Earnings ·
HEICO Corporation reported record financial results for the third quarter and first nine months of fiscal 2026, ending…
HEI-AHeico Corp
HEICO Corporation reported record financial results for the third quarter and first nine months of fiscal 2026, ending July 31, 2026. Third-quarter net income rose 33% to $235.4 million ($1.67 per diluted share), driven by a 23% increase in net sales to $1,413.1 million and operating margin expansion to 25.1%. The Electronic Technologies Group saw exceptional growth with 36% sales increases, while the Flight Support Group posted an 18% rise. Concurrently, HEICO completed a public offering of $1.2 billion in senior notes (4.950% due 2031 and 5.400% due 2036) to repay revolving credit facility borrowings. The company operates in the aviation, defense, space, medical, telecommunications, and electronics industries.