Record Financial Performance in Q1 2025
HEICO achieved record consolidated operating income and net sales in Q1 2025, with a 26% increase in operating income and a 15% increase in net sales compared to Q1 2024.
Significant Net Income Growth
Net income increased by 46% to $168 million or $1.20 per diluted share in Q1 2025, up from $114.7 million or $0.82 per diluted share in Q1 2024.
Strong Performance in Flight Support Group
Flight Support Group set all-time quarterly operating income and net sales records, improving 22% and 15% respectively over the same period last year, driven by 13% organic net sales growth.
Impressive Growth in Electronic Technologies Group
Electronic Technologies Group's operating income and net sales improved by 38% and 16% respectively, attributed to strong 11% organic sales growth and increased defense, space, and aerospace product deliveries.
Robust Cash Flow and EBITDA Growth
Cash flow from operating activities increased by 82% to $203 million, and consolidated EBITDA rose 22% to $273.9 million in Q1 2025.
Active Acquisition Strategy
Several key acquisitions were completed in Q1 2025, including a 70% stake in SVM Limited and a 90% interest in Millennium International, enhancing HEICO's capabilities and expected to be accretive to earnings.