Company: HEI-A
Filing Date: 2025-02-28
Form Type: 10-Q
Source: 0000046619-25-000015
Chunk: 60

Company: HEICO CORP
Filing Date: 2025-02-28
Form: 10-Q
Item: Item 2
Chunk 60
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uarantor subsidiaries, whether by dividends, loans or otherwise.  Holders of the guaranteed registered debt securities will have a direct claim only against the Guarantor Group.

The following tables include summarized financial information for the Guarantor Group (in thousands).  The information for the Guarantor Group is presented on a combined basis, excluding intercompany balances and transactions between us and the Guarantor Group and excluding investments in and equity in the earnings of non-guarantor subsidiaries.  The Guarantor Group’s amounts due from, amounts due to, and transactions with non-guarantor subsidiaries have been presented in separate line items.  The consolidating schedules are provided in accordance with the reporting requirements of Rule 13-01 under SEC Regulation S-X for the issuer and guarantor subsidiaries.

As of As ofJanuary 31, 2025October 31, 2024Current assets (excluding net intercompany receivable from non-guarantor subsidiaries)$1,684,364 $1,642,341 Noncurrent assets 4,703,981 4,627,711 Net intercompany receivable from/ (payable to) non-guarantor subsidiaries247,337 243,421 Current liabilities (excluding net intercompany payable to non-guarantor subsidiaries)511,707 546,677 Noncurrent liabilities 2,964,285 2,793,193 Redeemable noncontrolling interests 262,444 243,277 Noncontrolling interests 53,455 49,900 

Three months endedJanuary 31, 2025Net sales $857,041 Gross profit 332,070 Operating income 189,860 Net income from consolidated operations170,511 Net income attributable to HEICO160,511 

31

Three months endedJanuary 31, 2025Intercompany net sales$2,531 Intercompany management fee 971 Intercompany interest income 2,282 Intercompany dividends17,047 

Forward-Looking Statements

Certain statements in this report constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.  All statements contained herein that are not clearly historical in nature may be forward-looking and the words “anticipate,” “believe,” “expect,” “estimate” and similar expressions are generally intended to identify forward-looking statements.  Any forward-looking statement contained herein, in press releases, written statements or other documents filed with the Securities and Exchange