Track market-moving stories before they get noisy

Posted by Defense World Staff on Jul 21st, 2026

Amova Asset Management Americas Inc. grew its stake in Heico Corporation (NYSE:HEI – Free Report) by 80.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,049 shares of the aerospace company’s stock after acquiring an additional 12,085 shares during the quarter. Amova Asset Management Americas Inc.’s holdings in Heico were worth $7,415,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HEI. Acadian Asset Management LLC boosted its position in Heico by 216.7% during the first quarter. Acadian Asset Management LLC now owns 1,381 shares of the aerospace company’s stock worth $368,000 after acquiring an additional 945 shares during the last quarter. Worldquant Millennium Advisors LLC acquired a new position in Heico in the 2nd quarter valued at $2,338,000. PDT Partners LLC lifted its stake in shares of Heico by 52.6% during the 2nd quarter. PDT Partners LLC now owns 39,019 shares of the aerospace company’s stock worth $12,798,000 after purchasing an additional 13,443 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Heico by 10.8% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,794 shares of the aerospace company’s stock worth $1,572,000 after purchasing an additional 468 shares during the period. Finally, IHT Wealth Management LLC boosted its holdings in shares of Heico by 2.1% during the second quarter. IHT Wealth Management LLC now owns 5,717 shares of the aerospace company’s stock worth $1,875,000 after purchasing an additional 117 shares during the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Heico Stock Performance Shares of HEI stock opened at $341.07 on Tuesday. The company’s fifty day simple moving average is $331.59 and its 200-day simple moving average is $317.81. The company has a current ratio of 2.92, a quick ratio of 1.36 and a debt-to-equity ratio of 0.53. Heico Corporation has a 52 week low of $256.11 and a 52 week high of $369.48. The company has a market cap of $47.63 billion, a PE ratio of 60.90, a P/E/G ratio of 3.55 and a beta of 1.03.

Heico (NYSE:HEI – Get Free Report) last released its quarterly earnings data on Wednesday, May 27th. The aerospace company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.33 by $0.33. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.25 billion. Heico had a return on equity of 17.52% and a net margin of 16.08%.The firm’s revenue was up 25.3% compared to the same quarter last year. During the same period last year, the company posted $1.12 earnings per share. As a group, equities research analysts anticipate that Heico Corporation will post 5.95 EPS for the current year.

Heico Announces Dividend The business also recently declared a dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a dividend yield of 7.0%. Heico’s dividend payout ratio (DPR) is presently 4.64%.

Insider Buying and Selling In related news, CAO Bradley K. Rowen sold 1,326 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $241.63, for a total value of $320,401.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 4.86% of the company’s stock.

Wall Street Analyst Weigh In Several equities analysts recently commented on the company. UBS Group reiterated a “neutral” rating and issued a $390.00 target price (up from $371.00) on shares of Heico in a research note on Monday, June 1st. Morgan Stanley set a $370.00 price target on Heico in a report on Wednesday, July 15th. Wells Fargo & Company set a $350.00 price objective on shares of Heico and gave the company an “equal weight” rating in a research note on Monday, June 1st. Truist Financial raised shares of Heico to a “strong-buy” rating in a research report on Friday, May 1st. Finally, Royal Bank Of Canada boosted their target price on shares of Heico from $375.00 to $390.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Heico currently has an average rating of “Moderate Buy” and a consensus price target of $374.56.

Check Out Our Latest Stock Analysis on HEI

Heico Profile (Free Report)

HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company’s offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.

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Hawaiian Electric Company, Inc. (Hawaiian Electric), a subsidiary of Hawaiian Electric Industries, Inc. (HEI) (NYSE - HE), today submitted its Integrated Grid

MIAMI, FL AND HOLLYWOOD, FL / ACCESS Newswire / July 16, 2026 / HEICO Corporation (NYSE:HEI.A, HEI) today announced that it closed an offering of $550 million in aggregate principal amount of 4.950% Senior Notes due 2031 (the "2031 Notes") and $650 million in aggregate principal amount of 5.400% Senior Notes due 2036 (the "2036 Notes", and together with the 2031 Notes, the "Notes").

HEICO will use the net proceeds from the sale of the Notes to pay down outstanding borrowings under its $2.2 billion revolving credit agreement, leaving the Company with substantial ability and flexibility to fund future potential acquisitions.

Eric A. Mendelson and Victor H. Mendelson, HEICO's Co-Chairmen and Co-Chief Executive Officers, stated, "HEICO's strong operating performance and solid balance sheet earned investment grade ratings on our existing notes issued in 2023 and the Notes issued today. Building on our inaugural issuance in 2023, this second offering gives us an efficient way to fund ongoing acquisition activity."

Carlos L. Macau Jr., HEICO's Chief Financial Officer and Executive Vice President, added, "This offering expands HEICO's capital sources and gives HEICO greater flexibility to pursue continued growth. Further, our well-staggered borrowing maturity schedule provides excellent planning and financial safety for the Company."

Truist Securities, BofA Securities, PNC Capital Markets LLC, Wells Fargo Securities, Credit Agricole CIB and TD Securities served as joint book-running managers for the offering, with Co-Managers including Huntington Securities, J.P. Morgan, M&T Securities and RBC Capital Markets. Akerman LLP served as legal counsel to HEICO. King & Spalding LLP served as legal counsel to the joint book-running managers.

About HEICO

HEICO Corporation is engaged primarily in the design, production, servicing and distribution of products and services to certain niche segments of the aviation, defense, space, medical, telecommunications and electronics industries through its Hollywood, Florida-based Flight Support Group and its Miami, Florida-based Electronic Technologies Group. HEICO's customers include a majority of the world's airlines and overhaul shops, as well as numerous defense and space contractors and military agencies worldwide, in addition to medical, telecommunications and electronics equipment manufacturers. For more information about HEICO, please visit our website at https://www.heico.com.

No Offer or Solicitation

This communication shall not constitute an offer to sell or the solicitation of an offer to sell or an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Forward-Looking Statements

Certain statements in this press release constitute forward-looking statements, which are subject to risks, uncertainties and contingencies. HEICO's actual results may differ materially from those expressed in or implied by those forward-looking statements. Factors that could cause such differences include, among others: the severity, magnitude and duration of public health threats; our liquidity and the amount and timing of cash generation; lower commercial air travel, airline fleet changes or airline purchasing decisions, which could cause lower demand for our goods and services; product specification costs and requirements, which could cause an increase in our costs to complete contracts; governmental and regulatory demands, export policies and restrictions, reductions in defense, space or homeland security spending by U.S. and/or foreign customers or competition from existing and new competitors, which could reduce our sales; our ability to introduce new products and services at profitable pricing levels, which could reduce our sales or sales growth; product development or manufacturing difficulties, which could increase our product development and manufacturing costs and delay sales; cybersecurity events or other disruptions of our information technology systems could adversely affect our business; and our ability to make acquisitions, including obtaining any applicable domestic and/or foreign governmental approvals, and achieve operating synergies from acquired businesses; customer credit risk; interest, foreign currency exchange and income tax rates; and economic conditions, including the effects of inflation, within and outside of the aviation, defense, space, medical, telecommunications and electronics industries, which could negatively impact our costs and revenues. Parties receiving this material are encouraged to review all of HEICO's filings with the Securities and Exchange Commission including, but not limited to filings on Form 10-K, Form 10-Q and Form 8-K. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

Contact:
Victor H. Mendelson (305) 374-1745
Carlos L. Macau, Jr. (954) 744-7570

SOURCE: HEICO Corporation

Heico Corporation (HEI - Free Report) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, HEI's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross."

Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts.

Golden crosses have three key stages that investors look out for. It starts with a downtrend in a stock's price that eventually bottoms out, followed by the stock's shorter moving average crossing over its longer moving average and triggering a trend reversal. The final stage is when a stock continues the upward climb to higher prices.

A golden cross contrasts with a death cross, another widely-followed chart pattern that suggests bearish momentum could be on the horizon.

HEI could be on the verge of a breakout after moving 9.3% higher over the last four weeks. Plus, the company is currently a #1 (Strong Buy) on the Zacks Rank.

The bullish case solidifies once investors consider HEI's positive earnings outlook. For the current quarter, no earnings estimate has been cut compared to 5 revisions higher in the past 60 days. The Zacks Consensus Estimate has increased too.

Investors should think about putting HEIon their watchlist given the ultra-important technical indicator and positive move in earnings estimates.

From a technical perspective, Heico Corporation (HEI - Free Report) is looking like an interesting pick, as it just reached a key level of support. HEI recently overtook the 20-day moving average, and this suggests a short-term bullish trend.

The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock's price over a shorter period and helps smooth out price fluctuations. The 20-day can also show more trend reversal signals than longer-term moving averages.

Like other SMAs, if a stock's price is moving above the 20-day, the trend is considered positive. When the price falls below the moving average, it can signal a downward trend.

HEI could be on the verge of another rally after moving 8.2% higher over the last four weeks. Plus, the company is currently a Zacks Rank #1 (Strong Buy) stock.

The bullish case only gets stronger once investors take into account HEI's positive earnings estimate revisions. There have been 5 revisions higher for the current fiscal year compared to none lower, and the consensus estimate has moved up as well.

With a winning combination of earnings estimate revisions and hitting a key technical level, investors should keep their eye on HEI for more gains in the near future.

I maintain a buy rating on HEICO Corporation as fundamentals strengthen, despite a premium valuation. FSG segment delivers 21% sales growth and margin expansion, driven by resilient global aviation aftermarket demand. ETG segment accelerates with 34% sales growth and margin gains, supported by robust aerospace and defense end markets.

MIAMI, FL AND HOLLYWOOD, FL / ACCESS Newswire / June 15, 2026 / HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) today announced that its Board of Directors declared a $.13 per share semiannual cash dividend, an 8% increase from the prior semiannual cash dividend of $.12 per share, payable on all shares of its Common Stock and Class A Common Stock.

The dividend marks HEICO's 96th consecutive semiannual cash dividend since 1979.

The dividend is payable on July 15, 2026 to all shareholders of record on July 1, 2026.

Eric A. Mendelson and Victor H. Mendelson, HEICO's Co-Chairmen and Co-Chief Executive Officers, commented, "HEICO's future is exciting and we are proud of our financial results. As a result, our Board of Directors declared this 96th consecutive semiannual dividend. Our continued success is a direct result of our talented and dedicated HEICO Team Members around the world, and we are pleased that those participating in the Company's 401K plan will share in that success through this dividend in their plan accounts."

HEICO Corporation is engaged primarily in the design, production, servicing and distribution of products and services to certain niche segments of the aviation, defense, space, medical, telecommunications and electronics industries through its Hollywood, Florida-based Flight Support Group and its Miami, Florida-based Electronic Technologies Group. HEICO's customers include a majority of the world's airlines and overhaul shops, as well as numerous defense and space contractors and military agencies worldwide, in addition to medical, telecommunications and electronics equipment manufacturers. For more information about HEICO, please visit our website at https://www.heico.com.

Certain statements in this press release constitute forward-looking statements, which are subject to risks, uncertainties and contingencies. HEICO's actual results may differ materially from those expressed in or implied by those forward-looking statements. Factors that could cause such differences include, among others: the severity, magnitude and duration of public health threats; our liquidity and the amount and timing of cash generation; lower commercial air travel, airline fleet changes or airline purchasing decisions, which could cause lower demand for our goods and services; product specification costs and requirements, which could cause an increase in our costs to complete contracts; governmental and regulatory demands, export policies and restrictions, reductions in defense, space or homeland security spending by U.S. and/or foreign customers or competition from existing and new competitors, which could reduce our sales; our ability to introduce new products and services at profitable pricing levels, which could reduce our sales or sales growth; product development or manufacturing difficulties, which could increase our product development and manufacturing costs and delay sales; cybersecurity events or other disruptions of our information technology systems could adversely affect our business; and our ability to make acquisitions, including obtaining any applicable domestic and/or foreign governmental approvals, and achieve operating synergies from acquired businesses; customer credit risk; interest, foreign currency exchange and income tax rates; and economic conditions, including the effects of inflation, within and outside of the aviation, defense, space, medical, telecommunications and electronics industries, which could negatively impact our costs and revenues. Parties receiving this material are encouraged to review all of HEICO's filings with the Securities and Exchange Commission including, but not limited to filings on Form 10-K, Form 10-Q and Form 8-K. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

Contact:
Victor H. Mendelson (305) 374-1745

Carlos L. Macau, Jr. (954) 744-7570

SOURCE: HEICO Corporation

HOLLYWOOD, FL AND MIAMI, FL / ACCESS Newswire / May 6, 2026 / On May 27, 2026, after the NYSE closing, HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) will release its financial results for the second quarter ended April 30, 2026. The earnings release will be available through the Internet on the Company's website at https://www.heico.com.

In order to assist interested parties in scheduling their participation in HEICO teleconferences, the Company issues advance notices of conference calls.

HEICO will hold a conference call on Thursday, May 28 at 9:00 a.m. Eastern Daylight Time to discuss its second quarter results. Individuals wishing to participate in the conference call should dial: US and Canada (800) 330-6710, International (646) 769-9200, wait for the conference operator and provide the operator with the Conference ID 1509611. A digital replay will be available two hours after the completion of the conference call for 14 days. To access the replay, please visit our website at https://www.heico.com under the Investors section for details.

The Company has two classes of common stock traded on the NYSE. Both classes, the Common Stock (HEI) and the Class A Common Stock (HEI.A), are virtually identical in all economic respects. The only difference between the share classes is the voting rights. The Class A Common Stock (HEI.A) carries 1/10 vote per share and the Common Stock (HEI) carries one vote per share. The stock symbols for HEICO's two classes of common stock on most websites are HEI and HEI.A. However, some websites change HEICO's Class A Common Stock symbol (HEI.A) to HEI/A or HEIa.

HEICO Corporation is engaged primarily in the design, production, servicing and distribution of products and services to certain niche segments of the aviation, defense, space, medical, telecommunications and electronics industries through its Hollywood, Florida-based Flight Support Group and its Miami, Florida-based Electronic Technologies Group. HEICO's customers include a majority of the world's airlines and overhaul shops, as well as numerous defense and space contractors and military agencies worldwide, in addition to medical, telecommunications and electronics equipment manufacturers. For more information about HEICO, please visit our website at https://www.heico.com.

Contact: Victor H. Mendelson (305) 374-1745 ext. 7590
Carlos L. Macau, Jr. (954) 987-4000 ext. 7570

SOURCE: HEICO Corporation

Wednesday, 27 May 2026 04:15 PM

Topic: 

Earnings Consolidated Quarterly Organic Net Sales Growth exceeds 18%

HOLLYWOOD, FL AND MIAMI, FL / ACCESS Newswire / May 27, 2026 / HEICO CORPORATION (NYSE:HEI.A)(NYSE:HEI) today reported an increase in net income of 49% to a record $233.8 million, or $1.66 per diluted share, in the second quarter of fiscal 2026, up from $156.8 million, or $1.12 per diluted share, in the second quarter of fiscal 2025. Net income increased 31% to a record $424.0 million, or $3.01 per diluted share, in the first six months of fiscal 2026, up from $324.7 million, or $2.31 per diluted share, in the first six months of fiscal 2025.

Net sales increased 25% to a record $1,375.7 million in the second quarter of fiscal 2026, up from $1,097.8 million in the second quarter of fiscal 2025. Operating income increased 41% to a record $350.4 million in the second quarter of fiscal 2026, up from $248.2 million in the second quarter of fiscal 2025. The Company's consolidated operating margin improved to 25.5% in the second quarter of fiscal 2026, up from 22.6% in the second quarter of fiscal 2025.

Net sales increased 20% to a record $2,554.3 million in the first six months of fiscal 2026, up from $2,128.0 million in the first six months of fiscal 2025. Operating income increased 29% to a record $610.3 million in the first six months of fiscal 2026, up from $475.0 million in the first six months of fiscal 2025. The Company's consolidated operating margin improved to 23.9% in the first six months of fiscal 2026, up from 22.3% in the first six months of fiscal 2025.

EBITDA increased 37% to $408.3 million in the second quarter of fiscal 2026, up from $297.7 million in the second quarter of fiscal 2025. EBITDA increased 26% to $720.3 million in the first six months of fiscal 2026, up from $571.6 million in the first six months of fiscal 2025. See our reconciliation of net income attributable to HEICO to EBITDA at the end of this press release.

Consolidated Results

Eric A. Mendelson and Victor H. Mendelson, HEICO's Co-Chairmen and Co-Chief Executive Officers, commented on the Company's second quarter results stating, "Reporting yet another period of record results, HEICO's record quarterly net income, operating income and net sales were driven by 18% consolidated organic net sales growth and contributions by our profitable fiscal 2026 and 2025 acquisitions.

Cash flow provided by operating activities increased 43% to $292.0 million in the second quarter of fiscal 2026, up from $204.7 million in the second quarter of fiscal 2025. We continue to forecast strong cash flow from operations for fiscal 2026.

Our total debt to net income attributable to HEICO ratio was 3.28x as of April 30, 2026, as compared to 3.14x as of October 31, 2025. Our net debt to EBITDA ratio was 1.74x as of April 30, 2026, as compared to 1.60x as of October 31, 2025. The increase in our leverage ratios in the first six months of fiscal 2026 is a result of our successful completion of four acquisitions, two by the Flight Support Group and two by the Electronic Technologies Group. See our reconciliation of total debt to net debt at the end of this press release.

For the remainder of fiscal 2026, we expect increased net sales at both the Flight Support Group and Electronic Technologies Group supported by underlying demand for our products and contributions from recent acquisitions. We intend to continue evaluating acquisition opportunities that are consistent with our strategic objectives. Our capital allocation approach remains opportunistic, focused on balancing organic growth with accretive acquisitions while maintaining liquidity and financial flexibility."

Flight Support Group

The Flight Support Group achieved record quarterly net sales and operating income in the second quarter of fiscal 2026, with net sales and operating income increasing 21% and 31%, respectively, as compared to the second quarter of fiscal 2025. These results reflect strong double-digit organic net sales growth across all of the Flight Support Group's product lines, as well as the contributions from our fiscal 2026 acquisitions.

The Flight Support Group's net sales increased 21% to a record $929.4 million in the second quarter of fiscal 2026, up from $767.1 million in the second quarter of fiscal 2025. The net sales increase in the second quarter of fiscal 2026 resulted from strong organic growth of 19%, as well as the impact from our fiscal 2026 acquisitions. The organic net sales growth in the second quarter of fiscal 2026 reflects increased demand across all of our product lines.

The Flight Support Group's net sales increased 18% to a record $1,749.4 million in the first six months of fiscal 2026, up from $1,480.2 million in the first six months of fiscal 2025. The net sales increase in the first six months of fiscal 2026 resulted from robust organic growth of 16%, as well as the impact from our fiscal 2025 and 2026 acquisitions. The organic net sales growth in the first six months of fiscal 2026 reflects increased demand across all of our product lines.

The Flight Support Group's operating income increased 31% to a record $243.1 million in the second quarter of fiscal 2026, up from $185.0 million in the second quarter of fiscal 2025. The Flight Support Group's operating income increased 26% to a record $443.8 million in the first six months of fiscal 2026, up from $351.1 million in the first six months of fiscal 2025. The operating income increase in the second quarter and first six months of fiscal 2026 principally reflects the previously mentioned net sales growth, selling, general and administrative ("SG&A") expense efficiencies realized from the net sales growth, and an improved gross profit margin. The improved gross profit margin in the second quarter and first six months of fiscal 2026 was principally driven by a more favorable product mix and higher net sales volumes within our aftermarket replacement parts product line.

The Flight Support Group's operating margin improved to 26.2% in the second quarter of fiscal 2026, up from 24.1% in the second quarter of fiscal 2025. The Flight Support Group's operating margin improved to 25.4% in the first six months of fiscal 2026, up from 23.7% in the first six months of fiscal 2025. The operating margin increase in the second quarter and first six months of fiscal 2026 reflects decreased SG&A expenses as a percentage of net sales, primarily driven by the previously mentioned SG&A expense efficiencies, and the previously mentioned improved gross profit margin.

Electronic Technologies Group

The Electronic Technologies Group achieved record quarterly net sales and operating income in the second quarter of fiscal 2026, with net sales and operating income improving 34% and 56%, respectively, as compared to the second quarter of fiscal 2025. These exceptional results principally resulted from strong organic net sales growth and contributions from our fiscal 2026 and 2025 acquisitions, driven by broad-based improved demand for most of the Electronic Technologies Group's products.

The Electronic Technologies Group's net sales increased 34% to a record $459.5 million in the second quarter of fiscal 2026, up from $342.2 million in the second quarter of fiscal 2025. The net sales increase reflects strong organic growth of 17% and the impact from our fiscal 2026 and 2025 acquisitions. The organic net sales growth is mainly attributable to increased demand for our other electronics, defense, aerospace, and space products.

The Electronic Technologies Group's net sales increased 23% to a record $830.2 million in the first six months of fiscal 2026, up from $672.5 million in the first six months of fiscal 2025. The net sales increase came from strong organic growth of 12% and the impact from our fiscal 2025 and 2026 acquisitions. The organic net sales growth is mainly attributable to increased demand for our other electronics, aerospace, and defense products.

The Electronic Technologies Group's operating income increased 56% to a record $121.8 million in the second quarter of fiscal 2026, up from $77.9 million in the second quarter of fiscal 2025. The operating income increase principally reflects the previously mentioned net sales growth, an improved gross profit margin, and SG&A expense efficiencies realized from the net sales growth. The improved gross profit margin principally reflects the previously mentioned higher net sales and a more favorable product mix of our aerospace products.

The Electronic Technologies Group's operating income increased 26% to a record $195.1 million in the first six months of fiscal 2026, up from $154.3 million in the first six months of fiscal 2025. The operating income increase principally reflects the previously mentioned net sales growth and SG&A expense efficiencies realized from the net sales growth.

The Electronic Technologies Group's operating margin improved to 26.5% in the second quarter of fiscal 2026, up from 22.8% in the second quarter of fiscal 2025. The operating margin increase reflects the previously mentioned improved gross profit margin and decreased SG&A expenses as a percentage of net sales, primarily driven by the previously mentioned SG&A expense efficiencies.

The Electronic Technologies Group's operating margin improved to 23.5% in the first six months of fiscal 2026, up from 23.0% in the first six months of fiscal 2025. The increased operating margin principally resulted from decreased SG&A expenses as a percentage of net sales, primarily driven by the previously mentioned SG&A expense efficiencies.

Non-GAAP Financial Measures

To provide additional information about the Company's results, HEICO has discussed in this press release its EBITDA (calculated as net income attributable to HEICO adjusted for depreciation and amortization expense, net income attributable to noncontrolling interests, interest expense and income tax expense), its net debt (calculated as total debt less cash and cash equivalents), and its net debt to EBITDA ratio (calculated as net debt divided by EBITDA), which are not prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP").

These non-GAAP measures are included to supplement the Company's financial information presented in accordance with GAAP and because the Company uses such measures to monitor and evaluate the performance of its business and believes the presentation of these measures enhance an investor's ability to analyze trends in the Company's business and to evaluate the Company's performance relative to other companies in its industry. However, these non-GAAP measures have limitations and should not be considered in isolation or as a substitute for analysis of the Company's financial results as reported under GAAP.

These non-GAAP measures are not in accordance with, or an alternative to, measures prepared in accordance with GAAP and may be different from non-GAAP measures used by other companies. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. These measures should only be used to evaluate the Company's results of operations in conjunction with their corresponding GAAP measures. Pursuant to the requirements of Regulation G of the Securities and Exchange Act of 1934, the Company has provided a reconciliation of these non-GAAP measures in the last table included in this press release.

(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 virtually identical in all economic respects. The only difference between the share classes is the voting rights. The Class A Common Stock (HEI.A) carries 1/10 vote per share and the Common Stock (HEI) carries one vote per share.)

There are currently approximately 84.5 million shares of HEICO's Class A Common Stock (HEI.A) outstanding and 55.2 million shares of HEICO's Common Stock (HEI) outstanding. The stock symbols for HEICO's two classes of common stock on most websites are HEI.A and HEI. However, some websites change HEICO's Class A Common Stock trading symbol (HEI.A) to HEI/A or HEIa.

As previously announced, HEICO will hold a conference call on Thursday, May 28, 2026 at 9:00 a.m. Eastern Daylight Time to discuss its second quarter results. Individuals wishing to participate in the conference call should dial: US and Canada (800) 330-6710, International (646) 769-9200, wait for the conference operator and provide the operator with the Conference ID 1509611. A digital replay will be available two hours after the completion of the conference for 14 days. To access the replay, please visit our website at https://www.heico.com under the Investors section for details.

HEICO Corporation is engaged primarily in the design, production, servicing and distribution of products and services to certain niche segments of the aviation, defense, space, medical, telecommunications and electronics industries through its Hollywood, Florida-based Flight Support Group and its Miami, Florida-based Electronic Technologies Group. HEICO's customers include a majority of the world's airlines and overhaul shops, as well as numerous defense and space contractors and military agencies worldwide, in addition to medical, telecommunications and electronics equipment manufacturers. For more information about HEICO, please visit our website at https://www.heico.com.

Certain statements in this press release constitute forward-looking statements, which are subject to risks, uncertainties and contingencies. HEICO's actual results may differ materially from those expressed in or implied by those forward-looking statements. Factors that could cause such differences include, among others: the severity, magnitude and duration of public health threats; our liquidity and the amount and timing of cash generation; lower commercial air travel, airline fleet changes or airline purchasing decisions, which could cause lower demand for our goods and services; product specification costs and requirements, which could cause an increase in our costs to complete contracts; governmental and regulatory demands, export policies and restrictions, reductions in defense, space or homeland security spending by U.S. and/or foreign customers or competition from existing and new competitors, which could reduce our sales; our ability to introduce new products and services at profitable pricing levels, which could reduce our sales or sales growth; product development or manufacturing difficulties, which could increase our product development and manufacturing costs and delay sales; cybersecurity events or other disruptions of our information technology systems could adversely affect our business; and our ability to make acquisitions, including obtaining any applicable domestic and/or foreign governmental approvals, and achieve operating synergies from acquired businesses; customer credit risk; interest, foreign currency exchange and income tax rates; and economic conditions, including the effects of inflation, within and outside of the aviation, defense, space, medical, telecommunications and electronics industries, which could negatively impact our costs and revenues. Parties receiving this material are encouraged to review all of HEICO's filings with the Securities and Exchange Commission including, but not limited to filings on Form 10-K, Form 10-Q and Form 8-K. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

HEICO CORPORATION
Condensed Consolidated Statements of Operations (Unaudited)
(in thousands, except per share data)

Three Months Ended April 30,

2026

2025

Net sales

$

1,375,713

$

1,097,820

Cost of sales

806,188

660,016

Selling, general and administrative expenses

219,088

189,652

Operating income

350,437

248,152

Interest expense

(34,161

)

(32,865

)

Other income

1,254

636

Income before income taxes and noncontrolling interests

317,530

215,923

Income tax expense

67,200

45,400

Net income from consolidated operations

250,330

170,523

Less: Net income attributable to noncontrolling interests

16,529

13,730

Net income attributable to HEICO

$

233,801

$

156,793

Net income per share attributable to HEICO shareholders:

Basic

$

1.68

$

1.13

Diluted

$

1.66

$

1.12

Weighted average number of common shares outstanding:

Basic

139,561

139,005

Diluted

141,068

140,599

Three Months Ended April 30,

2026

2025

Operating segment information:

Net sales:

Flight Support Group

$

929,427

$

767,070

Electronic Technologies Group

459,532

342,167

Intersegment sales

(13,246

)

(11,417

)

$

1,375,713

$

1,097,820

Operating income:

Flight Support Group

$

243,064

$

184,980

Electronic Technologies Group

121,809

77,880

Other, primarily corporate

(14,436

)

(14,708

)

$

350,437

$

248,152

Depreciation and amortization:

Flight Support Group

$

29,891

$

28,449

Electronic Technologies Group

25,916

19,537

Other, primarily corporate

827

891

$

56,634

(c)

$

48,877

(c)

HEICO CORPORATION
Condensed Consolidated Statements of Operations (Unaudited)
(in thousands, except per share data)

Six Months Ended April 30,

2026

2025

Net sales

$

2,554,295

$

2,128,042

Cost of sales

1,529,806

1,284,576

Selling, general and administrative expenses

414,153

368,509

Operating income

610,336

474,957

Interest expense

(63,647

)

(65,323

)

Other income

2,298

1,555

Income before income taxes and noncontrolling interests

548,987

411,189

Income tax expense

93,900

(a)

59,100

(b)

Net income from consolidated operations

455,087

352,089

Less: Net income attributable to noncontrolling interests

31,098

27,341

Net income attributable to HEICO

$

423,989

(a)

$

324,748

(b)

Net income per share attributable to HEICO shareholders:

Basic

$

3.04

(a)

$

2.34

(b)

Diluted

$

3.01

(a)

$

2.31

(b)

Weighted average number of common shares outstanding:

Basic

139,464

138,921

Diluted

141,049

140,541

Six Months Ended April 30,

2026

2025

Operating segment information:

Net sales:

Flight Support Group

$

1,749,427

$

1,480,244

Electronic Technologies Group

830,207

672,482

Intersegment sales

(25,339

)

(24,684

)

$

2,554,295

$

2,128,042

Operating income:

Flight Support Group

$

443,797

$

351,096

Electronic Technologies Group

195,055

154,336

Other, primarily corporate

(28,516

)

(30,475

)

$

610,336

$

474,957

Depreciation and amortization:

Flight Support Group

$

57,766

$

54,281

Electronic Technologies Group

48,200

39,037

Other, primarily corporate

1,676

1,784

$

107,642

(c)

$

95,102

(c)

HEICO CORPORATION
Footnotes to Condensed Consolidated Statements of Operations (Unaudited)

During the first quarter of fiscal 2026, the Company recognized a $22.3 million discrete tax benefit from stock option exercises, which, net of noncontrolling interests, increased net income attributable to HEICO by $21.8 million, or $.16 per basic share and $.15 per diluted share.

During the first quarter of fiscal 2025, the Company recognized a $27.2 million discrete tax benefit from stock option exercises, which, net of noncontrolling interests, increased net income attributable to HEICO by $26.5 million, or $.19 per basic and diluted share.

Depreciation and amortization information on the Company's two operating segments for the three and six months ended April 30, 2026 and 2025, is as follows (in thousands):

Three Months Ended April 30,

Six Months Ended April 30,

2026

2025

2026

2025

Depreciation:

Flight Support Group

$

7,257

$

6,609

$

14,038

$

13,187

Electronic Technologies Group

7,162

6,061

14,085

12,030

Other, primarily corporate

434

498

891

999

$

14,853

$

13,168

$

29,014

$

26,216

Amortization:

Flight Support Group

$

22,634

$

21,840

$

43,728

$

41,094

Electronic Technologies Group

18,754

13,476

34,115

27,007

Other, primarily corporate

393

393

785

785

$

41,781

$

35,709

$

78,628

$

68,886

HEICO CORPORATION
Condensed Consolidated Balance Sheets (Unaudited)
(in thousands)

April 30, 2026

October 31, 2025

Cash and cash equivalents

$

210,335

$

217,781

Accounts receivable, net

734,955

637,615

Contract assets

131,590

119,257

Inventories, net

1,410,527

1,295,336

Prepaid expenses and other current assets

149,069

86,377

Total current assets

2,636,476

2,356,366

Property, plant and equipment, net

462,831

431,710

Goodwill

4,197,386

3,661,624

Intangible assets, net

1,715,157

1,471,440

Other assets

580,363

579,294

Total assets

$

9,592,213

$

8,500,434

Current maturities of long-term debt

$

3,402

$

3,358

Other current liabilities

900,180

828,646

Total current liabilities

903,582

832,004

Long-term debt, net of current maturities

2,583,888

2,164,587

Deferred income taxes

164,584

107,186

Other long-term liabilities

548,588

550,124

Total liabilities

4,200,642

3,653,901

Redeemable noncontrolling interests

536,654

467,358

Shareholders' equity

4,854,917

4,379,175

Total liabilities and equity

$

9,592,213

$

8,500,434

HEICO CORPORATION
Condensed Consolidated Statements of Cash Flows (Unaudited)
(in thousands)

Six Months Ended April 30,

2026

2025

Operating Activities:

Net income from consolidated operations

$

455,087

$

352,089

Depreciation and amortization

107,642

95,102

Share-based compensation expense

22,517

10,671

Deferred income tax provision (benefit)

11,801

(17,940

)

Employer contributions to HEICO Savings and Investment Plan

10,474

8,500

Increase in accrued contingent consideration, net

4,502

6,766

Payment of contingent consideration

-

(2,190

)

Increase in accounts receivable

(65,133

)

(40,361

)

Increase in contract assets

(6,300

)

(12,319

)

Increase in inventories

(40,463

)

(46,134

)

(Decrease) increase in current liabilities, net

(38,223

)

526

Other

8,666

53,019

Net cash provided by operating activities

470,570

407,729

Investing Activities:

Acquisitions, net of cash acquired

(821,269

)

(286,161

)

Capital expenditures

(31,546

)

(33,299

)

Investments related to HEICO Leadership Compensation Plan

(16,800

)

(17,700

)

Proceeds from corporate-owned life insurance policy withdrawals

22,654

-

Other

(3,995

)

(2,599

)

Net cash used in investing activities

(850,956

)

(339,759

)

Financing Activities:

Borrowings on revolving credit facility, net

420,000

50,000

Cash dividends paid

(16,724

)

(15,272

)

Distributions to noncontrolling interests

(16,364

)

(17,563

)

Acquisitions of noncontrolling interests

(12,414

)

(4,205

)

Redemptions of common stock related to stock option exercises

(4,813

)

(1,415

)

Payment of contingent consideration

-

(5,954

)

Proceeds from stock option exercises

3,843

5,786

Other

(1,642

)

(2,114

)

Net cash provided by financing activities

371,886

9,263

Effect of exchange rate changes on cash

1,054

2,973

Net (decrease) increase in cash and cash equivalents

(7,446

)

80,206

Cash and cash equivalents at beginning of year

217,781

162,103

Cash and cash equivalents at end of period

$

210,335

$

242,309

HEICO CORPORATION
Non-GAAP Financial Measures (Unaudited)
(in thousands, except ratios)

Three Months Ended April 30,

EBITDA Calculation

2026

2025

Net income attributable to HEICO

$

233,801

$

156,793

Plus: Depreciation and amortization

56,634

48,877

Plus: Net income attributable to noncontrolling interests

16,529

13,730

Plus: Interest expense

34,161

32,865

Plus: Income tax expense

67,200

45,400

EBITDA (a)

$

408,325

$

297,665

Six Months Ended April 30,

EBITDA Calculation

2026

2025

Net income attributable to HEICO

$

423,989

$

324,748

Plus: Depreciation and amortization

107,642

95,102

Plus: Net income attributable to noncontrolling interests

31,098

27,341

Plus: Interest expense

63,647

65,323

Plus: Income tax expense

93,900

59,100

EBITDA (a)

$

720,276

$

571,614

Trailing Twelve Months Ended

EBITDA Calculation

April 30, 2026

October 31, 2025

Net income attributable to HEICO

$

789,626

$

690,385

Plus: Depreciation and amortization

208,616

196,076

Plus: Net income attributable to noncontrolling interests

58,926

55,169

Plus: Interest expense

128,201

129,877

Plus: Income tax expense

182,800

148,000

EBITDA (a)

$

1,368,169

$

1,219,507

Net Debt Calculation

April 30, 2026

October 31, 2025

Total debt

$

2,587,290

$

2,167,945

Less: Cash and cash equivalents

(210,335

)

(217,781

)

Net debt (a)

$

2,376,955

$

1,950,164

Total debt

$

2,587,290

$

2,167,945

Net income attributable to HEICO (trailing twelve months)

$

789,626

$

690,385

Total debt to net income attributable to HEICO ratio

3.28

3.14

Net debt

$

2,376,955

$

1,950,164

EBITDA (trailing twelve months)

$

1,368,169

$

1,219,507

Net debt to EBITDA ratio (a)

1.74

1.60

(a) See the "Non-GAAP Financial Measures" section of this press release.

Contact:

Victor H. Mendelson (305) 374-1745 ext. 7590
Carlos L. Macau, Jr. (954) 987-4000 ext. 7570

SOURCE: HEICO Corporation

For the quarter ended April 2026, Heico Corporation (HEI - Free Report) reported revenue of $1.38 billion, up 25.3% over the same period last year. EPS came in at $1.66, compared to $1.12 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $1.24 billion, representing a surprise of +10.65%. The company delivered an EPS surprise of +24.64%, with the consensus EPS estimate being $1.33.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Heico performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Net Sales- Electronic Technologies Group (ETG): $459.53 million versus $378.06 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +34.3% change.Net Sales- Intersegment sales: $-13.25 million versus the two-analyst average estimate of $-12.25 million. The reported number represents a year-over-year change of +16%.Net Sales- Flight Support Group (FSG): $929.43 million compared to the $872.26 million average estimate based on two analysts. The reported number represents a change of +21.2% year over year.View all Key Company Metrics for Heico here>>>

Shares of Heico have returned +17.1% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

Heico (HEI 2.13%) (HEIA +0.00%) shocked the market with its second-quarter earnings report, and investors wasted no time in sending the stock higher by 10.7% at 1 p.m. today.

Heico shocks the market Wall Street analyst upgrades and downgrades are usually a good way to gauge sentiment over a stock. In this case, Jefferies lowered its price target (but maintained its buy rating) from $400 to $375 in anticipation of the earnings report.

The earnings report came in and blew away Wall Street expectations in both the Flight Support Group (FSG) and the Electronic Technologies Group (ETG). Jefferies responded by hiking its price target to $410.

Today's Change

(

-2.13

%) $

-7.21

Current Price

$

332.01

Skepticism ahead of the report was understandable, as a combination of soaring jet fuel prices, route closures in the Middle East, and airlines cutting capacity has led companies to lower estimates of flight departures. For example, GE Aerospace lowered its expectations for flight departures in 2026 to flat to low-single-digit growth from a previous estimate of mid-single-digit growth.

Lower flight departures are an issue for Heico's FSG because it provides Federal Aviation Administration (FAA) approved aftermarket replacement parts, and fewer flight departures usually mean less aftermarket demand.

However, Heico reported no weakness in its end markets, with FSG sales coming in at $929 million, above the pre-earnings consensus of $864 million, and ETG sales at $460 million, above the pre-earnings consensus of $396 million. All consensus figures courtesy of S&P Global Market Intelligence.

Image source: Getty Images.

Where next for Heico Discussing the outlook for commercial aerospace on the earnings call, CEO Victor Mendelson took the view that "while short-term shocks like the current just war might create short-term disruption in the inexorable upward trend, the short-term disruptions are, by definition, always brief," and, "Fuel prices eventually settle back. spurring even more growth."

The latter view is supported by GE Aerospace's management, which believes above-average growth will follow a temporary slowdown, and by Delta Air Lines, which confirmed that end-demand remains strong even as it cuts capacity amid higher jet fuel costs.

It's hard not to think Heico will get hit if the conflict persists, but right now, its business is firing on all cylinders.

Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends GE Aerospace and Heico. The Motley Fool recommends Delta Air Lines. The Motley Fool has a disclosure policy.

MIAMI, FL AND STANHOPE, UK / ACCESS Newswire / June 3, 2026 / HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) today announced that its Flight Support Group has acquired Cook Defence Systems and related entities ("Cook Defence" or the "Company") to form HEICO-Cook Defence ("HCD"). HEICO owns 80% of HCD, with the selling entity, William Cook Holdings, retaining 20% ownership. Managing Director William Cook will continue to lead the Company's operations along with the existing management team. Transaction terms and financial details were not disclosed.

HEICO stated that it expects the acquisitions to be accretive to its earnings within the year following closing.

Cook Defence Systems is an independent designer and manufacturer of track systems for armored fighting vehicles. The Company is a long-standing supplier to national ministries of defense and a key partner to leading global defense original equipment manufacturers, supporting both new vehicle production and long-term aftermarket replacement demand. Its products are deployed across a large fleet of in-service vehicles and have been selected for many next-generation platforms currently in development or production. As a result, Cook Defence Systems remains indispensable to credible deterrence and warfighting capabilities for NATO and allied nations.

The Company is an acknowledged specialist in the design, testing, manufacture, and supply of mission-critical systems comprising tracks, sprockets, running gear and associated components.

Created in its current form in 1994 by Sir Andrew Cook CBE and operating from a purpose-built facility in Stanhope, UK with a workforce of approximately 130 Team Members, Cook Defence Systems has developed proprietary engineering and manufacturing capabilities that position it as a critical link in the global defense supply chain. Notably, most of Cook Defence Systems' revenue is derived outside the United States and allows HEICO added international growth opportunities.

Eric A. Mendelson and Victor H. Mendelson, HEICO's Co-Chairmen and Co-Chief Executive Officers, jointly commented: "Cook Defence represents a distinctive addition to HEICO, with many of the attractive attributes we look for in our businesses. The Company has established strong relationships across leading defense OEMs and government customers across multiple critical armored vehicle platforms. Cook's proprietary technology, consistent aftermarket demand, and exposure to increasing global defense spending position it well for continued growth and long-term value creation. We are pleased to welcome William Cook and his team to the HEICO family."

William Cook and Sir Andrew Cook CBE, Chairman of William Cook Holdings, jointly commented, "We are proud to have built Cook Defence Systems into a trusted partner to governments, armies and armoured vehicle manufacturers worldwide. In HEICO, we have found a long-term partner that values our independence, supports our growth ambitions, and shares our commitment to engineering excellence, quality, and service. We are confident about the future of Cook Defence Systems under the joint ownership of HEICO and William Cook Holdings."

HEICO Corporation is engaged primarily in the design, production, servicing and distribution of products and services to certain niche segments of the aviation, defense, space, medical, telecommunications and electronics industries through its Hollywood, Florida-based Flight Support Group and its Miami, Florida-based Electronic Technologies Group. HEICO's customers include a majority of the world's airlines and overhaul shops, as well as numerous defense and space contractors and military agencies worldwide, in addition to medical, telecommunications and electronics equipment manufacturers. For more information about HEICO, please visit our website at https://www.heico.com.

Certain statements in this press release constitute forward-looking statements, which are subject to risks, uncertainties and contingencies. HEICO's actual results may differ materially from those expressed in or implied by those forward-looking statements. Factors that could cause such differences include, among others: the severity, magnitude and duration of public health threats; our liquidity and the amount and timing of cash generation; lower commercial air travel, airline fleet changes or airline purchasing decisions, which could cause lower demand for our goods and services; product specification costs and requirements, which could cause an increase to our costs to complete contracts; governmental and regulatory demands, export policies and restrictions, reductions in defense, space or homeland security spending by U.S. and/or foreign customers or competition from existing and new competitors, which could reduce our sales; our ability to introduce new products and services at profitable pricing levels, which could reduce our sales or sales growth; product development or manufacturing difficulties, which could increase our product development and manufacturing costs and delay sales; cybersecurity events or other disruptions of information technology systems could adversely affect our business; our ability to make acquisitions, including obtaining any applicable domestic and/or foreign governmental approvals, and achieve operating synergies from acquired businesses; customer credit risk; interest, foreign currency exchange and income tax rates; economic conditions, including the effects of inflation, within and outside of the aviation, defense, space, medical, telecommunications and electronics industries, which could negatively impact our costs and revenues; and defense spending or budget cuts, which could reduce our defense-related revenue. Parties receiving this material are encouraged to review all of HEICO's filings with the Securities and Exchange Commission, including, but not limited to filings on Form 10-K, Form 10-Q and Form 8-K. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

Contact:

Eric A. Mendelson (954) 744-7550

Carlos L. Macau, Jr. (954) 744-7562

SOURCE: HEICO Corporation

Key Takeaways HEI is highlighted as a strong pick due to aerospace strength, liquidity and low debt.HEI has delivered an average earnings surprise of 13.82% across the last four quarters.HEI benefits from rising air travel demand and maintains a strong foothold in U.S. defense. HEICO’s (HEI - Free Report) robust presence in the aerospace market, solid liquidity and low debt are strong positives. Given its growth prospects, HEI makes for a solid investment option in the Aerospace sector.

Let’s focus on the factors that make this Zacks Rank #2 (Buy) company a strong investment pick at the moment.

Growth Projections & Surprise History of HEIThe Zacks Consensus Estimate for fiscal 2026 earnings per share is pegged at $5.69, which indicates year-over-year growth of 16.1%.

The consensus estimate for fiscal 2026 sales is $5.14 billion, which indicates year-over-year growth of 14.5%.

HEI’s long-term (three-to-five years) earnings growth rate is pegged at 14.7%.

It delivered an average earnings surprise of 13.82% in the last four quarters.

HEI Stock’s Debt PositionCurrently, the company’s total debt-to-capital is 35.38%, better than the industry’s average of 41.52%.

HEI’s times interest earned (TIE) ratio at the end of the fiscal second quarter of 2026 was 9.05. A TIE ratio of more than one indicates that the company will be able to meet its interest payment obligations in the near term without any problems.

HEI’s LiquidityHEI’s current ratio at the end of the fiscal second quarter of 2026 was 2.92. A current ratio of greater than one indicates the company’s ability to meet its future short-term liabilities without difficulties.

Heico’s Growing Commercial and Defense MomentumHeico is benefiting from strong demand for its aftermarket replacement parts and repair and overhaul services, which support airlines and aircraft operators. Rising global air travel continues to drive maintenance needs, helping increase demand for Heico’s products and services. In the second quarter of fiscal 2026, the company’s Flight Support Group (FSG) reported record net sales of $929.4 million, up 21% year over year, supported by strong organic growth and acquisitions.

The company is also expanding its presence in defense and space markets through both its FSG and Electronics Technologies Group (ETG). Heico has been seeing rising defense-related orders and backlog, supported by growing demand as governments continue to replace and replenish defense inventories. The company supplies products for both traditional defense programs and newer technologies, including unmanned systems, which strengthens its growth opportunities.

HEI Stock’s Price PerformanceShares of HEI have gained 12.4% in the past month compared with the industry’s 5.2% growth.

Image Source: Zacks Investment Research

Other Stocks to ConsiderSome other top-ranked stocks from the same industry are Woodward (WWD - Free Report) , AAR (AIR - Free Report) and CurtissWright (CW - Free Report) . Each of these stocks carries a Zacks Rank of 2 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Woodward delivered an average earnings surprise of 16.97% in the last four quarters. The Zacks Consensus Estimate for WWD’s fiscal 2026 earnings is pinned at $9.34 per share, which indicates year-over-year growth of 35.6%.

AAR delivered an average earnings surprise of 11.30% in the last four quarters. The consensus estimate for AIR’s fiscal 2026 earnings stands at $4.97 per share, which suggests year-over-year growth of 27.1%.

CurtissWright delivered an average earnings surprise of 3.81% in the last four quarters. The consensus estimate for CW’s 2026 earnings is pegged at $15.16 per share, which implies year-over-year growth of 14.6%.

Building a successful investment portfolio takes skill and hard work, no matter if you're a growth, value, income, or momentum-focused investor.

How do you find the right combination of stocks that will generate returns that could fund your retirement, or your kids' college tuition, or your short- and long-term savings goals?

Enter the Zacks Rank.

What is the Zacks Rank?The Zacks Rank is a unique, proprietary stock-rating model that utilizes earnings estimate revisions to help investors build a winning portfolio.

There are four main factors behind the Zacks Rank: Agreement, Magnitude, Upside, and Surprise.

Agreement is the extent to which all brokerage analysts are revising their earnings estimates in the same direction. The greater the percentage of analysts revising their estimates higher, the better chance the stock will outperform.

Magnitude is the size of the recent change in the consensus estimate for the current and next fiscal years.

Upside is the difference between the most accurate estimate, which is calculated by Zacks, and the consensus estimate.

Surprise is made up of a company's last few quarters' earnings per share surprises; companies with a positive earnings surprise are more likely to beat expectations in the future.

These four factors are assigned a raw score that's recalculated every night, which is then compiled into the ranking system. Stocks are classified into five groups using this data, ranging from "Strong Buy" to "Strong Sell."

The Power of Institutional InvestorsThe Zacks Rank also allows individual investors, or retail investors, to benefit from the power of institutional investors.

Institutional investors are the professionals who manage the trillions of dollars invested in mutual funds, investment banks, and hedge funds. Studies have shown that these investors can and do move the market due to the large amounts of money they invest with. Because of this, the market tends to move in the same direction as institutional investors.

These investors are known for designing valuation models that focus on earnings and earnings expectations in order to figure out the fair value of a company and its shares. If earnings estimates are raised, it puts a higher value on a company.

With these changes, institutional investors will act, usually buying stocks with rising estimates and selling those with falling estimates. An increase in earnings expectations can potentially lead to higher stock prices and bigger gains for the investor.

Because it can take a long time for an institutional investor to build a position--sometimes weeks, if not months--retail investors who get in at the first sign of upward revisions have a distinct advantage over these larger investors, and can benefit from the expected institutional buying that will follow.

Not only can the Zacks Rank help you take advantage of trends in earnings estimate revisions, but it can also provide a way to get into stocks that are highly sought after by professionals.

How to Invest with the Zacks RankThe Zacks Rank is known for transforming investment portfolios. In fact, a portfolio of Zacks Rank #1 (Strong Buy) stocks has beaten the market in 26 of the last 32 years, with an average annual return of +23.7%.

Moreover, stocks with a new #1 (Strong Buy) ranking have some of the biggest profit potential, while those that fell to a #4 (Sell) or #5 (Strong Sell) have some of the worst.

Let's take a look at Heico Corporation (HEI - Free Report) , which was added to the Zacks Rank #1 list on June 10, 2026.

Florida-based HEICO Corporation, incorporated in 1957, is one of the world’s leading manufacturers of Federal Aviation Administration (“FAA”)-approved jet engine and aircraft component replacement parts. It also manufactures various types of electronic equipment for the aviation, defense, space, medical, telecommunications and electronics industries. The company’s products are found on large commercial aircraft, regional, business and military aircraft, as well as on a large variety of industrial turbines, targeting systems, missiles and electro-optical devices.

Five analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.22 to $5.78 per share. HEI also boasts an average earnings surprise of 13.8%.

Earnings are expected to grow 18% for the current fiscal year, while revenue is projected to increase 15.2%.

Even more impressive, HEI has gained in value over the past four weeks, up 13.5% compared to the S&P 500's loss of %.

Bottom LineWith a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Heico Corporation should be on investors' shortlist.

If you want even more information on the Zacks Ranks, or one of our many other investing strategies, check out the Zacks Education home page.

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