Skip to content
AnalystLens

Heico 8-K Report, Financial Results (May 27, 2025)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed May 27, 2025
Period End
May 27, 2025
Securities
HEIHEI-A
In the record · 2016–202610-K1010-Q338-K83

HEI filed 10 annual reports (10-K), 33 quarterly reports (10-Q) and 83 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Mar ’18Mar ’18
  2. Leadership change8-K · Apr ’20Apr ’20
  3. Material agreement8-K · Aug ’22Aug ’22
  4. Material agreement8-K · Jul ’26Jul ’26

01—Abstract

Summary

Summary of the 8-K filed May 27, 2025. Cited figures are marked; the original filing is the authoritative source.

HEICO Corporation reported record second-quarter fiscal 2025 results for the three months ended April 30, 2025, according to a press release furnished as Exhibit 99.1.

Net income attributable to HEICO rose 27% to $156.8 milliona, or $1.12 per diluted share, from $123.1 million, or $.88 per diluted share, a year earlier. Net sales increased 15% to a record $1,097.8 million, and operating income increased 19% to a record $248.2 million, with the consolidated operating margin improving to 22.6% from 21.9%. For the first six months of fiscal 2025, net income rose 37% to a record $324.7 million, or $2.31 per diluted share, and net sales rose 15% to a record $2,128.0 million.

By segment, the Flight Support Group reported quarterly net sales up 19% to a record $767.1 millionb and operating income up 24% to a record $185.0 million, with the company citing 14% organic net sales growth. The Electronic Technologies Group's quarterly net sales increased 7% to $342.2 million, with organic growth of 4%, while its operating income rose 3% to $77.9 million. The company stated that the Flight Support Group has achieved nineteen consecutive quarters of sequential net sales growth.

Cash flow from operations increased 45% to $204.7 millionc in the second quarter. Leverage declined, with the total debt to net income attributable to HEICO ratio at 3.79x and the net debt to EBITDA ratio at 1.86x as of April 30, 2025, down from 4.34x and 2.06x as of October 31, 2024. Management said it remains confident in net sales growth across both segments in the remainder of fiscal 2025 and plans to pursue both acquisitions and organic growth.

02—Key points

Key Highlights

  1. Record second-quarter net sales of $1,097.8 million, up 15% from $955.4 million.
  2. Net income attributable to HEICO increased 27% to $156.8 million, or $1.12 per diluted share, for the quarter.
  3. Record operating income of $248.2 million for the quarter, up 19%, with operating margin improving to 22.6% from 21.9%.
  4. Flight Support Group net sales rose 19% to a record $767.1 million, with 14% organic growth; operating income rose 24% to a record $185.0 million.
  5. Electronic Technologies Group net sales rose 7% to $342.2 million, with 4% organic growth; operating income rose 3% to $77.9 million, and operating margin fell to 22.8% from 23.6%.
  6. Cash flow provided by operating activities increased 45% to $204.7 million in the second quarter.
  7. Leverage declined, with total debt to net income attributable to HEICO at 3.79x and net debt to EBITDA at 1.86x as of April 30, 2025.

03—Questions

Frequently Asked Questions

  1. How did HEICO perform in the second quarter of fiscal 2025?

    HEICO reported record net sales of $1,097.8 million and record operating income of $248.2 million, both up from the prior-year quarter. Net income attributable to HEICO rose 27% to $156.8 million, or $1.12 per diluted share.

  2. Which segment drove the quarter's growth?

    The Flight Support Group drove most of the growth, with net sales up 19% to a record $767.1 million and 14% organic growth. The Electronic Technologies Group grew more modestly, with net sales up 7% and organic growth of 4%.

  3. Why did the Electronic Technologies Group's operating margin decline?

    The company attributed the lower operating margin for the quarter to a lower gross profit margin, which reflected decreased defense and medical products net sales, partially offset by increased space products net sales. Operating margin fell to 22.8% from 23.6%.

  4. How is HEICO's balance sheet and cash generation trending?

    Cash flow from operations rose 45% to $204.7 million in the quarter. Total debt to net income attributable to HEICO fell to 3.79x from 4.34x, and net debt to EBITDA fell to 1.86x from 2.06x, both compared with October 31, 2024.

  5. What is management's outlook for the remainder of fiscal 2025?

    Management said it remains confident in achieving net sales growth across both the Flight Support Group and Electronic Technologies Group, driven primarily by strong organic demand. It also aims to accelerate growth through recently completed acquisitions and to pursue future acquisition opportunities.

04—Continue

← View all 8-K filings