HEICO Corporation Closes its Acquisition of Exxelia for $460 million
<p><a href='https://financialmodelingprep.com/financial-summary/HEI'>HEICO Corporation (NYSE:HEI)</a> announced that it has closed its acquisition of Exxelia for $460 million, or approximately €453 million. The transaction represents the largest in the company's history.</p>
<p>RBC Capital analysts believe this will be a positive catalyst for the stock. The analysts raised their fiscal 2023 and 2024 EPS estimates to $3.18 and $3.65, respectively.</p>
<p>The analysts expect total leverage to peak at under 1x, with lower interest expense in 2023 a source of EPS upside. The analysts continue to like the company for incremental upside from M&A, defense supply chain improvement, and its position in the commercial aerospace aftermarket.</p>

NYSE:HEI