MIAMI and HOLLYWOOD, Fla., Nov. 28, 2007 (PRIME NEWSWIRE) -- HEICO Corporation (NYSE:HEI-A) (NYSE:HEI) today reported that Forbes Magazine has included HEICO as one of the 200 Best Small Companies in Forbes' annual list of such businesses.
Laurans A. Mendelson, HEICO's Chairman, President and Chief Executive Officer, remarked, "We are honored and pleased that Forbes has bestowed this recognition on our company for the second consecutive year. Our outstanding Team Members continue to be the reason behind our success. Each of our HEICO Team Members has made this honor possible."
Mr. Mendelson added, "Of course, we agree with Forbes' assessment of HEICO, and note that HEICO has achieved significant compound annual growth rates since 1990 of approximately 19% in sales and earnings growth and approximately 24% in stock price."
The Company has two classes of common stock traded on the NYSE. Both classes, the Class A Common Stock (HEI.A) and the Common Stock (HEI), are virtually identical in all economic respects. The only difference between the share classes is the voting rights. The Class A Common Stock (HEI.A) receives 1/10 vote per share and the Common Stock (HEI) receives one vote per share. The stock symbols for HEICO's two classes of common stock on most web sites are HEI.A and HEI. However, some web sites change HEICO's Class A Common Stock stock symbol (HEI.A) to HEI/A or HEIa.
HEICO Corporation is engaged primarily in certain niche segments of the aviation, defense, space and electronics industries through its Hollywood, FL-based HEICO Aerospace Holdings Corp. subsidiary and its Miami, FL-based HEICO Electronic Technologies Corp. subsidiary. HEICO's customers include a majority of the world's airlines and airmotives as well as numerous defense and space contractors and military agencies worldwide in addition to telecommunications, electronics and medical equipment manufacturers. For more information about HEICO, please visit our web site at http://www.heico.com.