Company: HEI-A
Filing Date: 2025-05-29
Form Type: 10-Q
Source: 0000046619-25-000046
Chunk: 6

Company: HEICO CORP
Filing Date: 2025-05-29
Form: 10-Q
Item: Item 1
Chunk 6
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139,005 138,386 Diluted140,541 139,976 140,599 140,059 

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

3

Index

HEICO CORPORATION AND SUBSIDIARIES 

CONDENSED CONSOLIDATED STATEMENTS OF 

COMPREHENSIVE INCOME – UNAUDITED

(in thousands)

Six months ended April 30,Three months ended April 30,2025202420252024Net income from consolidated operations$352,089 $260,383 $170,523 $134,901 Other comprehensive income (loss):Foreign currency translation adjustments26,278 4,618 55,092 (10,143)Amortization of unrealized loss on defined benefit pension plan, net of tax1 26 — 13 Total other comprehensive income (loss)26,279 4,644 55,092 (10,130)Comprehensive income from consolidated operations378,368 265,027 225,615 124,771 Net income attributable to noncontrolling interests 27,341 22,539 13,730 11,755 Foreign currency translation adjustments attributable to noncontrolling interests614 141 1,917 (415)Comprehensive income attributable to noncontrolling interests27,955 22,680 15,647 11,340 Comprehensive income attributable to HEICO$350,413 $242,347 $209,968 $113,431 

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

4

HEICO CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY - UNAUDITED

For the Six Months Ended April 30, 2025 and 2024

(in thousands, except per share data)

HEICO Shareholders' EquityRedeemable Noncontrolling InterestsCommon StockClass A Common StockCapital in Excess of Par ValueDeferred Compensation ObligationHEICO Stock Held by Irrevocable TrustAccumulated Other Comprehensive LossRetained EarningsNoncontrolling InterestsTotal Shareholders' EquityBalances as of October 31, 2024$366,156 $550 $838 $599,399 $7,272 ($7,272)($26,076)$3,062,166 $60,529 $3