HEICO Corporation
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Eric A. Mendelson
- Full Time Employees
- 11,100
- Sector
- Industrials
- Industry
- Aerospace & Defense
- Address
- 3000 Taft Street Hollywood FL United States of America 33021
- IPO Date
- Apr 27, 1998
- CIK
- 0000046619
- Website
- heico.com
- Similar Companies
- Business
- HEICO Corporation (NYSE: HEI, HEI.A) designs, manufactures, and sells aerospace, industrial, defense, and electronics products and services worldwide. Founded in 1957 and headquartered in Hollywood, Florida, the company operates through two primary segments: the Flight Support Group (FSG), which provides high-quality aftermarket parts supply, proprietary Designated Engineering Representative (DER) repairs and overhauls, FAA Parts Manufacturer Approval (PMA) components, specialty product manufacturing, and distribution of aircraft parts for commercial, regional, business, and military aircraft; and the Electronic Technologies Group (ETG), which develops and produces high-reliability subcomponents and subsystems including hybrid DC-to-DC converters, microwave latching ferrite switches, high voltage cable assemblies and connectors, infrared cameras, laser rangefinder receivers, memory modules, digital recorders, harsh environment connectors, power supplies, amplifiers, shielding, and electro-optical devices for aerospace, defense, space, telecommunications, medical, and industrial applications. FSG serves major airlines, original equipment manufacturers (OEMs), MRO providers, and the U.S. military through its Parts Group (nearly 19,000 FAA approvals and over 500 new parts annually), Repair Group (over 32,000 components across hydraulic, electro-mechanical, pneumatic, avionic, electronic, power generation, and structural systems with 700+ annual FAA-DER repairs), and Distribution Group (global network spanning the Americas, Europe, Middle East, Asia, and Australia); ETG targets niche mission-critical needs in avionics, defense systems, and space applications including components used on missions to Mars, Pluto, and Comet 67P. In recent developments, HEICO has pursued aggressive expansion through strategic acquisitions, including Gables Engineering in July 2025 to enhance ETG avionics capabilities, Rosen Aviation in April 2025 via its Mid Continent Controls subsidiary to bolster aircraft interior display and in-flight entertainment solutions, a 90% stake in Millennium International in February 2025 to strengthen business jet avionics repair services within FSG, and an agreement announced November 10, 2025, to acquire Axillon Aerospace's Fuel Containment Business for its ETG; these mark the company's fourth acquisition in six months as of mid-2025, driving synergies in aftermarket services, geographic proximity for integration, and expected earnings accretion. The company also upsized its senior secured credit facility to $950 million in November 2024 and issued $750 million in 4.00% Senior Notes due 2032 to support growth initiatives, while increasing its semiannual cash dividend by 9% to $0.12 per share in June 2025; additionally, effective May 1, 2025, Laurans A. Mendelson transitioned to Executive Chairman with Eric A. Mendelson and Victor H. Mendelson assuming Co-Chief Executive Officer roles under a succession plan. HEICO targets commercial aviation aftermarket, defense contractors, military agencies, and OEMs across global markets, maintaining operations in the United States and internationally with a focus on cost-saving innovations and over 77 consecutive years of cash dividends since 1979.
Company News
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HEICO Corporation (HEI) Q3 2026 Earnings Call Transcript
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HEICO Corporation (HEI) Q2 2026 Earnings Call Transcript
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