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Heico 8-K Report, Financial Results (May 27, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed May 27, 2026
Period End
May 27, 2026
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. Material agreement8-K · Nov ’17Nov ’17
  2. Leadership change8-K · Mar ’21Mar ’21
  3. Leadership change8-K · Aug ’25Aug ’25

01—Abstract

Summary

Summary of the 8-K filed May 27, 2026. Cited figures are marked; the original filing is the authoritative source.

HEICO Corporation reported record second-quarter fiscal 2026 results for the three months ended April 30, 2026, per a press release furnished as Exhibit 99.1.

Net income attributable to HEICO rose 49% to a record $233.8 milliona, or $1.66 per diluted share, on record net sales of $1,375.7 million (up 25%) and record operating income of $350.4 million (up 41%). The consolidated operating margin improved to 25.5% from 22.6%, and the company stated consolidated organic net sales growth of 18%. For the first six months, net income rose 31% to a record $424.0 million, or $3.01 per diluted share, and net sales rose 20% to $2,554.3 million.

Cash flow from operations increased 43% to $292.0 millionb in the second quarter, and management said it continues to forecast strong operating cash flow for fiscal 2026. Leverage increased over the period as the company completed four acquisitions in the first six months, two by the Flight Support Group and two by the Electronic Technologies Group. The total debt to net income attributable to HEICO ratio was 3.28x and the net debt to EBITDA ratio was 1.74x at April 30, 2026, compared with 3.14x and 1.60x at October 31, 2025.

Management expects increased net sales at both segments for the rest of fiscal 2026 and said it will keep evaluating acquisitions. Both segments posted record quarterly results. Flight Support Group net sales rose 21% to $929.4 millionc with 19% organic growth, and operating margin improved to 26.2%.

Electronic Technologies Group net sales rose 34% to $459.5 milliond with 17% organic growth, and operating margin improved to 26.5%. The company also reported EBITDA of $408.3 million for the quarter, and a conference call is scheduled for May 28, 2026.

02—Key points

Key Highlights

  1. Record Q2 fiscal 2026 net income of $233.8 million ($1.66 per diluted share), up 49% from $156.8 million ($1.12 per diluted share) a year earlier.
  2. Record Q2 net sales of $1,375.7 million (up 25%) and operating income of $350.4 million (up 41%); consolidated operating margin rose to 25.5% from 22.6%.
  3. Consolidated organic net sales growth of 18% in the quarter, with both segments contributing strong organic growth alongside fiscal 2025 and 2026 acquisitions.
  4. Operating cash flow rose 43% to $292.0 million in Q2; management continues to forecast strong fiscal 2026 operating cash flow.
  5. Leverage increased after four acquisitions in the first half: total debt to net income ratio of 3.28x and net debt to EBITDA of 1.74x, up from 3.14x and 1.60x at October 31, 2025.
  6. Electronic Technologies Group quarterly net sales rose 34% to $459.5 million, with operating margin of 26.5%; Flight Support Group net sales rose 21% to $929.4 million, with operating margin of 26.2%.
  7. Six-month results: net income up 31% to $424.0 million ($3.01 per diluted share) and net sales up 20% to $2,554.3 million.

03—Questions

Frequently Asked Questions

  1. How did HEICO perform in the second quarter of fiscal 2026?

    HEICO reported record second-quarter net sales of $1,375.7 million, up 25%, record operating income of $350.4 million, up 41%, and record net income attributable to HEICO of $233.8 million, or $1.66 per diluted share, up 49%. Consolidated organic net sales growth was 18%.

  2. Did HEICO's leverage change during the period?

    Yes. The total debt to net income attributable to HEICO ratio rose to 3.28x at April 30, 2026, from 3.14x at October 31, 2025, and the net debt to EBITDA ratio rose to 1.74x from 1.60x. The company attributed the increase to four acquisitions completed in the first six months of fiscal 2026.

  3. What is management's outlook for the rest of fiscal 2026?

    Management expects increased net sales at both the Flight Support Group and Electronic Technologies Group, supported by underlying demand and contributions from recent acquisitions. It also forecasts strong cash flow from operations for fiscal 2026 and intends to keep evaluating acquisition opportunities.

  4. How did the two segments perform?

    The Flight Support Group's net sales rose 21% to a record $929.4 million, with 19% organic growth and operating margin of 26.2%. The Electronic Technologies Group's net sales rose 34% to a record $459.5 million, with 17% organic growth and operating margin of 26.5%.

  5. How much cash did HEICO generate from operations and what did it spend on acquisitions?

    Cash flow provided by operating activities increased 43% to $292.0 million in the second quarter, up from $204.7 million a year earlier. For the six months ended April 30, 2026, acquisitions used $821.3 million net of cash acquired, compared with $286.2 million in the prior-year period.

04—Continue

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