Company: HEI-A
Filing Date: 2025-12-22
Form Type: 10-K
Source: 0000046619-25-000082
Chunk: 115

Company: HEICO CORP
Filing Date: 2025-12-22
Form: 10-K
Item: Item 8
Chunk 115
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 a variety of demanding applications, and rugged small form-factor embedded computing solutions, and high performance test sockets and adaptors.The following table summarizes the Company’s net sales by industry for each operating segment (in thousands):Year ended October 31,202520242023Flight Support Group:Aerospace$2,369,255 $1,960,705 $1,257,650 Defense and Space 686,865 600,806 434,229 Other (1)61,157 77,843 78,306 Total net sales3,117,277 2,639,354 1,770,185 Electronic Technologies Group:Defense and Space 716,550 650,647 603,414 Other (2)421,011 394,932 438,189 Aerospace 275,559 218,047 183,619 Total net sales1,413,120 1,263,626 1,225,222 Intersegment sales(45,353)(45,311)(27,302)Total consolidated net sales$4,485,044 $3,857,669 $2,968,105 (1)    Principally industrial products.(2)    Principally other electronics and medical products.

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7.    INCOME TAXES

    The components of income before income taxes and noncontrolling interests are as follows (in thousands):Year ended October 31, 202520242023Domestic$814,178 $596,060 $479,990 Foreign79,376 81,526 75,293 Income before taxes and noncontrolling interests$893,554 $677,586 $555,283     The components of the provision for income taxes on income before income taxes and noncontrolling interests are as follows (in thousands):Year ended October 31,202520242023Current:Federal$148,908 $97,164 $96,492 State23,114 19,195 18,225 Foreign24,543 24,143 22,714 196,565 140,502 137,431 Deferred:Federal(38,000)(17,038)(19,049)State(7,615)(2,911)(4,311)Foreign(2,950)(2,053)(3,171)(48,565)(22,002)(