Company: HEI-A
Filing Date: 2025-05-29
Form Type: 10-Q
Source: 0000046619-25-000046
Chunk: 5

Company: HEICO CORP
Filing Date: 2025-05-29
Form: 10-Q
Item: Item 1
Chunk 5
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272)(7,272)Accumulated other comprehensive loss(411)(26,076)Retained earnings3,328,591 3,062,166 Total HEICO shareholders’ equity3,967,551 3,636,877 Noncontrolling interests67,756 60,529 Total shareholders’ equity4,035,307 3,697,406 Total liabilities and equity$8,092,176 $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)

Six months ended April 30,Three months ended April 30,2025202420252024Net sales$2,128,042 $1,851,758 $1,097,820 $955,395 Operating costs and expenses:Cost of sales1,284,576 1,133,194 660,016 583,600 Selling, general and administrative expenses368,509 329,201 189,652 162,642 Total operating costs and expenses1,653,085 1,462,395 849,668 746,242 Operating income474,957 389,363 248,152 209,153 Interest expense(65,323)(77,119)(32,865)(38,512)Other income 1,555 1,139 636 460 Income before income taxes and noncontrolling interests411,189 313,383 215,923 171,101 Income tax expense59,100 53,000 45,400 36,200 Net income from consolidated operations352,089 260,383 170,523 134,901 Less: Net income attributable to noncontrolling interests27,341 22,539 13,730 11,755 Net income attributable to HEICO$324,748 $237,844 $156,793 $123,146 Net income per share attributable to HEICO shareholders:Basic$2.34 $1.72 $1.13 $.89 Diluted$2.31 $1.70 $1.12 $.88 Weighted average number of common shares outstanding:Basic138,921 138,325