Articles from HEICO Corporation

Electronic Technologies Group has agreed to acquire leading electronic component maker Exxelia

CLEVELAND, OH and MIAMI, FL / ACCESSWIRE / July 19, 2022 / HEICO Corporation (NYSE:HEI.A and HEI) today announced its Flight Support Group has acquired 96% of Accurate Metal Machining, Inc. ("Accurate") for cash at closing, plus potential additional cash consideration to be paid if certain post-closing earnings levels are attained. Additional financial details were not disclosed.

HOLLYWOOD, FL and MIAMI, FL / ACCESSWIRE / June 20, 2022 / HEICO Corporation (NYSE:HEI.A)(NYSEHEI) announced today that its Board of Directors approved a semi-annual cash dividend of $.09 per share, payable on both classes of its common stock. The cash dividend is payable on July 15, 2022 to shareholders of record as of July 1, 2022. This cash dividend represents HEICO's 88th consecutive semi-annual cash dividend since 1979.

2nd Quarter of Fiscal 2022 Net Income up 20% on Record Operating Income, which Increased 27%, and Net Sales, which Increased 15%

HOLLYWOOD and MIAMI, FL / ACCESSWIRE / May 11, 2022 / On May 23, 2022, after the NYSE closing, HEICO Corporation (NYSE:HEI.A) (NYSEHEI) will release its financial results for the second quarter ended April 30, 2022. The earnings release will be available through the Internet on the Company's website at http://www.heico.com. In order to assist interested parties in scheduling their participation in HEICO teleconferences, the Company issues

Flight Support Group Acquires Leading Specialty Defense Spares Distributor FARMINGDALE, NY and MIAMI, FL / ACCESSWIRE / March 18, 2022 / HEICO Corporation (NYSE:HEI.A and HEI) today announced that its Flight Support Group completed the acquisition of Pioneer Industries. On February 10, 2022, HEICO announced that it entered into an agreement, subject to regulatory approval which was subsequently received, to acquire Pioneer. The Purchase was

Lucix Corporation Purchases Flight Microwave Corporation CAMARILLO, CA and MIAMI, FL / ACCESSWIRE / March 14, 2022 / HEICO Corporation (NYSE:HEI.A)(NYSEHEI) today announced that its Lucix subsidiary acquired 100% of the stock of Flight Microwave Corporation ("Flight Microwave") in an all cash transaction. Further financial terms and details were not disclosed. HEICO stated that it expects the acquisition to be accretive to its earnings in the

1st Quarter of Fiscal 2022 Net Income up 23% on Operating Income Increase of 23% and Net Sales Increase of 17% HOLLYWOOD, FL and MIAMI, FL / ACCESSWIRE / February 23, 2022 / HEICO CORPORATION (NYSE:HEI.A)(NYSEHEI) today reported an increase in net income of 23% to $86.9 million, or $.63 per diluted share, in the first quarter of fiscal 2022, up from $70.6 million, or $.51 per diluted share, in the first quarter of fiscal 2021. While net

Flight Support Group to Acquire Pioneer Industries FARMINGDALE, NY and MIAMI, FL / ACCESSWIRE / February 10, 2022 / HEICO Corporation (NYSE:HEI.A)(NYSEHEI) today announced its Flight Support Group entered into an agreement to acquire 74% of Pioneer Industries, LLC for cash at closing, plus potential additional cash consideration to be paid if certain post-closing earnings levels are attained. Additional financial details were not

HOLLYWOOD and MIAMI, FL / ACCESSWIRE / February 8, 2022 / On February 23, 2022 after the NYSE closing, HEICO Corporation (NYSE:HEI.A)(NYSEHEI) will release its financial results for the first quarter ended January 31, 2022. The earnings release will be available through the Internet on the Company's website at http://www.heico.com. In order to assist interested parties in scheduling their participation in HEICO teleconferences, the Company

Sierra Microwave Provides Flight Critical Items GEORGETOWN, TX and MIAMI, FL / ACCESSWIRE / January 11, 2022 / HEICO Corporation today announced that its Sierra Microwave Technology ("Sierra Microwave") subsidiary designed and manufactured flight-critical components in the James Webb Space Telescope (the "JWST"). Sierra is part of HEICO's Electronic Technologies Group. Georgetown, TX-based Sierra Microwave's components in the JWST are used in

MIAMI, FL and HOLLYWOOD, FL / ACCESSWIRE / January 4, 2022 / HEICO Corporation (NYSE:HEI.A and HEI) announced today that its Annual Shareholders' Meeting will be held on Friday, March 18, 2022. Shareholders of record at the close of business on January 21, 2022 will be entitled to vote at the meeting. (Note: HEICO has two classes of common stock traded on the NYSE. Both classes, the Class A Common Stock (HEI.A) and the Common Stock (HEI), are

HOLLYWOOD, FL and MIAMI, FL / ACCESSWIRE / December 20, 2021 / HEICO Corporation (NYSE:HEI.A)(NYSEHEI) announced today that its Board of Directors approved a semi-annual cash dividend of $.09 per share, payable on both classes of its common stock. The cash dividend is payable on January 20, 2022 to shareholders of record as of January 6, 2022. This cash dividend represents HEICO's 87th consecutive semi-annual cash dividend since 1979. (NOTE:

4th Quarter of Fiscal 2021 Net Income up 38% on Operating Income Increase of 29% and Net Sales Increase of 20% HOLLYWOOD, FL and MIAMI, FL / ACCESSWIRE / December 15, 2021 / HEICO CORPORATION (NYSE:HEI.A)(NYSEHEI) today reported an increase in net income of 38% to $86.1 million, or $.62 per diluted share, in the fourth quarter of fiscal 2021, up from $62.3 million, or $.45 per diluted share, in the fourth quarter of fiscal 2020. Net income was

HOLLYWOOD, FL and MIAMI, FL / ACCESSWIRE / December 1, 2021 / On December 15, 2021, after the NYSE closing, HEICO Corporation (NYSEHEI) (NYSE:HEI.A) will release its financial results for the fourth quarter ended October 31, 2021. The earnings release will be available through the Internet on the Company's website at http://www.heico.com. In order to assist interested parties in scheduling their participation in HEICO teleconferences, the

Acquires RF and Microwave Specialist Paciwave in 6th Acquisition this Year SUNNYVALE, CA and MIAMI, FL / ACCESSWIRE / October 4, 2021 / HEICO Corporation (NYSE:HEI.A and HEI) today announced that its dB Control subsidiary acquired 100% of Paciwave, Inc. for cash paid at closing. No further transaction or financial details were disclosed. dB Control is part of HEICO's Electronic Technologies Group. HEICO stated that it expects the acquisition to

Electronic Technologies Group Buys 80.1% of RH Laboratories NASHUA, NH and MIAMI, FL / ACCESSWIRE / September 29, 2021 / HEICO Corporation (NYSE:HEI.A)(NYSEHEI) today announced that its Electronic Technologies Group acquired 80.1% of the stock of RH Laboratories, Inc. ("RH") for cash paid at closing. RH's founders will continue to own the balance of the company. Further terms and financial details were not disclosed. HEICO stated that it

3rd Quarter of Fiscal 2021 Net Income up 42% on Operating Income Increase of 47% and Net Sales Increase of 22% HOLLYWOOD, FL and MIAMI, FL / ACCESSWIRE / August 24, 2021 / HEICO CORPORATION (NYSE:HEI.A)(NYSEHEI) today reported an increase in net income of 42% to $76.9 million, or $.56 per diluted share, in the third quarter of fiscal 2021, up from $54.3 million, or $.40 per diluted share, in the third quarter of fiscal 2020. Net income was

HOLLYWOOD, FL and MIAMI, FL / ACCESSWIRE / August 10, 2021 / On August 24, 2021, after the NYSE closing, HEICO Corporation (NYSEHEI) (NYSE:HEI.A) will release its financial results for the third quarter ended July 31, 2021. The earnings release will be available through the Internet on the Company's website at http://www.heico.com. In order to assist interested parties in scheduling their participation in HEICO teleconferences, the Company

Flight Support Group Acquires Two Advanced Aerospace and Defense Manufacturers HOLLYWOOD, FL and HAMPSTEAD, MD / ACCESSWIRE / August 4, 2021 / HEICO Corporation (NYSE:HEI.A and HEI) today announced that its Flight Support Group completed the acquisition of Ridge Engineering, Inc. ("Ridge") and The Bechdon Company, Inc. ("Bechdon") (together, the "Companies"). On July 6, 2021, HEICO announced it had entered into an agreement, subject to

Flight Support Group to Acquire Ridge Engineering, Inc. and The Bechdon Company, Inc. HOLLYWOOD, FL and HAMPSTEAD, MD / ACCESSWIRE / July 6, 2021 / HEICO Corporation (NYSE:HEI.A and HEI) today announced that its Flight Support Group entered into a purchase agreement to acquire 89% of Ridge Engineering, Inc. ("Ridge") and The Bechdon Company, Inc. ("Bechdon") (together, the “Companies”) for cash at closing, plus potential additional

Flight Support Group acquires Camtronics MRO. HOLLYWOOD, FL and TULSA, OK / ACCESSWIRE / June 24, 2021 / HEICO Corporation (NYSE:HEI.A and HEI) announced today that its Flight Support Group has acquired 80.1% of the operating assets of Camtronics LLC ("Camtronics") for cash at closing. Additional financial details were not disclosed. HEICO expects the acquisition to be accretive to its earnings within the first year following closing. Including

HEICO Corporation (NYSE:HEI.A) (NYSEHEI) announced today that its Board of Directors approved a 12.5% increase in the semi-annual cash dividend to $.09 per share from $.08 per share, payable on both classes of its common stock. The cash dividend is payable on July 15, 2021 to shareholders of record as of July 1, 2021. This cash dividend represents HEICO’s 86th consecutive semi-annual cash dividend since 1979.

HEICO Corporation (NYSE: HEI.A) (NYSEHEI) today reported net income of $141.3 million, or $1.03 per diluted share, in the first six months of fiscal 2021, as compared to $197.3 million, or $1.44 per diluted share, in the first six months of fiscal 2020. Net income in the second quarter of fiscal 2021 was $70.7 million, or $.51 per diluted share, as compared to $75.5 million, or 55 cents per diluted share, in the second quarter of fiscal 2020.

On May 25, 2021, after the NYSE closing, HEICO Corporation (NYSE: HEI.A) (NYSEHEI) will release its financial results for the second quarter ended April 30, 2021. The earnings release will be available through the Internet on the Company’s website at http://www.heico.com.