Record-Breaking Financial Performance
Consolidated net income increased by 30% to a record $177.3 million or $1.26 per diluted share in Q3 FY25, compared to $136.6 million or $0.97 per diluted share in Q3 FY24.
Flight Support Group's Strong Performance
The Flight Support Group set quarterly records with an 18% increase in net sales to $802.7 million and a 29% increase in operating income to $198.3 million, driven by 13% organic growth.
Electronic Technologies Group Growth
Net sales increased by 10% to $355.9 million with strong organic growth of 7%, reflecting increased demand for electronics, defense, and space products.
Strong Cash Flow and Dividend Increase
Cash flow from operations increased by 8% to $231.2 million, representing 130% of net income. The semiannual cash dividend was increased by 9%.
Successful Acquisition Strategy
Completed the acquisition of Gables Engineering, the third largest in HEICO's history, expected to be accretive to earnings within a year.