Company: HEI-A
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0000046619-25-000062
Chunk: 52

Company: HEICO CORP
Filing Date: 2025-08-27
Form: 10-Q
Item: Item 8
Chunk 52
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,591 $992,246 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 income$739,976 $605,809 $265,019 $216,446 Net sales by segment:Flight Support Group$2,282,905 $1,947,574 $802,661 $681,626 Electronic Technologies Group1,028,345 927,393 355,863 322,129 Intersegment sales(35,617)(30,963)(10,933)(11,509)$3,275,633 $2,844,004 $1,147,591 $992,246 Operating income by segment:Flight Support Group$549,422 $438,561 $198,326 $153,594 Electronic Technologies Group235,334 206,379 80,998 75,788 Other, primarily corporate(44,780)(39,131)(14,305)(12,936)$739,976 $605,809 $265,019 $216,446 Net sales100.0%100.0%100.0%100.0%Gross profit39.7%39.0%39.8%39.2%Selling, general and administrative expenses17.1%17.7%16.7%17.4%Operating income22.6%21.3%23.1%21.8%Interest expense(3.0%)(4.0%)(2.8%)(3.7%)Other income .1%.1%.1%.1%Income tax expense3.2%3.0%3.9%3.3%Net income attributable to noncontrolling interests1.2%1.2%1.2%1.1%Net income attributable to HEICO15.3%13.2%15.5%13.8%

29

Comparison of First Nine Months of Fiscal 2025 to First Nine Months of Fiscal 2024

Net Sales

Our consolidated net sales in the first nine months of fiscal 2025 increased by 15% to a record $3,275