HEICO CORP. overview

HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) today announced its Flight Support Group has acquired 90% of the stock of Millennium International, LLC ("Millennium"). The balance of the company's ownership will continue to be held by its co-founders. Transaction terms and financial details were not disclosed. HEICO stated that it expects the acquisition to be accretive to its earnings in the year following closing. Millennium is known for its pioneering role in business jet avionics repair solutions,...

MIRAMAR, FL and HOLLYWOOD, FL / ACCESS Newswire / January 28, 2025 / HEICO Corporation (NYSE:HEI.A, HEI) today announced its Sunshine Avionics subsidiary entered into an exclusive license agreement and acquired key assets for the Boeing 777 AIMS (Airplane Information Management System) and Boeing 737NG/P-8/E-7 VIA (Versatile Integrated Avionics) product lines from Honeywell. The transaction was structured as an exclusive perpetual license and asset purchase. Sunshine Avionics is part of HEICO's...

HOLLYWOOD, FL and MIAMI, FL / ACCESSWIRE / December 17, 2024 / HEICO CORPORATION (NYSE:HEI.A)(NYSE:HEI) today reported net income increased 35% to a record $139.7 million, or $.99 per diluted share, in the fourth quarter of fiscal 2024, up from $103.4 million, or $.74 per diluted share, in the fourth quarter of fiscal 2023. Net income increased 27% to a record $514.1 million, or $3.67 per diluted share, in the fiscal year ended October 31, 2024, up from $403.6 million, or $2.91 per diluted...

$.11 per share cash dividend declared HOLLYWOOD, FL / ACCESSWIRE / December 17, 2024 / HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) today announced that its Board of Directors declared an $0.11 per share semiannual cash dividend payable on all shares of its Class A Common Stock and its Common Stock. The dividend is HEICO's 93rd consecutive semiannual cash dividend since 1979. The dividend is payable on January 17, 2025 to all shareholders of record on January 3, 2025. Laurans A. Mendelson, HEICO's...

HOLLYWOOD, FL and MIAMI, FL / ACCESSWIRE / December 3, 2024 / On December 17, 2024 after the NYSE closing, HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) will release its financial results for the fourth quarter ended October 31, 2024. The earnings release will be available through the Internet on the Company's website at https://www.heico.com . In order to assist interested parties in scheduling their participation in HEICO teleconferences, the Company issues advance notices of conference calls....

MIAMI, FL, PARIS, FRANCE, and CHENNAI, INDIA / ACCESSWIRE / November 4, 2024 / HEICO Corporation today announced that its Paris, France-based Exxelia subsidiary acquired 70% of SVM Private Limited ("SVM") for cash paid at closing. Exxelia is part of HEICO's Electronic Technologies Group. SVM's management retains the remaining 30% ownership. HEICO stated that it expects the acquisition to be accretive to its earnings within the year following closing. Based in Chennai, India, SVM is a leading...

MIAMI, FL and DERBY, KS / ACCESSWIRE / October 21, 2024 / HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) today announced that its Electronic Technologies Group acquired approximately 88% of Mid Continent Controls, Inc. ("MC2") for cash at closing. Key MC2 managers will continue to own the balance of the company. Additional financial details were not disclosed. HEICO stated that it expects the acquisition to be accretive to its earnings within the year following the acquisition. Derby, KS-based MC2 is...

SANTA ANA, CA and MIAMI, FL / ACCESSWIRE / October 1, 2024 / HEICO Corporation (NYSE:HEI) and (NYSE:HEI.A) today announced that its Electronic Technologies Group acquired 92.5% of Marway Power Solutions, Inc. ("Marway") for cash at closing. The balance of the company's ownership will continue to be held by its executive management. Further financial terms were not disclosed. HEICO stated that it expects the acquisition to be accretive to earnings within the year following the acquisition....