Company: HEI-A
Filing Date: 2025-02-28
Form Type: 10-Q
Source: 0000046619-25-000015
Chunk: 34

Company: HEICO CORP
Filing Date: 2025-02-28
Form: 10-Q
Item: Item 8
Chunk 34
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igationsBacklog, which the Company believes to be the equivalent of its remaining performance obligations, represents contractually committed, or firm customer orders.  As of January 31, 2025, the Company had $1,945.3 million of remaining performance obligations associated with firm contracts pertaining to many of the products offered by the FSG and ETG.  The Company will recognize net sales as these obligations are satisfied.  The Company expects to recognize $1,076.1 million of this amount during the remainder of fiscal 2025 and $869.2 million thereafter, of which a little more than half is expected to occur in fiscal 2026.    

15

Disaggregation of Revenue    The following table summarizes the Company’s net sales by product line for each operating segment (in thousands): Three months ended January 31,20252024Flight Support Group:Aftermarket replacement parts (1) $456,028 $395,154 Repair and overhaul parts and services (2)155,449 135,582 Specialty products (3)101,697 87,980 Total net sales713,174 618,716 Electronic Technologies Group:Electronic component parts primarily for defense, space and aerospace equipment (4)263,622 220,646 Electronic component parts for equipment in various other industries (5)66,693 65,296 Total net sales330,315 285,942 Intersegment sales(13,267)(8,295)Total consolidated net sales$1,030,222 $896,363 (1)    Includes various jet engine and aircraft component replacement parts.(2)    Includes primarily the sale of parts consumed in various repair and overhaul services on selected jet engine and aircraft components, avionics, instruments, composites and flight surfaces of commercial and military aircraft.(3)    Includes primarily the sale of specialty components such as thermal insulation blankets, renewable/reusable insulation systems, advanced niche components, complex composite assemblies, expanded foil mesh as well as machining, brazing, fabricating and welding services generally to original equipment manufacturers, and emergency descent devices and personnel and cargo parachute products.(4)    Includes various component parts such as electro-optical infrared simulation and test equipment, electro-optical laser products, electro-optical, microwave and other power equipment, high-speed interface products, power conversion products, power distribution solutions, underwater locator beacons, emergency locator transmission beacons, traveling wave tube amplifiers