Heico Corp Stock Price, News & Analysis

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.

HEICO (NYSE:HEI.A, HEI) reported exceptional first quarter fiscal 2025 results with record-breaking performance across key metrics. Net income surged 46% to $168.0 million ($1.20 per diluted share), while net sales increased 15% to $1.03 billion. Operating income grew 26% to $226.8 million, with operating margin improving to 22.0%.

The Flight Support Group achieved its eighteenth consecutive quarter of growth, with net sales up 15% to $713.2 million, driven by 13% organic growth. The Electronic Technologies Group saw a 16% increase in net sales to $330.3 million, with strong demand for defense, space, and aerospace products.

Cash flow from operations increased 82% to $203.0 million. The company deployed approximately $255 million in acquisitions during the quarter while maintaining stable leverage ratios, with net debt to EBITDA at 2.08x.

HEICO (NYSE:HEI.A)(NYSE:HEI) has announced its upcoming first quarter earnings release and conference call schedule. The company will release its financial results for Q1 ended January 31, 2025, after NYSE closing on February 26, 2025. A conference call will follow on February 27, 2025, at 9:00 a.m. EST.

Participants can join the call using the following dial-in numbers: (888) 204-4368 for US and Canada, and (929) 477-0402 for International callers, with Conference ID 4742969. A digital replay will be available for 14 days following the call on HEICO's website.

The company maintains two classes of NYSE-traded common stock: Common Stock (HEI) and Class A Common Stock (HEI.A). Both classes are economically identical, differing only in voting rights - HEI carries one vote per share, while HEI.A carries 1/10 vote per share. HEICO serves niche segments in aviation, defense, space, medical, telecommunications, and electronics industries through its Flight Support Group and Electronic Technologies Group.

HEICO (NYSE:HEI.A)(NYSE:HEI) has announced its Flight Support Group's acquisition of 90% of Millennium International, a leading provider of business jet avionics repair solutions. The remaining ownership will be retained by Millennium's co-founders. The acquisition is expected to be accretive to HEICO's earnings in the following year.

Millennium specializes in repair and support of both next-generation and legacy avionics systems, offering comprehensive repair, overhaul, retrofit, and exchange services. Based in Lee's Summit, MO, the company operates across three recently expanded sites with over 40 skilled personnel. Co-founders Jeanne Rau-Flattery and Dan Rafferty will continue leading the company from its existing facilities.

This strategic acquisition strengthens HEICO's presence in the business jet market, expanding their capabilities in avionics repairs and services for business jet manufacturers and operators.

HEICO (NYSE:HEI.A, HEI) announced that its subsidiary, Sunshine Avionics, has acquired an exclusive perpetual license and key assets for Boeing 777 AIMS and Boeing 737NG/P-8/E-7 VIA product lines from Honeywell. The transaction grants Sunshine Avionics complete rights to produce, sell, and repair these critical avionics systems.

The AIMS (Airplane Information Management System) serves as the mission control of the Boeing 777, while the VIA (Versatile Integrated Avionics) is integral to the Boeing 737NG/P-8/E-7's cockpit systems. Both systems are essential for flight-deck displays and management functions.

HEICO expects the acquisition to be accretive to earnings in the year following closing. Sunshine Avionics will conduct all engineering, production, and customer support from its Miramar, FL facilities. The company currently supports over 10,000 Line Replaceable Units annually and has recently expanded to include a Manufacturing division.

HEICO (NYSE:HEI.A)(NYSE:HEI) reported record financial results for Q4 fiscal 2024. Net income increased 35% to $139.7 million ($0.99 per diluted share), while net sales grew 8% to $1,013.7 million. Operating income rose 15% to $218.6 million, with operating margin improving to 21.6%.

For the full fiscal year 2024, net sales increased 30% to $3,857.7 million, with net income up 27% to $514.1 million. The Flight Support Group achieved its 17th consecutive quarter of growth, with 12% organic sales growth. EBITDA increased 13% to $264.0 million in Q4.

The company completed several strategic acquisitions in 2024, including SVM Private , Mid Continent Controls, and Marway Power Solutions. The Board declared a semiannual cash dividend of $0.11 per share payable in January 2025.