Heico Corporation 10-Q filed Aug 27, 2026

Modified · Net Sales

Our consolidated net sales in the first sixnine months of fiscal 2026 increased by 2021% to a record $2,554.33,967.3 million, up from net sales of $2,128.03,275.6 million in the first sixnine months of fiscal 2025. The increase in consolidated net sales principally reflects an increase of $269.2414.3 million (an 18% increase) to a record $1,749.42,697.2 million in net sales of the FSG and an increase of $157.7285.3 million (a 2328% increase) to a record $830.21,313.7 million in net sales of the ETG. The net sales increase in the FSG reflects robust organic growth of 1615% and net sales of $36.181.9 million contributed by fiscal 20252026 and 20262025 acquisitions. The FSG's organic net sales growth reflects increased demand within its aftermarket replacement parts, repair and overhaul parts and services, and specialty products product lines resulting in net sales increases of $161.9234.0 million, $40.350.7 million, and $30.546.4 million, respectively. The net sales increase in the ETG reflects very strong organic growth of 1214% and net sales of $79.8140.1 million contributed by fiscal 20252026 and 20262025 acquisitions. The ETG's organic net sales growth is mainly attributable to increased demand for its other electronics, defense, aerospace, and defensemedical products resulting in net sales increases of $30.760.0 million, $21.836.3 million, $31.1 million, and $19.97.0 million, respectively. Sales price changes were not a significant contributing factor to the change in net sales of the FSG and ETG in the first sixnine months of fiscal 2026.