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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Apr. 30, 2024
Apr. 30, 2023
Apr. 30, 2024
Apr. 30, 2023
Net sales $ 955,395 $ 687,841 $ 1,851,758 $ 1,308,756
Operating costs and expenses:        
Cost of sales 583,600 421,329 1,133,194 798,445
Selling, general and administrative expenses 162,642 109,422 329,201 223,787
Total operating costs and expenses 746,242 530,751 1,462,395 1,022,232
Operating income 209,153 157,090 389,363 286,524
Interest expense (38,512) (11,373) (77,119) (17,441)
Other (expense) income 460 343 1,139 982
Income before income taxes and noncontrolling interests 171,101 146,060 313,383 270,065
Income tax expense 36,200 31,000 53,000 52,000
Net income from consolidated operations 134,901 115,060 260,383 218,065
Less: Net income attributable to noncontrolling interests 11,755 9,940 22,539 19,918
Net income attributable to HEICO $ 123,146 $ 105,120 $ 237,844 $ 198,147
Net income per share attributable to HEICO shareholders:        
Basic (in dollars per share) $ 0.89 $ 0.77 $ 1.72 $ 1.45
Diluted (in dollars per share) $ 0.88 $ 0.76 $ 1.70 $ 1.43
Weighted average number of common shares outstanding:        
Basic (in shares) 138,386 136,916 138,325 136,786
Diluted (in shares) 140,059 138,600 139,976 138,590