Company: HEI-A
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0000046619-25-000062
Chunk: 29

Company: HEICO CORP
Filing Date: 2025-08-27
Form: 10-Q
Item: Item 1
Chunk 29
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 accounts receivable, trade accounts payable and accrued expenses and other current liabilities approximate fair value as of July 31, 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):Nine months ended July 31,Three months ended July 31,2025202420252024Numerator:Net income attributable to HEICO$502,089 $374,421 $177,341 $136,577 Denominator:Weighted average common shares outstanding - basic138,993 138,389 139,135 138,516 Effect of dilutive stock options1,685 1,697 1,815 1,789 Weighted average common shares outstanding - diluted140,678 140,086 140,950 140,305 Net income per share attributable to HEICO shareholders:Basic$3.61 $2.71 $1.27 $.99 Diluted$3.57 $2.67 $1.26 $.97 Anti-dilutive stock options excluded506 925 726 345 

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10.    OPERATING SEGMENTS

Information on the Company’s two operating segments, the FSG and the ETG, for the nine and three months ended July 31, 2025 and 2024, respectively, is as follows (in thousands):Other, Primarily Corporate and Intersegment (1)Consolidated TotalsSegmentFSGETGNine months ended July 31, 2025:Net sales$2,282,905 $1,028,345 ($35,617)$3,275,633 Depreciation20,283 18,586 1,496 40,365 Amortization62,579 40,748 1,177 104,504 Operating income549,422 235,334 (44,780)739,976 Capital expenditures26,238 19,731 69 46,038