HEICO Q3 Sales Beat Estimates on 14% Organic Growth and Acquisitions
HEI sits 40% above its 52-week low of $256.11.
Summary
HEICO's fiscal Q3 sales rose 23% to $1.41B, beating the $1.35B consensus, with net income up 33% to $235.4M and EPS of $1.67. Organic growth of 14% and recent acquisitions drove the beat, while operating margin expanded to 25.1%. This follows record Q2 results and the Cook Defence Systems acquisition in June. Management expects increased sales at both segments for the rest of fiscal 2026 and strong operating cash flow. The stock trades at 52x forward earnings, above its 45x three months ago, reflecting high expectations.
At the time of this announcement, HEI was trading at $358.00 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $41.2B. The 52-week trading range was $256.11 to $376.86. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.