Company: HEI-A
Filing Date: 2025-05-29
Form Type: 10-Q
Source: 0000046619-25-000046
Chunk: 48

Company: HEICO CORP
Filing Date: 2025-05-29
Form: 10-Q
Item: Item 8
Chunk 48
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 respective items in our Condensed Consolidated Statements of Operations (in thousands):

Six months ended April 30,Three months ended April 30,2025202420252024Net sales$2,128,042 $1,851,758 $1,097,820 $955,395 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 income$474,957 $389,363 $248,152 $209,153 Net sales by segment:Flight Support Group$1,480,244 $1,265,948 $767,070 $647,232 Electronic Technologies Group672,482 605,264 342,167 319,322 Intersegment sales(24,684)(19,454)(11,417)(11,159)$2,128,042 $1,851,758 $1,097,820 $955,395 Operating income by segment:Flight Support Group$351,096 $284,967 $184,980 $148,876 Electronic Technologies Group154,336 130,591 77,880 75,263 Other, primarily corporate(30,475)(26,195)(14,708)(14,986)$474,957 $389,363 $248,152 $209,153 Net sales100.0 %100.0 %100.0 %100.0 %Gross profit39.6 %38.8 %39.9 %38.9 %Selling, general and administrative expenses17.3 %17.8 %17.3 %17.0 %Operating income22.3 %21.0 %22.6 %21.9 %Interest expense(3.1 %)(4.2 %)(3.0 %)(4.0 %)Other income .1 %.1 %.1 %— %Income tax expense2.8 %2.9 %4.1 %3.8 %Net income attributable to noncontrolling interests1.3 %1.2