HEICO Posts 13% Net Income Gain to $190.2M, Sales Up 14%
HEICO reported record Q1 net income of $190.2 million (up 13%), operating income of $259.9 million (up 15%) and net sales of $1,178.6 million (up 14%) for fiscal 2026. EBITDA rose 14% to $312.0 million and operating margin improved to 22.1%, driven by double-digit organic growth and acquisitions.
1. Record Q1 Financial Performance
HEICO achieved a record quarterly net income of $190.2 million (up 13%) and operating income of $259.9 million (up 15%) on net sales of $1,178.6 million (up 14%) in Q1 of fiscal 2026. EBITDA increased 14% to $312.0 million, and consolidated operating margin rose slightly to 22.1%.
2. Strong Flight Support Group Growth
The Flight Support Group drove significant gains with net sales rising 15% to $820.0 million and operating income climbing 21% to $200.7 million. This performance reflected 12% organic growth across all product lines and contributions from recent acquisitions, lifting the segment’s margin to 24.5%.
3. Cash Flow and Leverage
Operating cash flow was $178.6 million, down from $203.0 million a year earlier due to higher performance-based payouts. Total debt to net income ratio increased to 3.52x from 3.14x, and net debt to EBITDA rose to 1.79x following the quarter’s strategic acquisition.
4. Strategic Outlook
HEICO expects continued sales momentum across both the Flight Support and Electronic Technologies groups, driven by organic demand and integration of recent acquisitions. Management remains focused on selective acquisitions and disciplined financial management to support long-term shareholder value.