HEICO

Press Releases

2018 Press Releases

Tue, 15 May 2018
HOLLYWOOD, Fla. & MIAMI--(BUSINESS WIRE)-- On May 29, 2018, after the NYSE closing, HEICO Corporation (NYSE: HEI.A) (NYSE: HEI) will release its financial results for the second quarter ended April 30, 2018. The earnings release will be available through the Internet on the Company’s web site at http://www.heico.com. Read More...

Tue, 17 April 2018
HEICO’s 6th Acquisition in the Past 12 Months
HOLLYWOOD, Fla. & SARASOTA, Fla. & ST. JOHN’S, Newfoundland--(BUSINESS WIRE)-- HEICO Corporation (NYSE: HEI.A) (NYSE: HEI) today announced that its Dukane Seacom Inc. (“Dukane Seacom”) subsidiary acquired 100% of the business and assets of the Emergency Locator Transmitter Beacon product line of Instrumar Limited (“ELT Product Line” or “ELT”) in an all cash transaction. Dukane Seacom is part of HEICO’s Electronic Technologies Group. Read More...

Thu, 01 March 2018
Victor H. Mendelson will be on Workforce Panel with industry leaders
WASHINGTON & HOLLYWOOD, Fla.--(BUSINESS WIRE)--HEICO Corporation (NYSE: HEI)(NYSE: HEI.A) advised that its Co-President, Victor H. Mendelson, will speak this afternoon as a panelist on the aviation and aerospace industry’s workforce challenges at the 2018 Aviation Summit hosted by the U.S. Chamber of Commerce in Washington, DC. Read More...

Tue, 27 February 2018
First Quarter of Fiscal 2018 Net Income up 59% on Operating Income Increase of 23% and Net Sales Increase of 18%
HOLLYWOOD, Fla. & MIAMI--(BUSINESS WIRE)-- HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) today reported that net income increased 59% to a record $65.2 million, or 60 cents per diluted share, in the first quarter of fiscal 2018, up from $40.9 million, or 38 cents per diluted share, in the first quarter of fiscal 2017. Read More...

Tue, 27 February 2018
HEICO’s Santa Barbara Infrared subsidiary acquires 85% of Sensor Technology Engineering
HOLLYWOOD, Fla. & SANTA BARBARA, Calif.--(BUSINESS WIRE)-- HEICO Corporation (NYSE:HEI) (NYSE:HEI.A) announced today that its Santa Barbara Infrared, Inc. (“SBIR”) subsidiary acquired 85% of the business and assets of Sensor Technology Engineering, Inc. (“Sensor Tech”) in an all cash transaction. SBIR is part of HEICO’s Electronic Technologies Group. Read More...

Mon, 12 February 2018
HOLLYWOOD, Fla. & MIAMI--(BUSINESS WIRE)-- On February 27, 2018, after the NYSE closing, HEICO Corporation (NYSE: HEI.A) (NYSE: HEI) will release its financial results for the first quarter ended January 31, 2018. The earnings release will be available through the Internet on the Company’s web site at http://www.heico.com. Read More...

Thu, 18 January 2018
Shares Begin Post-Split Trading
MIAMI & HOLLYWOOD, Fla.--(BUSINESS WIRE)-- HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) today reported that all shares of both its Class A Common Stock and its Common Stock will commence trading today on a “post-split” basis to reflect the Company's previously announced 5-for-4 stock split. Accordingly, the prices of both the Class A Common Stock and the Common Stock will automatically be adjusted downward by 25% from the New York Stock Exchange closing price on January 17, 2018 for the split at the opening of New York Stock Exchange trading this morning. A previous version of this press release incorrectly stated that the price would be adjusted by 25%. The correct adjustment is 20%. Read More...

Thu, 18 January 2018
Shares Begin Post-Split Trading
MIAMI & HOLLYWOOD, Fla.--(BUSINESS WIRE)-- HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) today reported that all shares of both its Class A Common Stock and its Common Stock will commence trading today on a “post-split” basis to reflect the Company's previously announced 5-for-4 stock split. Accordingly, the prices of both the Class A Common Stock and the Common Stock will automatically be adjusted downward by 25% from the New York Stock Exchange closing price on January 17, 2018 for the split at the opening of New York Stock Exchange trading this morning. Read More...

2017 Press Releases

Mon, 18 December 2017
Fourth Quarter and Full Year of Fiscal 2017 Net Income up 21% and 19% on Net Sales Increases of 16% and 11% and Operating Income Increases of 18% and 16%
HOLLYWOOD, Fla. & MIAMI--(BUSINESS WIRE)-- HEICO CORPORATION (NYSE:HEI.A) (NYSE:HEI) today reported that net income increased 21% to a record $53.7 million, or 62 cents per diluted share, in the fourth quarter of fiscal 2017, up from $44.3 million, or 52 cents per diluted share, in the fourth quarter of fiscal 2016. In the fiscal year ended October 31, 2017, net income increased 19% to a record $186.0 million, or $2.14 per diluted share, up from $156.2 million, or $1.83 per diluted share, in the fiscal year ended October 31, 2016. Read More...

Fri, 15 December 2017
Marks the 16th Stock Split or Stock Dividend in the Past 22 Years and a 22% Cumulative Cash Dividend Increase over the Past 12 Months
HOLLYWOOD, Fla. & MIAMI--(BUSINESS WIRE)-- HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) announced today that its Board of Directors approved a 5-for-4 stock split on both its Class A Common Stock and Common Stock. The stock split will be effected in the form of a 25% stock dividend on each class of the Company's shares. Read More...

Mon, 11 December 2017
Second Consecutive Year Named BEST CEO in Midcap Aerospace & Defense
MIAMI & HOLLYWOOD, Fla.--(BUSINESS WIRE)-- HEICO Corporation (NYSE:HEI) (NYSE:HEI.A) today announced that Laurans A. Mendelson, its Chairman and Chief Executive Officer, was named Best CEO in the Midcap Aerospace & Defense industry by Institutional Investor in its annual All American Executive Team 2018. Mr. Mendelson received the same honor for 2017, marking the second consecutive year he's been named Best CEO. Read More...

Mon, 04 December 2017
HOLLYWOOD, Fla. & MIAMI--(BUSINESS WIRE)-- On December 18, 2017, after the NYSE closing, HEICO Corporation (NYSE: HEI.A) (NYSE: HEI) will release its financial results for the fourth quarter ended October 31, 2017. The earnings release will be available through the Internet on the Company's web site at https://www.heico.com. Read More...

Tue, 07 November 2017
New Facility Increases HEICO's Borrowing Capacity by 30%
MIAMI & HOLLYWOOD, Fla.--(BUSINESS WIRE)-- HEICO Corporation (NYSE: HEI.A and HEI) announced today that it entered into a new $1.3 billion unsecured revolving credit facility (the "Facility") with a banking syndicate led by SunTrust Bank, Bank of America and Wells Fargo Bank. Other banks participating are BB&T Bank, Capital One, Fifth Third Bank, J.P. Morgan, PNC Bank, TD Bank, and U.S. Bank as co-documentation agents, as well as Citibank, BankUnited, Synovus Bank and IberiaBank. Read More...

Mon, 06 November 2017
HEICO's 4th Acquisition This Year
HOLLYWOOD & SARASOTA, Fla. & OCEANSIDE, Calif.--(BUSINESS WIRE)-- HEICO Corporation (NYSE: HEI.A) (NYSE: HEI) today announced that its Radiant Power Corp. ("Radiant") subsidiary acquired Interface Displays & Controls, Inc. ("IDC") in an all cash transaction, which is HEICO’s fourth acquisition this year. Radiant is part of HEICO’s Electronic Technologies Group. Read More...

Fri, 15 September 2017
HEICO’S LARGEST PURCHASE
HOLLYWOOD, Fla. & MIAMI--(BUSINESS WIRE)--HEICO Corporation (NYSE: HEI.A and HEI) today announced that its Electronic Technologies Group completed the acquisition of AeroAntenna Technology, Inc. ("AeroAntenna"), HEICO’s largest-ever acquisition. On August 18, 2017, HEICO announced it had entered into an agreement, subject to regulatory approval which was subsequently received, to acquire AeroAntenna. The purchase was completed under the previously announced terms. Read More...

Wed, 23 August 2017
Full Fiscal Year 2017 Net Income and Net Sales Growth Estimates Raised 3rd Quarter Net Income and Operating Income up 9% on Net Sales Increase of 10%
HOLLYWOOD, Fla. & MIAMI--(BUSINESS WIRE)--HEICO CORPORATION (NYSE: HEI.A) (NYSE: HEI) today reported that net income increased 9% to a record $45.7 million, or 53 cents per diluted share, in the third quarter of fiscal 2017, up from $42.0 million, or 49 cents per diluted share, in the third quarter of fiscal 2016. In the first nine months of fiscal 2017, net income increased 18% to a record $132.3 million, or $1.53 per diluted share, up from $111.9 million, or $1.32 per diluted share, in the first nine months of fiscal 2016. Read More...

Tue, 22 August 2017
Company's IRCameras designed and made device used on NCAR High Altitude Observatory
MIAMI & SANTA BARBARA, Calif.--(BUSINESS WIRE)--HEICO Corporation (NYSE: HEI.A) (NYSE:HEI) announced today that its IRCameras, LLC ("IRC") subsidiary supplied a specially designed infrared imaging camera which was incorporated into an Airborne Infrared Spectrometer ("AIR-Spec") used to observe and obtain measurements of the total solar eclipse visible throughout much of the United States yesterday. IRC Team Members designed and produced the device entirely in the United States. Read More...

Fri, 18 August 2017
Signs Agreement to Buy AeroAntenna Technology, Inc.
MIAMI & CHATSWORTH, Calif.--(BUSINESS WIRE)--HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) announced today that its Electronic Technologies Group entered into a stock purchase agreement to acquire 100% of the stock of AeroAntenna Technology Inc. ("AAT"). Read More...

Mon, 07 August 2017
HOLLYWOOD, Fla. & MIAMI--(BUSINESS WIRE)--On August 23, 2017, after the NYSE closing, HEICO Corporation (NYSE: HEI.A) (NYSE: HEI) will release its financial results for the third quarter ended July 31, 2017. Read More...

Fri, 14 July 2017
Nommé Chevalier par le Président de la République française
PARIS et MIAMI--(BUSINESS WIRE)--HEICO Corporation (NYSE: HEI)(NYSE: HEI.a) a annoncé aujourd'hui qu’ Emmanuel MACRON, Président de la République française a nommé Laurans A. Mendelson, Président Directeur Général d’HEICO, Chevalier de la Légion d'honneur française. Read More...

Fri, 14 July 2017
Appointed “Chevalier” by President of France
PARIS & MIAMI--(BUSINESS WIRE)--HEICO Corporation (NYSE: HEI)(NYSE: HEI.a) today reported that Emmanuel Macron, President of the République Française, named Laurans A. Mendelson, HEICO's Chairman and Chief Executive Officer, a "Chevalier" in the French Legion of Honor. Read More...

Tue, 20 June 2017
Flight Support Group Acquires Carbon by Design of Oceanside, California
MIAMI & OCEANSIDE, Calif.--(BUSINESS WIRE)--HEICO Corporation (NYSE: HEI.A and HEI) today announced that its Flight Support Group has acquired 100% of Carbon by Design, a rapidly growing manufacturer of composite components for UAVs, rockets, spacecraft and other specialized applications. The purchase price and financial details were not disclosed. Read More...

Tue, 13 June 2017
25% Cumulative Cash Dividend Increase In Past 6 Months; Follows 5-for-4 stock split
MIAMI & HOLLYWOOD, Fla.--(BUSINESS WIRE)--HEICO Corporation (NYSE: HEI.A) (NYSE: HEI) announced today that its Board of Directors declared a regular semi-annual cash dividend of $0.08 per share payable on both classes of common stock. The cash dividend is payable on July 19, 2017 to shareholders of record as of July 5, 2017. Read More...

Tue, 23 May 2017
2nd Quarter Net Income up 18% on Operating Income Increase of 15%
HOLLYWOOD, Fla. & MIAMI--(BUSINESS WIRE)--HEICO CORPORATION (NYSE: HEI.A) (NYSE: HEI) today reported that net income increased 18% to a record $45.7 million, or 53 cents per diluted share, in the second quarter of fiscal 2017, up from $38.7 million, or 45 cents per diluted share, in the second quarter of fiscal 2016. In the first six months of fiscal 2017, net income increased 24% to a record $86.6 million, or $1.00 per diluted share, up from $69.9 million, or 82 cents per diluted share, in the first six months of fiscal 2016. Read More...

Tue, 23 May 2017
HOLLYWOOD, Fla. & MIAMI--(BUSINESS WIRE)--HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) was selected by the airlines of Latin America and the Caribbean to receive the 2016-2017 Top Supplier Recognition. HEICO was ranked Number 1 out of over 200 suppliers evaluated. This recognition is presented to industry suppliers that have demonstrated their dedication to the highest standards in categories such as customer support and documentation, turn-around times, and quality service. Read More...

Mon, 08 May 2017
HOLLYWOOD, Fla. and MIAMI, May 08, 2017 (GLOBE NEWSWIRE) -- On May 23, 2017, after the NYSE closing, HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) will release its financial results for the second quarter ended April 30, 2017.  The earnings release will be available through the Internet on the Company&s web site at http://www.heico.com. Read More...

Tue, 25 April 2017
Flight Support Group acquires leading Aviation Interconnect Distributor
MIAMI and HOLLYWOOD, Fla., April 25, 2017 (GLOBE NEWSWIRE) -- HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) announced today that its Flight Support Group completed the acquisition of Air Cost Control (“A2C”). Financial terms were not disclosed, but HEICO stated that it expects the acquisition to be accretive to its earnings within the year following closing. Read More...

Mon, 24 April 2017
Exercises option to expand credit facility from $800 million to $1 billion
MIAMI and HOLLYWOOD, Fla., April 24, 2017 (GLOBE NEWSWIRE) -- HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) today announced that it increased its revolving credit facility (the “Facility”) to $1 billion, which is a $200 million, or 25%, increase to the Facility’s previous, $800 million limit.  This Facility’s term expires in December 2018 and there are no maturities under the Facility until then. Read More...

Wed, 19 April 2017
Share prices adjusted to reflect stock split
MIAMI and HOLLYWOOD, Fla., April 19, 2017 (GLOBE NEWSWIRE) -- HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) today reported that all shares of both its Class A Common Stock and its Common Stock will commence trading today on a “post-split” basis to reflect the Company’s previously announced 5-for-4 stock split.  Accordingly, the prices of both the Class A Common Stock and the Common Stock will automatically be adjusted downward by 25% from the New York Stock Exchange closing price on April 18, 2017 for the split at the opening of New York Stock Exchange trading this morning. Read More...

Mon, 20 March 2017
Marks 15th Stock Split or Stock Dividend in 22 Years
MIAMI and HOLLYWOOD, Fla., March 20, 2017 (GLOBE NEWSWIRE) -- HEICO Corporation (NYSE:HEI-A) (NYSE:HEI) announced today that its Board of Directors approved a 5-for-4 stock split on both its Class A Common Stock and Common Stock. Read More...

Wed, 08 March 2017
Flight Support Group to Acquire Air Cost Control of France, Germany, and USA
MIAMI and SUNRISE, Fla., March 08, 2017 (GLOBE NEWSWIRE) -- HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) today announced that its Flight Support Group has signed an agreement to acquire 80.1% of the operating units of Air Cost Control (“A2C”).  A2C’s founders, Laurent and Laure Parelle will continue to own 19.9% of A2C.  The purchase price and financial details were not disclosed. Read More...

Tue, 28 February 2017
1st Quarter Net Income up 31% on Operating Income Increase of 23%
HOLLYWOOD, Fla. and MIAMI, Feb. 28, 2017 (GLOBE NEWSWIRE) -- HEICO CORPORATION (NYSE:HEI.A) (NYSE:HEI) today reported that net income increased 31% to $40.9 million, or 59 cents per diluted share, in the first quarter of fiscal 2017, up from $31.3 million, or 46 cents per diluted share, in the first quarter of fiscal 2016. Read More...

Tue, 14 February 2017
HOLLYWOOD, Fla. and MIAMI, Feb. 14, 2017 (GLOBE NEWSWIRE) -- On February 28, 2017, after the NYSE closing, HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) will release its financial results for the first quarter ended January 31, 2017.  The earnings release will be available through the Internet on the Company’s web site at http://www.heico.com. Read More...

Thu, 12 January 2017
MIAMI and HOLLYWOOD, Fla., Jan. 12, 2017 (GLOBE NEWSWIRE) -- HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) today announced that the highly-regarded Institutional Investor magazine (“II”) named HEICO to its All America Executive Team and named Laurans A. Mendelson, HEICO’s Chairman & Chief Executive Officer, the best CEO in Aerospace & Defense Electronics sector.  In addition, Institutional Investor named HEICO’s Investor Relations program as the second best such program in the Aerospace & Defense Electronics sector. Read More...

Wed, 04 January 2017
MIAMI and HOLLYWOOD, Fla., Jan. 04, 2017 (GLOBE NEWSWIRE) -- HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) today celebrates its 60th Anniversary in business. Founded in Miami, FL as a designer and maker of innovative laboratory equipment on January 4, 1957, the Company has grown to become one of the world’s leading aerospace and defense design, manufacturing, servicing and distribution companies. Read More...

2016 Press Releases

Tue, 13 December 2016
Full Year and Fourth Quarter of Fiscal 2016 Net Income up 17% and 16% on Net Sales Increases of 16% and 11% and Operating Income Increases of 16% and 10%
HOLLYWOOD, Fla. and MIAMI, Dec. 13, 2016 (GLOBE NEWSWIRE) -- HEICO CORPORATION (NYSE:HEI.A) (NYSE:HEI) today reported that net income increased 17% to a record $156.2 million, or $2.29 per diluted share, in the fiscal year ended October 31, 2016, up from $133.4 million, or $1.97 per diluted share, in the fiscal year ended October 31, 2015. Net income increased 16% to a record $44.3 million, or 65 cents per diluted share, in the fourth quarter of fiscal 2016, up from $38.3 million, or 56 cents per diluted share, in the fourth quarter of fiscal 2015. Read More...

Tue, 13 December 2016
Represents 77th Consecutive Semi-Annual Cash Dividend
MIAMI and HOLLYWOOD, Fla., Dec. 13, 2016 (GLOBE NEWSWIRE) -- HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) today announced that its Board of Directors declared a regular semi-annual cash dividend of $.09 per share, payable on both classes of common stock. The cash dividend will be paid on January 18, 2017 to shareholders of record as of January 4, 2017. Read More...

Mon, 12 December 2016
MIAMI and HOLLYWOOD, Fla., Dec. 12, 2016 (GLOBE NEWSWIRE) -- HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) today announced that its Annual Shareholders’ Meeting will be held on March 17, 2017.  Shareholders of record at the close of business on January 13, 2017 will be entitled to vote at the meeting. Read More...

Thu, 01 December 2016
HOLLYWOOD, Fla. and MIAMI, Dec. 01, 2016 (GLOBE NEWSWIRE) -- On December 13, 2016, after the NYSE closing, HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) will release its financial results for the fourth quarter ended October 31, 2016.  The earnings release will be available through the Internet on the Company’s web site at http://www.heico.com. Read More...

Mon, 14 November 2016
MIAMI, Nov. 14, 2016 (GLOBE NEWSWIRE) -- HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) today reported that Samuel L. Higginbottom, a member of the Company’s Board of Directors, passed away at age 95, on November 13, 2016 after fighting some illnesses this year. Read More...

Tue, 04 October 2016
Laurans A. Mendelson is 2016 Recipient
MIAMI, Oct. 04, 2016 (GLOBE NEWSWIRE) -- HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) today reported that Laurans A. Mendelson, its Chairman and Chief Executive Officer, received the prestigious Wright Brothers Memorial Award from the Greater Miami Aviation Association at the Association’s annual gala dinner in Doral, FL on October 2, 2016. Read More...

Fri, 09 September 2016
BLACKSBURG, Va., BUC, France and MIAMI, Sept. 09, 2016 (GLOBE NEWSWIRE) -- HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) today reported that its VPT, Inc. and 3D Plus subsidiaries supplied mission-critical components for NASA’s OSIRIS-REx program, which launched from Cape Canaveral, FL last night. Read More...

Wed, 24 August 2016
3rd Quarter Net Income up 22% on Net Sales and Operating Income Increases of 19%
HOLLYWOOD, Fla. and MIAMI, Aug. 24, 2016 (GLOBE NEWSWIRE) -- HEICO CORPORATION (NYSE:HEI.A) (NYSE:HEI) today reported that net income increased 22% to a record $42.0 million, or 62 cents per diluted share, in the third quarter of fiscal 2016, up from $34.4 million, or 51 cents per diluted share, in the third quarter of fiscal 2015.  In the first nine months of fiscal 2016, net income increased 18% to a record $111.9 million, or $1.64 per diluted share, up from $95.1 million, or $1.40 per diluted share, in the first nine months of fiscal 2015. Read More...

Tue, 09 August 2016
HOLLYWOOD, Fla. and MIAMI, Aug. 09, 2016 (GLOBE NEWSWIRE) -- On August 24, 2016, after the NYSE closing, HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) will release its financial results for the third quarter ended July 31, 2016.  The earnings release will be available through the Internet on the Company’s web site at http://www.heico.com. Read More...

Thu, 14 July 2016
Inertial Aerospace Services Signs Agreement with Northrop Grumman
MIAMI and HIGHLAND HEIGHTS, Ohio, July 14, 2016 (GLOBE NEWSWIRE) -- HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) today announced that its Flight Support Group Subsidiary, Inertial Aerospace Services, entered into a License Agreement with Northrop Grumman Corporation (NYSE:NOC) to perform the overhaul and repair of select inertial reference units and associated accessories.  In conjunction with this agreement, Inertial Aerospace Services will receive Northrop Grumman’s parts inventory and test equipment for the Northrop Grumman licensed products.  The agreement also provides access to technical data uniquely available from Northrop Grumman Corporation. Read More...

Wed, 06 July 2016
Sierra Microwave Technology and 3D Plus subsidiaries designed and made parts
GEORGETOWN, Texas and BUC, France, July 06, 2016 (GLOBE NEWSWIRE) -- HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) today announced that two of its Electronic Technologies Group subsidiaries designed and manufactured mission-critical flight hardware for NASA’s Juno spacecraft which entered Jupiter’s orbit this week.  Juno is the first spacecraft in history to make this remarkable achievement. Read More...

Mon, 06 June 2016
MIAMI and HOLLYWOOD, Fla., June 06, 2016 (GLOBE NEWSWIRE) -- HEICO CORPORATION (NYSE:HEI.A) (NYSE:HEI) today announced that its Board of Directors declared a regular semi-annual cash dividend of $.08 per share payable on both classes of common stock.  The cash dividend is payable on July 19, 2016 to shareholders of record as of July 5, 2016.  In December 2015, the cash dividend was increased by 14%. Read More...

Thu, 02 June 2016
Recognition Marks 11 Forbes Awards in 11 Years for HEICO
HOLLYWOOD, Fla. and MIAMI, June 02, 2016 (GLOBE NEWSWIRE) -- HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) today announced that Forbes has ranked the company as one of the "100 Most Trustworthy Companies in America" for 2016 based on accounting and governance practices. Read More...

Wed, 25 May 2016
2nd Quarter Net Sales and Operating Income Increase 20%; Net Income up 17%
HOLLYWOOD, Fla. and MIAMI, May 25, 2016 (GLOBE NEWSWIRE) -- HEICO CORPORATION (NYSE:HEI.A) (NYSE:HEI) today reported that net income increased 17% to a record $38.7 million, or 57 cents per diluted share, in the second quarter of fiscal 2016, up from $33.1 million, or 49 cents per diluted share, in the second quarter of fiscal 2015.  In the first six months of fiscal 2016, net income increased 15% to $69.9 million, or $1.03 per diluted share (after a $.03 reduction related to nonrecurring acquisition costs incurred in the first quarter of fiscal 2016), up from $60.7 million, or 90 cents per diluted share, in the first six months of fiscal 2015. Read More...

Tue, 10 May 2016
HOLLYWOOD, Fla. and MIAMI, May 10, 2016 (GLOBE NEWSWIRE) -- On May 25, 2016, after the NYSE closing, HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) will release its financial results for the second quarter ended April 30, 2016.  The earnings release will be available through the Internet on the Company’s web site at http://www.heico.com. Read More...

Thu, 25 February 2016
1st Quarter Adjusted Net Income up 20% on Net Sales Increase of 14% and Adjusted Operating Income Increase of 20%
HOLLYWOOD, Fla. and MIAMI, Feb. 25, 2016 (GLOBE NEWSWIRE) -- HEICO CORPORATION (NYSE:HEI.A) (NYSE:HEI) today reported that adjusted net income increased 20% to $33.2 million, or 49 cents per diluted share, in the first quarter of fiscal 2016, up from $27.6 million, or 41 cents per diluted share, in the first quarter of fiscal 2015. Read More...

Thu, 11 February 2016
HOLLYWOOD, Fla. and MIAMI, Feb. 11, 2016 (GLOBE NEWSWIRE) -- On February 25, 2016, after the NYSE closing, HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) will release its financial results for the first quarter ended January 31, 2016.  The earnings release will be available through the Internet on the Company’s web site at http://www.heico.com. Read More...

Tue, 12 January 2016
Largest Acquisition in HEICO's History
HOLLYWOOD, Fla. and MIAMI, Jan. 12, 2016 (GLOBE NEWSWIRE) -- HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) today announced that its Electronic Technologies Group completed the acquisition of Robertson Fuel Systems, LLC (“Robertson”), HEICO’s largest-ever acquisition.  On December 21, 2015, HEICO announced it had entered into an agreement, subject to regulatory approval which was subsequently received, to acquire Robertson from affiliates of American Securities LLC for $255 million in cash to be paid at closing, to be adjusted for typical post-closing adjustments. Read More...

2015 Press Releases

Mon, 21 December 2015
Signs Agreement to Buy Robertson Fuel Systems
HOLLYWOOD, Fla. and TEMPE, Ariz., Dec. 21, 2015 (GLOBE NEWSWIRE) -- HEICO Corporation (NYSE:HEI.A) and (NYSE:HEI) today announced that its Electronic Technologies Group has entered into an agreement to acquire Robertson Fuel Systems, LLC (“Robertson”) from affiliates of American Securities LLC for $255 million in cash to be paid at closing, subject to typical post-closing adjustments.  The transaction is subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act and other customary closing conditions.  The parties anticipate the acquisition will be completed within 60 days. Read More...

Tue, 15 December 2015
Fourth Quarter and Fiscal 2015 Net Income up 19% and 10% on Operating Income Increases of 28% and 13%
HOLLYWOOD, Fla. and MIAMI, Dec. 15, 2015 (GLOBE NEWSWIRE) -- HEICO CORPORATION (NYSE:HEI.A) (NYSE:HEI) today reported that net income increased 19% to a record $38.3 million, or 56 cents per diluted share, in the fourth quarter of fiscal 2015, up from $32.1 million, or 48 cents per diluted share, in the fourth quarter of fiscal 2014.  Net income in the fourth quarter of fiscal 2014 includes a benefit of approximately $1.7 million or 3 cents per diluted share, from a net reduction in accrued contingent consideration and impairment losses related to a prior year acquisition. Read More...

Mon, 14 December 2015
Represents 75th Consecutive Semi-Annual Cash Dividend
MIAMI and HOLLYWOOD, Fla., Dec. 14, 2015 (GLOBE NEWSWIRE) -- HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) today announced that its Board of Directors declared a regular semi-annual cash dividend of $.08 per share, payable on both classes of common stock.  The cash dividend will be paid on January 19, 2016 to shareholders of record as of January 4, 2016. Read More...

Mon, 30 November 2015
HOLLYWOOD, Fla. and MIAMI, Nov. 30, 2015 (GLOBE NEWSWIRE) -- On December 15, 2015, after the NYSE closing, HEICO Corporation (NYSE: HEI.A) (NYSE: HEI) will release its financial results for the fourth quarter ended October 31, 2015.  The earnings release will be available through the Internet on the Company's web site at http://www.heico.com. Read More...

Tue, 25 August 2015
3rd Quarter Operating Income up 17%
HOLLYWOOD, Fla. and MIAMI, Aug. 25, 2015 (GLOBE NEWSWIRE) -- HEICO CORPORATION (NYSE:HEI.A) (NYSE:HEI) today reported that net income increased 3% to a record $34.4 million, or 51 cents per diluted share, in the third quarter of fiscal 2015, up from $33.4 million, or 49 cents per diluted share, in the third quarter of fiscal 2014.  Net income in the third quarter of fiscal 2014 includes approximately $3.4 million, or a $.05 per diluted share benefit, from a reduction in accrued contingent consideration related to a prior year acquisition. Read More...

Mon, 24 August 2015
Electronic Technologies Group Acquires Midwest Microwave Solutions. Flight Support Group Buys Astroseal Products Manufacturing
HOLLYWOOD, Fla., HIAWATHA, Iowa and CHESTER, Conn., Aug. 24, 2015 (GLOBE NEWSWIRE) -- HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) today announced that it has completed two acquisitions, in addition to one announced last week.  Both purchases were made for cash, but other transaction terms and financial details were not disclosed. Read More...

Wed, 19 August 2015
Flight Support Group Buys Aerospace & Commercial Technologies
MIAMI and FT. WORTH, Texas, Aug. 19, 2015 (GLOBE NEWSWIRE) -- HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) today announced it has acquired 80.1% of Aerospace & Commercial Technologies (ACT), a leading provider of products and services necessary to maintain up-to-date F-16 fighter aircraft operational capabilities.  ACT's leadership team will continue to own 19.9% of ACT.  The purchase price and financial details were not disclosed. Read More...

Tue, 11 August 2015
HOLLYWOOD, Fla. and MIAMI, Aug. 11, 2015 (GLOBE NEWSWIRE) -- On August 25, 2015, after the NYSE closing, HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) will release its financial results for the third quarter ended July 31, 2015.  The earnings release will be available through the Internet on the Company's web site at http://www.heico.com. Read More...

Mon, 13 July 2015
HOLLYWOOD, Fla., BLACKSBURG, Va. and BUC, France, July 13, 2015 (GLOBE NEWSWIRE) -- HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) today reported that two of its subsidiaries supplied products for NASA's remarkable New Horizons spacecraft which is scheduled to make a historic first Flyby past Pluto tomorrow, July 14, 2015. Read More...

Tue, 23 June 2015
Extended Triple Life Will Facilitate Aircraft Recovery Efforts
SARASOTA, Fla., June 23, 2015 (GLOBE NEWSWIRE) -- Dukane Seacom (a HEICO Company) has created the first FAA and EASA certified 90 day underwater locator beacon (ULB) that complies with TSO-C121b & TSO-C142a and ETSO-C121b & ETSO-C142a.  Dukane Seacom is the world's largest supplier of ULB devices to the commercial and military aviation markets. Read More...

Mon, 15 June 2015
Recognition Marks 10 Forbes Awards in 10 Years for HEICO
MIAMI and HOLLYWOOD, Fla., June 15, 2015 (GLOBE NEWSWIRE) -- Forbes Magazine has again named HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) one of the "100 Most Innovative Growth Companies" for 2015, marking 10 awards in 10 years for the rapidly growing aviation, defense, space and electronics company. Read More...

Tue, 09 June 2015
Represents 74th Consecutive Semi-Annual Cash Dividend
MIAMI and HOLLYWOOD, Fla., June 9, 2015 (GLOBE NEWSWIRE) -- HEICO CORPORATION (NYSE: HEI.A) (NYSE: HEI) today announced that its Board of Directors declared a regular semi-annual cash dividend of $.07 per share payable on both classes of common stock.  The cash dividend is payable on July 20, 2015 to shareholders of record as of July 6, 2015. Read More...