HOLLYWOOD, Fla. and MIAMI, Oct. 28, 2010 (GLOBE NEWSWIRE) -- HEICO Corporation (NYSE:HEI-A) and (NYSE:HEI) today reported that Forbes Magazine has included HEICO as one of the 100 Best Small Companies in Forbes' 2010 annual list of such businesses. This marks the 5th consecutive year HEICO has been included in the list of Forbes 200 Best Small Companies and the first year of HEICO's inclusion in the top 100 List.
Laurans A. Mendelson, HEICO's Chairman, and Chief Executive Officer, remarked, "We are honored and pleased that Forbes has bestowed this recognition on our Company. As in previous years, our outstanding Team Members continue to be the reason behind our success."
Mr. Mendelson added, "Through the dedication and efforts of the HEICO Team Members, we have achieved a significant growth record, with compound annual growth rates since 1990 in sales and earnings of 17% and 18%, respectively, and in stock price of 21%."
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 medical, telecommunication and electronic equipment manufacturers. For more information about HEICO, please visit our web site at http://www.heico.com.
CONTACT: HEICO Corporation Thomas S. Irwin (954) 987-4000 ext. 7560 Victor H. Mendelson (305) 374-1745 ext. 7590