Company: HEI-A
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0000046619-25-000062
Chunk: 5

Company: HEICO CORP
Filing Date: 2025-08-27
Form: 10-Q
Item: Item 1
Chunk 5
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272)(7,272)Accumulated other comprehensive income (loss)882 (26,076)Retained earnings3,488,777 3,062,166 Total HEICO shareholders’ equity4,141,366 3,636,877 Noncontrolling interests71,087 60,529 Total shareholders’ equity4,212,453 3,697,406 Total liabilities and equity$8,531,623 $7,592,822 

The accompanying notes are an integral part of these condensed consolidated financial statements.

2

Index

HEICO CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS – UNAUDITED

(in thousands, except per share data)

Nine months ended July 31,Three months ended July 31,2025202420252024Net sales$3,275,633 $2,844,004 $1,147,591 $992,246 Operating costs and expenses:Cost of sales1,975,010 1,736,170 690,434 602,976 Selling, general and administrative expenses560,647 502,025 192,138 172,824 Total operating costs and expenses2,535,657 2,238,195 882,572 775,800 Operating income739,976 605,809 265,019 216,446 Interest expense(97,024)(113,907)(31,701)(36,788)Other income 3,217 1,798 1,662 659 Income before income taxes and noncontrolling interests646,169 493,700 234,980 180,317 Income tax expense103,400 85,500 44,300 32,500 Net income from consolidated operations542,769 408,200 190,680 147,817 Less: Net income attributable to noncontrolling interests40,680 33,779 13,339 11,240 Net income attributable to HEICO$502,089 $374,421 $177,341 $136,577 Net income per share attributable to HEICO shareholders:Basic$3.61 $2.71 $1.27 $.99 Diluted$3.57 $2.67 $1.26 $.97 Weighted average number of common shares outstanding:Basic138,993