HEICO Reports Record Q3 Earnings with Strong Sales Growth
HEICO (HEI) delivered strong third-quarter fiscal year 2026 earnings, reporting net sales of $1.4 billion—a 23% increase driven by organic growth and recent acquisitions. Net income rose to a record $235.4 million, up 33%, while operating income grew 34%. Non-GAAP diluted EPS reached $1.67, reflecting significant year-over-year improvement. Both HEICO's Flight Support Group (FSG) and Electronic Technologies Group (ETG) outperformed expectations with robust sales growth of 18% and 36%, respectively. FSG saw improved operating margins due to favorable product mix, while ETG benefited from higher aerospace sales and cost efficiencies. The company also reported strong cash flow generation, with $345 million in operating cash flows—nearly double its net income. HEICO's financial strength is further supported by a reduced net debt-to-EBITDA ratio of 1.57x and the successful issuance of senior unsecured notes to repay revolving credit borrowings.
Tickers: $HEI
Topics: cash_flow financial_results operating_income sales_growth