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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.

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HEICO Corporation (NYSE:HEI,HEI.A) announced the acquisition of Paciwave, Inc. by its dB Control subsidiary. This marks HEICO's sixth acquisition this fiscal year. Paciwave, specializing in RF and microwave components, will enhance HEICO's product offerings in defense and electronics. The acquisition is expected to be accretive to earnings within a year. The founder, Parimal Kadakia, will assist during the transition. Financial details of the transaction were not disclosed but it signifies HEICO's strategy to expand in critical electronic sectors.

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VPT, Inc., a HEICO company, launched the SVL series of 28-volt space-qualified DC-DC converters. Designed for harsh radiation environments, these converters operate over a voltage range of 15 to 50 V and maintain performance under extreme temperatures (-55 °C to +125 °C). The SVL series improves radiation tolerance, increasing the single event effects capability significantly. These products are qualified to military standards and cater to various space missions, making them vital for applications like LEO and MEO.

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HEICO Corporation (NYSE:HEI, HEI.A) has acquired 80.1% of RH Laboratories, Inc. for cash. RH specializes in RF and microwave assemblies for defense applications and has been operational for 20 years, boasting a solid customer base that includes major defense contractors and the U.S. Government. The acquisition is expected to be accretive to HEICO's earnings within the first year. The founders of RH will retain 19.9% ownership and continue in leadership roles.

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VPT, part of HEICO, has launched the SVRPL Series of space-qualified DC-DC converters, tailored for harsh radiation environments. These converters, operating within an input voltage range of 3.1 to 5.5 V and a 6A output, are designed for high-performance space processors. The SVRPL3R306SG model is based on the radiation-hardened ISL70001ASEH regulator and meets MIL-PRF-38534 Class K requirements. They function efficiently across military temperature ranges and are subjected to stringent qualification standards essential for modern digital electronics in space.

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HEICO Corporation reported a significant 42% increase in net income to $76.9 million in Q3 2021, with a 47% rise in operating income and a 22% increase in net sales to $471.7 million. Year-to-date net income reached $218.2 million, although it shows a decline compared to the previous year's $251.7 million. The company’s debt-to-equity ratio improved to 17.4% from 36.8%. Cash flow from operations rose 33% to $124 million in Q3. The company remains cautious about future guidance due to uncertainties related to the COVID-19 pandemic.

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HEICO Corporation (NYSE:HEI, HEI.A) will report its third quarter financial results for the period ending July 31, 2021, after NYSE close on August 24, 2021. A conference call is scheduled for August 25, 2021, at 9:00 a.m. EDT, where the company will discuss the results. Participants can join by dialing (833) 377-4220 for US and Canada, and (206) 596-9903 for international calls, using Conference ID 9060175. HEICO has two classes of common stock: HEI and HEI.A, differing mainly in voting rights. For more details, visit heico.com.

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HEICO Corporation (NYSE:HEI) has successfully acquired Ridge Engineering, Inc. and The Bechdon Company, Inc. as part of its Flight Support Group. The acquisition, announced on July 6, 2021, was finalized following regulatory approval. HEICO anticipates that these acquisitions will be accretive to earnings within the first year. Ridge specializes in tight-tolerance machining and brazing for defense and aerospace applications, while Bechdon provides precision machining and fabrication services. Both companies will retain their current operations and management teams.

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HEICO Corporation announced the acquisition of 89% of Ridge Engineering, Inc. and The Bechdon Company, Inc. for cash, with potential additional consideration based on post-closing earnings. The acquisitions are expected to be accretive to earnings within the first year. Ridge, specializing in tight-tolerance machining for defense and aerospace, and Bechdon, a key subcontractor, operate from substantial facilities and employ 196 people. The deal awaits antitrust clearance and other conditions, strengthening HEICO's position in specialized aerospace manufacturing.

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HEICO Corporation announced the acquisition of 80.1% of Camtronics LLC's operating assets for cash, enhancing its market position in the aircraft repair sector. The deal is expected to be accretive to earnings within the first year. Camtronics, an FAA-certified repair station, specializes in proprietary repairs and has been operational since 1999. With 36 employees in Tulsa, Oklahoma, it will continue its operations without expected staff turnover. This acquisition marks HEICO's sixth in the niche market since the COVID-19 pandemic began.

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HEICO Corporation (NYSE:HEI, HEI.A) has announced a 12.5% increase in its semi-annual cash dividend, raising it to $.09 per share from $.08 per share. This will be payable on July 15, 2021, for shareholders of record as of July 1, 2021. This marks HEICO's 86th consecutive semi-annual cash dividend since 1979. The company's strong cash flow and confidence in future air travel recovery were highlighted by CEO Laurans A. Mendelson, indicating benefits for shareholders and team members owning shares.

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FAQ

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

The current stock price of HEICO Corporation (HEI) is $240.05 as of December 24, 2024.

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

The market cap of HEICO Corporation (HEI) is approximately 33.3B.

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.

HEICO Corporation

NYSE:HEI

HEI Rankings

HEI Stock Data

33.27B
117.25M
22.95%
70.3%
1.82%
Aerospace & Defense
Aircraft Engines & Engine Parts
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United States of America
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