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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Jul. 31, 2024
Jul. 31, 2023
Net sales $ 992,246 $ 722,902 $ 2,844,004 $ 2,031,658
Operating costs and expenses:        
Cost of sales 602,976 444,168 1,736,170 1,242,613
Selling, general and administrative expenses 172,824 129,367 502,025 353,154
Total operating costs and expenses 775,800 573,535 2,238,195 1,595,767
Operating income 216,446 149,367 605,809 435,891
Interest expense (36,788) (12,120) (113,907) (29,561)
Other (expense) income 659 906 1,798 1,888
Income before income taxes and noncontrolling interests 180,317 138,153 493,700 408,218
Income tax expense 32,500 25,400 85,500 77,400
Net income from consolidated operations 147,817 112,753 408,200 330,818
Less: Net income attributable to noncontrolling interests 11,240 10,730 33,779 30,648
Net income attributable to HEICO $ 136,577 $ 102,023 $ 374,421 $ 300,170
Net income per share attributable to HEICO shareholders:        
Basic (in dollars per share) $ 0.99 $ 0.74 $ 2.71 $ 2.19
Diluted (in dollars per share) $ 0.97 $ 0.74 $ 2.67 $ 2.17
Weighted average number of common shares outstanding:        
Basic (in shares) 138,516 137,006 138,389 136,859
Diluted (in shares) 140,305 138,668 140,086 138,616