HEICO Corporation Acquires Leading French Interconnect Business
Heico Corporation (HEI)
Last heico corporation earnings: 2/25 04:15 pm
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Source: Business Wire
BRETIGNY-SUR-ORGE, France & BUC, France--(BUSINESS WIRE)--HEICO Corporation (NYSE:HEI) (NYSE:HEI.A) today announced that its Buc, France-based 3D PLUS subsidiary acquired substantially all of the assets and business of Bretigny-sur-Orge, France-based BERNIER, SAS (“BERNIER”) in an all cash transaction. 3D PLUS is part of HEICO’s Electronic Technologies Group.No further financial details were disclosed, but HEICO expects the acquisition to be accretive to its earnings within the first 12 months after closing.Founded in 1933, BERNIER is a leading French designer and manufacturer of interconnect products used in demanding defense, aerospace and industrial applications, primarily for communications-related purposes. BERNIER’s products are sold mostly within France, the European Community, Asia, the Middle East and the USA.The business will continue to operate under the BERNIER name and in its current engineering and production facility located in Bretigny-sur-Orge. Further, BERNIER, 3
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HEI
News
- HEICO Co. (NYSE: HEI) had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $271.00 to $266.00. They now have a "buy" rating on the stock.MarketBeat
- HEICO's Q4 Earnings Beat Estimates, Sales Increase Year Over Year [Yahoo! Finance]Yahoo! Finance
- Heico (HEI) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates [Yahoo! Finance]Yahoo! Finance
- Heico Corporation (HEI) Q4 Earnings Surpass Estimates [Yahoo! Finance]Yahoo! Finance
- HEICO Corporation Reports Record Net Income (Up 35%), Operating Income (Up 15%) and Net Sales (Up 8%) for the Fourth Quarter of Fiscal 2024 [Yahoo! Finance]Yahoo! Finance
HEI
Earnings
- 8/26/24 - Beat
HEI
Sec Filings
- 12/19/24 - Form 10-K
- 12/17/24 - Form 8-K
- 11/25/24 - Form 4
- HEI's page on the SEC website