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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

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

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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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VPT, Inc. Commemorates 30th Anniversary

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VPT, Inc. celebrates its 30th Anniversary as the global leader in high-reliability power supplies for space, avionics, and military applications.
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HEICO Corporation Reports Record Net Sales for the Third Quarter of Fiscal 2023

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HEICO Corporation reports strong Q3 2023 results with net sales up 27% to $722.9 million and operating income up 16% to $149.4 million. Net income increased 24% to $102.0 million. The company's consolidated operating margin was 20.7%. Improvement in the commercial aerospace market and successful acquisitions contribute to the growth.
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Two HEICO Subsidiaries Supply Mission-Critical Parts on India's Chandrayaan Spacecraft

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HEICO Corporation's subsidiaries, 3D PLUS and Exxelia, supplied mission-critical electronic components on India's Chandrayaan-3 spacecraft, which successfully landed on the Moon's South Pole. 3D PLUS provided EEPROM and SDRAM modules, while Exxelia supplied Tantalum Capacitors, EMI Filters, and inductors. The Chandrayaan-3 mission aims to measure the Moon's thermal conductivity and temperature, seismicity, plasma density, and complete lunar laser ranging studies. HEICO congratulated ISRO for the successful mission. No concrete business takes affecting stock price were identified.
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VPT Announces Release of SVLFL5000 Series of Space-Qualified DC-DC Converters

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VPT, Inc. announces the availability of its SVLFL5000 Series of space-qualified DC-DC converters. The series is operable over the full military temperature range with no power derating and is suited for use in various space missions. It has a wide input voltage range of 30 to 60V and comes in single and dual outputs. The series will be qualified to MIL-PRF-38534 Class H and Class K pending DLA approval.
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HEICO Corporation Announces Regular Quarterly Conference Call

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HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) will release its financial results for the third quarter ended July 31, 2023 on August 28, 2023. The earnings release will be available on the company's website. HEICO will hold a conference call on August 29, 2023 to discuss the results. The company has two classes of common stock traded on the NYSE, with the only difference being the voting rights.
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HEICO Corporation Completes Wencor Group Acquisition

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HEICO Corporation has completed its acquisition of Wencor Group for $1.9 billion in cash and $150 million in HEICO Class A Common Stock. The acquisition is expected to be accretive to HEICO's earnings and help achieve its growth objectives. Wencor is a commercial and military aircraft aftermarket company that provides replacement parts and repair services. HEICO anticipates meaningful synergies and growth opportunities from the acquisition.
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HEICO Corporation Closes $1.2 Billion Investment Grade Senior Notes Offering

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HEICO Corporation has closed an offering of $600 million in aggregate principal amount of 5.250% Senior Notes due 2028 and $600 million in aggregate principal amount of 5.350% Senior Notes due 2033. The net proceeds from the sale of the Notes will be used to fund a portion of the purchase price for the acquisition of Wencor Group and for general corporate purposes. The Wencor Acquisition is expected to close by the end of calendar year 2023.
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FAQ

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

The current stock price of HEICO Corporation (HEI) is $240.94 as of December 27, 2024.

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

The market cap of HEICO Corporation (HEI) is approximately 33.4B.

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

#370 Ranked by Market Cap
#2128 Ranked by Dividends

HEI Stock Data

33.39B
117.25M
22.95%
70.3%
1.75%
Aerospace & Defense
Aircraft Engines & Engine Parts
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United States of America
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