customers?

HEICO's major customers include a majority of the world's airlines, overhaul shops, defense contractors, and government agencies worldwide.

What recent acquisitions has HEICO made?

Recent acquisitions by HEICO include Wencor and Exxelia, which enhance the company's capabilities in the aerospace and defense sectors.

What financial achievements has HEICO reported recently?

HEICO reported significant increases in net sales, operating income, and EBITDA over recent fiscal quarters, demonstrating robust financial growth.

What are some of HEICO’s latest innovations?

HEICO's latest innovations include the SVLFL5000 Series of space-qualified DC-DC converters by its subsidiary VPT, Inc., designed for use in demanding space missions.

Where is HEICO Corporation headquartered?

HEICO Corporation is headquartered in Hollywood, Florida, with key subsidiaries based in Miami, Florida.

What distinguishes HEICO in the commercial aerospace market?

HEICO is recognized as the largest independent producer of replacement aircraft parts in the commercial aerospace market, offering high-quality, cost-effective alternatives to OEM parts.

How can I learn more about HEICO Corporation?

For more information about HEICO Corporation, you can visit their official website at www.heico.com.

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HEICO Corporation

NYSE:HEI

HEI Rankings

#345 Ranked by Market Cap
#2129 Ranked by Dividends

HEI Stock Data

38.51B
117.01M
22.95%
70.31%
1.41%
Aerospace & Defense
Aircraft Engines & Engine Parts
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