EarningsQ3 2026 Earnings Report
MX:HEICO Q3 2026 EPS Results
Actual EPS$30.36
Consensus EPS$27.67
Beat/MissBeat by +$2.69
One Year Ago EPS$22.90
MX:HEICO Q3 2026 Revenue Results
Actual Revenue$25.69B
Expected Revenue$24.65B
Beat/MissBeat by +$1.03B
YoY Revenue Growth+23.13%
Earnings Announcement Details
QuarterQ3 2026
Date08/25/2026
TimeAfter Close
Conference CallTuesday, August 25, 2026
MX:HEICO Upcoming Earnings
HEICO's next earnings date is estimated for December 21, 2026, based on past reporting schedules.
Q3 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q3 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q3 2026 Earnings Call Summary
Q3 2026
Earnings Call Date:Aug 25, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call conveyed a strongly positive operational and financial picture: record revenue, operating income, net income and EBITDA; robust organic growth across major segments; margin expansion; exceptional cash generation and improved leverage; active and accretive M&A with enhanced liquidity; and an increased dividend. Notable operational headwinds include supply chain constraints affecting repair volumes, elevated working capital and a one-time $70M–$75M cash outflow in Q4, plus caution around margin sustainability due to mix sensitivity and higher deal valuations. Overall, the favorable results, strong cash flow and strategic balance sheet moves materially outweigh the manageable challenges discussed.Company Guidance
Record Consolidated Financial Results
Consolidated net income rose 33% year-over-year to a record $235.4M ($1.67 diluted EPS) from $177.3M ($1.26). Consolidated operating income increased 34% to $355.2M and consolidated net sales increased 23% to $1,413.1M (from $1,147.6M). Consolidated EBITDA increased 31% to $415.2M (from $316.4M).
Very Strong Cash Generation and Improved Leverage
Cash provided by operating activities increased 49% to $345.3M (from $231.2M) — roughly 150% of net income for the quarter. Net debt-to-EBITDA improved to 1.57x (from 1.60x).
Segment Margin Expansion — Electronic Technologies Group (ETG)
ETG set quarterly records: net sales up 36% YoY to $483.5M (18% organic) and operating income up 55% to $125.6M. ETG operating margin improved to 26.0% (from 22.8%) and ETG cash margin before acquisition amortization was ~29.9% (intangible amortization consumed ~390 bps).
Segment Margin Expansion — Flight Support Group (FSG)
FSG set quarterly records: net sales up 18% YoY to $947.8M (12% organic) and operating income up 24% to $245.3M. FSG operating margin improved to 25.9% (from 24.7%); FSG cash margin before acquisition amortization was ~28.5% (acquisition-related amortization consumed ~200 bps).
Robust Organic Growth and Backlog
Broad-based strength across defense, aerospace, electronics and industrial tech verticals with sustained strong bookings and record backlog (ETG backlog called out as record). Management reported customers asking for expedited deliveries and follow-on orders.
Capital Structure Strengthening and Liquidity
Issued $1.2B of senior unsecured notes and repaid revolver borrowings; amended and extended revolving credit agreement to June 2031, increasing committed capital to $2.2B with an $800M accordion to $3.0B total capacity and optional extensions — enhancing liquidity and acquisition capacity.
Active, Accretive M&A and Acquisition Pipeline
Closed two acquisitions (Cook Defence and 90% of CalRamic). Management expects both to be accretive to earnings within a year and highlighted a full pipeline across small, medium and large targets with capacity to deploy capital.
Shareholder Returns and Dividend Increase
Paid the 96th consecutive semiannual cash dividend at $0.13 per share (an 8% increase over prior dividend), demonstrating continued commitment to shareholder returns.
MX:HEICO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed