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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 (NYSE:HEI.A) has announced a 10% increase in its semiannual cash dividend, raising it to $0.11 per share from the previous $0.10. This marks the company's 92nd consecutive semiannual cash dividend since 1979. The dividend will be payable on July 15, 2024, to shareholders of record as of July 1, 2024. Laurans A. Mendelson, HEICO's Chairman and CEO, emphasized the company's strong performance and optimistic outlook as reasons for the increase. HEICO, through its Flight Support Group and Electronic Technologies Group, serves niche markets in aviation, defense, space, medical, telecommunications, and electronics.

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HEICO (NYSE:HEI.A)(NYSE:HEI) announced record financial results for the second quarter of fiscal 2024. The company reported a 17% increase in net income to $123.1 million, or $.88 per diluted share. Net sales grew 39% to $955.4 million, and operating income increased 33% to $209.2 million. For the first six months of fiscal 2024, net income rose 20% to $237.8 million, while net sales and operating income increased by 41% and 36%, respectively. The Flight Support Group saw a 65% increase in net sales, while the Electronic Technologies Group experienced a 6% rise. EBITDA for the second quarter increased 35% to $252.4 million. The company highlighted its strong cash flow and reduced debt ratios, with a focus on continued product development and market penetration.

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HEICO (NYSE:HEI, HEI.A) will release its Q2 financial results on May 28, 2024, post-market close. The results will be accessible on HEICO's website. A conference call to discuss these results is scheduled for May 29, 2024, at 9:00 a.m. EDT. Participants can join via provided U.S., Canadian, and international dial-in numbers, and a replay will be available for 14 days post-call. HEICO, with two NYSE-listed stock classes, serves various niche sectors including aviation, defense, space, medical, telecommunications, and electronics through its Flight Support Group and Electronic Technologies Group. Major clients include airlines, defense contractors, and medical equipment manufacturers.

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VPT, Inc., a HEICO company, introduces the SLNP17-100CQ, a quad-output DC-DC power supply designed for noise-sensitive RF space applications. With extremely low noise outputs and high configurability, this product is ideal for demanding commercial, scientific, and military space applications.

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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 (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, 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 (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'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 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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FAQ

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

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32.07B
54.77M
22.79%
70.8%
1.75%
Aircraft Engine and Engine Parts Manufacturing
Manufacturing
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United States of America
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