For the full year, we still expect that range. We're still in process now of doing budgets and thinking about next year and we'll see how things play out, Larry.
3w
Carlos Macau
CFO, HEICO Corporation
Context
Carlos Macau was responding to questions about whether strong margins could persist as the company wraps fiscal 2026. The analyst asked for Carlos’s thoughts on margins as they look toward year-end and the next couple of years. Carlos noted a full-year expectation of 22% to 24% GAAP margins (roughly 26% to 28% EBITDA margins) and said they are in the budgeting process. He also indicated he does not want to elevate expectations further right away given the quarter-to-quarter context.