Company: HEI-A
Filing Date: 2025-01-31
Form Type: DEF 14A
Source: 0001140361-25-002543
Chunk: 64

Company: HEICO CORP
Filing Date: 2025-01-31
Form: DEF 14A
Chunk 64
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2024 |     |     2023 |
|:----------------------------------------------------------|:----|------------------------------:|:----|---------:|
| Net income attributable to HEICO                          |     |                      $514,109 |     | $403,596 |
| Plus: Depreciation and amortization                       |     |                       175,331 |     |  130,043 |
| Plus: Net income attributable to noncontrolling interests |     |                        44,977 |     |   40,787 |
| Plus: Interest expense                                    |     |                       149,313 |     |   72,984 |
| Plus: Income tax expense                                  |     |                       118,500 |     |  110,900 |
| EBITDA                                                    |     |                    $1,002,230 |     | $758,310 |

Non-GAAP Financial Measure To provide additional information about the Company’s results, HEICO has discussed in this proxy statement its EBITDA (calculated as net income attributable to HEICO adjusted for depreciation and amortization expense, net income attributable to noncontrolling interests, interest expense and income tax expense) which is not prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). This non-GAAP measure is included to supplement the Company’s financial information presented in accordance with GAAP and because the Company uses such measure to monitor and evaluate the performance of its business and believes the presentation of this measure enhances an investor's ability to analyze trends in the Company’s business and to evaluate the Company’s performance relative to other companies in its industry. However, this non-GAAP measure has limitations and should not be considered in isolation or as a substitute for analysis of the Company's financial results as reported under GAAP. This non-GAAP measure is not in accordance with, or an alternative to, measures prepared in accordance with GAAP and may be different from non-GAAP measures used by other companies. In addition, this non-GAAP measure is not based on any comprehensive set of accounting rules or principles. This measure should only be used to evaluate the Company's results of operations in conjunction with their corresponding GAAP measures. Pursuant to the requirements of Regulation G of the Securities and Exchange Act of 1934, the Company has provided a reconciliation of this non-GAAP measure above.

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TABLE OF CONTENTS

TABLE OF CONTENTS

HEICO CORPORATION ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON MARCH