HEI - HEICO GAAP EPS of $0.76 beats by $0.03 revenue of $687.84M beats by $11.91M

2023-05-22 16:27:53 ET

• HEICO press release ( NYSE: HEI ): Q2 GAAP EPS of $0.76 beats by $0.03 .
• Revenue of $687.84M (+27.7% Y/Y) beats by $11.91M .
• Improvement in the commercial aerospace market has resulted in eleven consecutive quarters of sequential growth in net sales and operating income at the Flight Support Group.
• EBITDA increased 28% to $187.2 million in the second quarter of fiscal 2023, up from $146.6 million in the second quarter of fiscal 2022.
• Total debt to net income attributable to HEICO ratio was 2.0x as of April 30, 2023, as compared to .83x as of October 31, 2022.
• Net debt to EBITDA ratio was .94x and .25x as of April 30, 2023 and October 31, 2022, respectively
• Shares +1.15% .

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