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.
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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. 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 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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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, 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 (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 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 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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HEICO Corporation CEO Laurans A. Mendelson to Receive Prestigious Award
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HEICO Corporation
NYSE:HEI
HEI Rankings
HEI Stock Data
29.06B
117.99M
22.84%
69.75%
1.07%
Aircraft Engine and Engine Parts Manufacturing
Manufacturing
United States of America
HOLLYWOOD
About HEI
heico corporation, through its subsidiaries, engages in the design, manufacture, and sale of aerospace, defense, and electronics related products and services in the united states and internationally. the company operates through two segments, flight support group (fsg/heico aerospace) and electronic technologies group (etg). heico aerospace offers jet engine and aircraft component replacement parts. it also involves in manufacturing specialty aircraft/defense related parts; offering thermal insulation blankets primarily for aerospace, defense, and commercial applications; subcontracting for original equipment manufacturers (oems); providing specialty parts as a subcontractor for aerospace and industrial oems, and the united states government. in addition, this segment distributes hydraulic, pneumatic, mechanical, and electro-mechanical components for the aviation markets.