HEICO reported record third quarter fiscal 2026 results, surpassing consensus estimates for both revenue and earnings. Performance was anchored by 14% consolidated organic net sales growth and record profitability in both operating segments, leading to a 33% increase in net income to $235.4 million.
Key Highlights
- Consolidated operating margin expanded to 25.1%, up from 23.1% year-over-year, driven by favorable product mix and SG&A efficiencies.
- Electronic Technologies Group revenue surged 36% to a record $483.5 million, supported by 18% organic growth and increased demand for aerospace products.
- Flight Support Group achieved record operating income of $245.3 million on 12% organic net sales growth as airlines expanded aftermarket parts procurement.
- Quarterly cash flow provided by operating activities increased 49% to $345.3 million, supporting a net debt to EBITDA ratio of 1.57x.