HEICO Corporation

VPT Announces the FLX Series, a Highly Scalable DC-DC Converter Power Solution for Mission-Critical Applications

VPT, Inc., a HEICO company within the HEICO Electronic Technologies Group, launched the FLX Series, a configurable DC-DC converter power solution for mission-critical military, avionics, and space applications. The series delivers 1 W to 5,000 W of output power at efficiencies up to 90%, supports 28 V, 50 V, and 270 V bus voltages, and operates continuously from -55°C to +110°C with no power derating; radiation capabilities range from radiation tolerant to radiation hardened. The product is available now and is designed to consolidate multiple converter modules into a single qualified assembly, cutting integration time and design risk for customers such as NASA, Lockheed Martin, and Boeing. For HEICO this is an incremental product-line extension rather than a material financial event.

•1mo ago

VPT's VXR and VPT Series DC-DC Converters, EMI Filters, and Accessories Now Available on DigiKey

VPT, a HEICO company, announced that its VXR and VPT Series DC-DC converters and accessories are now available on DigiKey for U.S. customers. This partnership adds DigiKey as an authorized distributor, offering a new procurement path for organizations sourcing high-reliability power conversion solutions. The available inventory includes the VXR125-27000S converter and the V-SHIELD packaged series, designed for harsh military and avionics environments.

•1mo ago

HEICO Corporation Reports Record Net Income (Up 33%) on Record Operating Income (Up 34%) and Record Net Sales (Up 23%) for the Third Quarter of Fiscal 2026

HEICO reported record fiscal third-quarter results with net income rising 33% to $235.4 million and net sales increasing 23% to $1.41 billion. Consolidated organic net sales growth reached 14%, driving an expansion of the operating margin to 25.1% from 23.1% in the prior-year quarter, supported by contributions from recent acquisitions. The company completed a $1.2 billion dual-tranche senior notes offering to repay its revolving credit facility and expects continued demand across both its Flight Support and Electronic Technologies groups for the remainder of the fiscal year.

•2mo ago

HEICO Corporation Closes $1.2 Billion Senior Notes Offering

HEICO closed a $1.2 billion senior notes offering, issuing $550 million of 4.950% notes due 2031 and $650 million of 5.400% notes due 2036. Proceeds from the offering will be used to pay down outstanding borrowings under its $2.2 billion revolving credit agreement, preserving capital structure flexibility. Management highlighted the investment-grade ratings on the notes, noting that the issuance provides an efficient way to fund ongoing acquisition activity and extends the company's borrowing maturity schedule.

•3mo ago

HEI: 8-K · material agreement

HEICO Corporation entered into a Fourth Amendment to its Revolving Credit Agreement, increasing the facility's total capacity from $2.0 billion to $2.2 billion. The amendment also extends the maturity date of the Credit Agreement to June 11, 2031, providing the company with extended liquidity access. The agreement modifies the applicable interest rate to be calculated based on the Company’s most recently published ratings for senior unsecured, non-credit enhanced, long-term indebtedness. Additionally, the amendment releases all subsidiaries that had guaranteed obligations prior to June 11, 2026, from their guarantee obligations under the Credit Facility. As a result of the Credit Facility Release, each released subsidiary was also automatically released from its guarantee of the Company’s obligations under its outstanding 5.250% Notes due 2028 and 5.350% Notes due 2031.

SEC 8-K•4mo ago

HEICO Corporation Increases Cash Dividend By 8%

HEICO Corporation declared a new semiannual cash dividend of $0.13 per share, an 8% increase from the previous $0.12. This marks the company's 96th consecutive semiannual dividend since 1979, payable on July 15, 2026 to shareholders of record on July 1. Co-CEOs Eric and Victor Mendelson cited strong financial results and team dedication as drivers for the continued success and dividend growth.

•4mo ago

HEICO Corporation Increases Credit Facility to $2.2 Billion

HEICO Corporation increased its unsecured revolving credit facility by $200 million to a total of $2.2 billion, with a maturity extension to 2031. The facility includes an accordion feature allowing expansion to $3 billion and carries interest at SOFR plus 75-125 basis points, reflecting the company's investment-grade rating. Management stated the expanded facility provides financial flexibility to fund acquisitions, supporting HEICO's disciplined strategy of completing over 110 acquisitions since 1996.

•4mo ago

HEICO Corporation's Exxelia Acquires Leading High-Voltage Ceramic Capacitor Company

HEICO Corporation’s Exxelia subsidiary acquired 90% of CalRamic Technologies, a Reno-based manufacturer of high-voltage ceramic capacitors for aerospace and defense applications. The deal adds a strategic U.S. manufacturing platform to Exxelia’s portfolio and is expected to be accretive to HEICO’s earnings within one year of closing. CalRamic will continue to operate under founder Jeff Day’s leadership with its team of over 40 professionals intact, marking HEICO’s fifth acquisition in the current fiscal year.

•4mo ago

HEICO Corporation Acquires Key Supplier of Armored Vehicle Track Systems

HEICO Corporation’s Flight Support Group has acquired Cook Defence Systems to form HEICO-Cook Defence (HCD), a joint venture in which HEICO holds an 80% stake. Cook Defence is a specialist designer and manufacturer of track systems for armored fighting vehicles, serving NATO and allied nations with both new production and aftermarket replacement demand. Management expects the acquisition to be accretive to earnings within the year following closing, citing Cook’s proprietary technology and strong relationships with global defense OEMs.

•4mo ago

HEI: 10-Q · periodic report

HEICO Corporation reported record second-quarter fiscal 2026 results, with net sales rising 25% year-over-year to $1.38 billion and net income attributable to HEICO jumping 49% to $233.8 million. The strong performance was driven by robust organic growth of 19% in the Flight Support Group and 17% in the Electronic Technologies Group, reflecting increased demand for aftermarket parts, repair services, and defense electronics. Operating margins expanded significantly, with consolidated operating income reaching $350.4 million, or 25.5% of sales, up from 22.6% in the prior-year quarter. This improvement was fueled by favorable product mix shifts and SG&A expense efficiencies, demonstrating the company's ability to scale profitably alongside top-line growth. The company continued its aggressive acquisition strategy, completing four deals in the quarter totaling approximately $860 million in consideration, including Rockmart Fuel Containment, EthosEnergy, Sherwood Avionics, and Southwest Antennas. These acquisitions were funded through a combination of cash from the revolving credit facility and the issuance of Class A common stock, further expanding HEICO's capabilities in defense and aerospace MRO.

SEC 10-Q•4mo ago

HEICO Corporation Reports Record Net Income (Up 49%) On Record Operating Income (Up 41%) and Record Net Sales (Up 25%) for the Second Quarter of Fiscal 2026

HEICO reported record Q2 fiscal 2026 results, with net income surging 49% to $233.8 million and net sales rising 25% to $1.38 billion. Organic net sales growth exceeded 18%, driven by strong demand across both the Flight Support Group and Electronic Technologies Group, with operating margins expanding to 25.5%. The company highlighted successful acquisitions and strong cash flow generation, maintaining an opportunistic capital allocation strategy focused on balancing organic growth with accretive M&A.

•4mo ago