Company: HEI-A
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0000046619-25-000062
Chunk: 43

Company: HEICO CORP
Filing Date: 2025-08-27
Form: 10-Q
Item: Item 8
Chunk 43
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, 2025 that was included in contract liabilities as of the beginning of fiscal 2025 was $58.7 million and $12.7 million, respectively.    Remaining Performance ObligationsBacklog, which the Company believes to be the equivalent of its remaining performance obligations, represents contractually committed or firm customer orders.  As of July 31, 2025, the Company had $2,064.3 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 $625.5 million of this amount during the remainder of fiscal 2025 and $1,438.8 million thereafter, of which more than half is expected to occur in fiscal 2026.

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Disaggregation of Revenue    The following table summarizes the Company’s net sales by product line for each operating segment (in thousands):Nine months ended July 31,Three months ended July 31,2025202420252024Flight Support Group:Aftermarket replacement parts (1) $1,412,286 $1,231,578 $486,296 $432,699 Repair and overhaul parts and services (2)543,366 433,658 201,261 149,895 Specialty products (3)327,253 282,338 115,104 99,032 Total net sales2,282,905 1,947,574 802,661 681,626 Electronic Technologies Group:Electronic component parts primarily for defense, space and aerospace equipment (4)830,393 732,378 290,680 257,974 Electronic component parts for equipment in various other industries (5)197,952 195,015 65,183 64,155 Total net sales1,028,345 927,393 355,863 322,129 Intersegment sales(35,617)(30,963)(10,933)(11,509)Total consolidated net sales$3,275,633 $2,844,004 $1,147,591 $992,246 (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