Welcome to our dedicated page for Heico news (Ticker: HEI), a resource for investors and traders seeking the latest updates and insights on Heico stock.
Heico Corporation (HEI) provides specialized aerospace components and defense electronics through its Flight Support and Electronic Technologies Groups. This news hub offers investors and industry professionals centralized access to official announcements, financial disclosures, and operational developments.
Track HEI's latest press releases including quarterly earnings, product innovations, and strategic acquisitions. The repository covers FAA-certified aircraft parts updates, defense contract awards, and advancements in space-rated electronic systems. All content is sourced directly from company filings and verified channels.
Key areas include flight safety component certifications, avionics technology breakthroughs, and market expansion through subsidiary acquisitions. Users benefit from chronological organization and cross-referenced updates across HEI's dual business segments.
Bookmark this page for streamlined monitoring of HEI's corporate trajectory. Combine historical context with real-time updates to inform your analysis of this NYSE-listed aerospace specialist.
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.
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.
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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