Company: HEI-A
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0000046619-25-000062
Chunk: 30

Company: HEICO CORP
Filing Date: 2025-08-27
Form: 10-Q
Item: Item 1
Chunk 30
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Nine months ended July 31, 2024:Net sales$1,947,574 $927,393 ($30,963)$2,844,004 Depreciation18,612 16,706 921 36,239 Amortization54,926 38,304 1,177 94,407 Operating income438,561 206,379 (39,131)605,809 Capital expenditures20,639 20,869 667 42,175 Three months ended July 31, 2025:Net sales$802,661 $355,863 ($10,933)$1,147,591 Depreciation7,096 6,556 497 14,149 Amortization21,485 13,741 392 35,618 Operating income198,326 80,998 (14,305)265,019 Capital expenditures7,224 5,453 62 12,739 Three months ended July 31, 2024:Net sales$681,626 $322,129 ($11,509)$992,246 Depreciation6,683 5,645 312 12,640 Amortization18,622 12,655 393 31,670 Operating income153,594 75,788 (12,936)216,446 Capital expenditures7,925 7,841 84 15,850 (1)  Intersegment activity principally consists of net sales from the ETG to the FSG.

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Total assets by operating segment are as follows (in thousands):Other, Primarily CorporateConsolidated TotalsSegmentFSGETGTotal assets as of July 31, 2025$4,605,036 $3,447,101 $479,486 $8,531,623 Total assets as of October 31, 20244,264,360 2,981,326 347,136 7,592,822 

11.     COMMITMENTS AND CONTINGENCIES

GuaranteesAs of July 31, 2025, the Company had outstanding standby letters of credit and guarantees with financial institutions aggregating $6.7 million.  These standby letters of credit and guarantees pertain to performance guarantees issued in connection with customer contracts entered into by certain of the Company's subsidiaries, and a payment guarantee related to potential