Company: HEI-A
Filing Date: 2025-05-29
Form Type: 10-Q
Source: 0000046619-25-000046
Chunk: 27

Company: HEICO CORP
Filing Date: 2025-05-29
Form: 10-Q
Item: Item 1
Chunk 27
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 receivable, trade accounts payable and accrued expenses and other current liabilities approximate fair value as of April 30, 2025 due to the relatively short maturity of the respective instruments.  The carrying amount of borrowings under the Company's credit facility approximates fair value due to its variable interest rate.  See Note 5, Long-Term Debt, for the estimated fair value of the Company’s senior unsecured notes.

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9.    NET INCOME PER SHARE ATTRIBUTABLE TO HEICO SHAREHOLDERS

    The computation of basic and diluted net income per share attributable to HEICO shareholders is as follows (in thousands, except per share data):Six months ended April 30,Three months ended April 30,2025202420252024Numerator:Net income attributable to HEICO$324,748 $237,844 $156,793 $123,146 Denominator:Weighted average common shares outstanding - basic138,921 138,325 139,005 138,386 Effect of dilutive stock options1,620 1,651 1,594 1,673 Weighted average common shares outstanding - diluted140,541 139,976 140,599 140,059 Net income per share attributable to HEICO shareholders:Basic$2.34 $1.72 $1.13 $.89 Diluted$2.31 $1.70 $1.12 $.88 Anti-dilutive stock options excluded397 1,215 740 1,009 

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10.    OPERATING SEGMENTS

Information on the Company’s two operating segments, the FSG and the ETG, for the six and three months ended April 30, 2025 and 2024, respectively, is as follows (in thousands):Other, Primarily Corporate and Intersegment (1)Consolidated TotalsSegmentFSGETGSix months ended April 30, 2025:Net sales$1,480,244 $672,482 ($24,684)$2,128,042 Depreciation13,187 12,030 999 26,216 Amortization41,094 27,007 785 68,886 Operating income351,096 154,336 (30,475)474,957 Capital expenditures19,014 14,278 7 33,299 Six months ended