HEICO

HEICO Corp. engages in the manufacturing of electronic equipment for the aviation, defense, space, medical, telecommunications, and electronics industries. It operates through the Flight Support Group and Electronic Technologies Group segments. The Flight Support Group segment designs, manufactures, repairs, overhauls, and distributes jet engine and aircraft component replacement parts. The Electronic Technologies Group segment designs and manufactures electronic, data and microwave, and electro-optical products, including infrared simulation and test equipment, laser rangefinder receivers, electrical power supplies, back-up power supplies, power conversion products, underwater locator beacons, emergency locator transmission beacons, flight deck annunciators, panels and indicators, electromagnetic and radio frequency interference shielding and filters, high power capacitor charging power supplies, amplifiers, traveling wave tube amplifiers, photo detectors, amplifier modules, microwave power modules, flash lamp drivers, laser diode drivers, arc lamp power supplies, custom power supply designs, cable assemblies, high voltage power supplies, high voltage interconnection devices and wire, high voltage energy generators, high frequency power delivery systems, and memory products. The company was founded in 1957 and is headquartered in Hollywood, FL.

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HEICO achieves record-breaking Q1 results amidst supply chain challenges

HEICO delivered exceptional Q1 2023 results, driven by strong performance in the Flight Support Group and the acquisition of Exxelia International.
While facing challenges from inflation and supply chain disruptions, the company remains well-positioned for growth in both its segments.
Opportunities for M&A and increasing demand for HEICO products offer avenues for further expansion and revenue growth.
Overall, HEICO's strategic focus on key strengths and opportunities positions it for continued success and market leadership.

HEICO achieves record Q2 results, eyes growth through strategic acquisitions

HEICO's Q2 fiscal '23 performance was exceptional, with record-breaking results and strategic acquisitions driving growth.
While facing short-term challenges like increased debt and margin pressures, the company's prudent financial management and market position are strengths.
Opportunities for growth lie in continued net sales expansion, synergies from acquisitions, and market share gains in specialty products.

HEICO reports record Q3 earnings, eyes growth post Wencor acquisition

HEICO's Q3 fiscal '23 performance showcased robust revenue growth, driven by aerospace demand and strategic acquisitions. The company's focus on new product development and margin stability position it well for future growth.
While facing challenges such as inflationary pressures and potential market slowdowns, HEICO remains optimistic about continued net sales growth and synergies from the Wencor acquisition. Managing debt levels while pursuing strategic acquisitions is crucial for long-term success.
Overall, HEICO's strong financial performance, focus on innovation, and strategic acquisitions present opportunities for growth. Navigating challenges such as inflation and market uncertainties will be key to sustaining momentum and capitalizing on future opportunities.

HEICO achieves record-breaking Q4 results, eyes growth in '24

HEICO's Q4 fiscal '23 performance was robust, with record-breaking results and a positive outlook for fiscal '24. The company's focus on quality control, customer satisfaction, and strategic growth initiatives positions it well for future success despite potential challenges.

HEICO reports stellar Q1 results, eyes growth amidst challenges

HEICO's Q1 fiscal '24 performance showcased remarkable growth in operating income, net sales, and cash flow, underpinned by strategic acquisitions and strong market demand.
While challenges like labor market issues and parts availability persist, the company's focus on debt management and growth opportunities positions it for continued success.
Opportunities in R&D, acquisitions, and market share gains present avenues for further expansion and margin improvement, supporting HEICO's growth targets and financial stability.
Overall, HEICO's robust financial performance, coupled with prudent decision-making and market positioning, sets a positive tone for its fiscal '24 outlook and growth prospects.

HEICO reports record Q2 results, eyes growth amid market challenges

HEICO's Q2 fiscal '24 performance reflects robust financial results and operational achievements across its business segments.
While facing challenges in certain markets and supply chain dynamics, the company's strengths in financial management, product focus, and strategic vision position it well for future growth.
With opportunities in expanding markets, R&D innovation, and international travel demand, HEICO remains poised for continued success and market leadership.

HEICO reports record Q3 earnings, eyes growth through strategic acquisitions

HEICO delivered outstanding financial performance in Q3 fiscal '24, with robust operating income, net sales, and EBITDA growth. Despite some challenges in specific business segments, the company remains optimistic about future growth opportunities through strategic acquisitions and sustained product demand.

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HEICO Corp. engages in the manufacturing of electronic equipment for the aviation, defense, space, medical, telecommunications, and electronics industries. It operates through the Flight Support Group and Electronic Technologies Group segments. The Flight Support Group segment designs, manufactures, repairs, overhauls, and distributes jet engine and aircraft component replacement parts. The Electronic Technologies Group segment focuses on designing and manufacturing electronic, data and microwave, and electro-optical products, including infrared simulation and test equipment, laser rangefinder receivers, electrical power supplies, back-up power supplies, power conversion products, underwater locator beacons, emergency locator transmission beacons, flight deck annunciators, panels and indicators, electromagnetic and radio frequency interference shielding and filters, high power capacitor charging power supplies, amplifiers, traveling wave tube amplifiers, photo detectors, amplifier modules, microwave power modules, flash lamp drivers, laser diode drivers, arc lamp power supplies, custom power supply designs, cable assemblies, high voltage power supplies, high voltage interconnection devices and wire, high voltage energy generators, high frequency power delivery systems, and memory products. The company was founded in 1957 and is headquartered in Hollywood, FL.

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HEICO Corporation (NYSE:HEI ) Q3 2024 Earnings Conference Call August 27, 2024 9:00 AM ET Company Participants Laurans Mendelson - Chairman & CEO Eric Mendelson - Co-President & President of Flight Support Group Victor Mendelson - Co-President & President of Electronic Technologies Group Carlos Macau - EVP & CFO Conference Call Participants Robert Spingarn - Melius Research Bert Subin - Stifel Larry Solow - CJS Securities Peter Arment - Baird David Strauss - Barclays Pete Skibitski - Alembic Global Louis Raffetto - Wolfe Research Kenneth Herbert - RBC Capital Markets Sheila Kahyaoglu - Jefferies Michael Ciarmoli - Truist Securities Gautam Khanna - TD Cowen Tony Bancroft - Gabelli Funds Operator Welcome to the HEICO Corporation Third Quarter 2024 Financial Results Call. My name is Samara, and I will be your operator for today's call.

HEICO Corporation (HEI) Q3 2024 Earnings Call Transcript

Shares of Warren Buffett-backed Heico (HEI) edged higher Tuesday after the aircraft parts and electronics supplier posted better-than-expected third-quarter profit despite declining Electronic Technologies Group sales.

Buffett Favorite Heico Reports Increased Revenue Despite Unit Sales Drop

HEI's third-quarter fiscal 2024 earnings and revenues top the Zacks Consensus Estimate, driven by solid sales volumes from the Flight Support Group segment.

HEICO's Q3 Earnings Surpass Estimates, Sales Increase Y/Y

Heico missed quarterly revenue expectations, and earnings were boosted by the tax rate. The company's aerospace business is strong, but other electronics are seeing sluggish growth.

Why Heico Stock Is Falling Today

At last glance, shares of Heico Corp (NYSE:HEI) are 2.9% lower at $238.74 Tuesday, after the aerospace and defense firm yesterday reported a mixed fiscal third-quarter report.

Heico Stock Drops After Mixed Quarterly Report

Heico Corporation (HEI) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.77 per share a year ago.

Heico Corporation (HEI) Q3 Earnings and Revenues Beat Estimates

While the top- and bottom-line numbers for Heico (HEI) give a sense of how the business performed in the quarter ended July 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Heico (HEI) Q3 Earnings: A Look at Key Metrics

HOLLYWOOD, FL and MIAMI, FL / ACCESSWIRE / August 26, 2024 / HEICO CORPORATION (NYSE:HEI.A)(NYSE:HEI) today reported net income increased 34% to a record $136.6 million, or $.97 per diluted share, in the third quarter of fiscal 2024, up from $102.0 million, or $.74 per diluted share, in the third quarter of fiscal 2023. Net income increased 25% to a record $374.4 million, or $2.67 per diluted share, in the first nine months of fiscal 2024, up from $300.2 million, or $2.17 per diluted share, in the first nine months of fiscal 2023.

HEICO Corporation Reports Record Net Sales (Up 37%), Operating Income (Up 45%) and Net Income (Up 34%) for the Third Quarter of Fiscal 2024

HEICO (HEI) has acquired the Aerial Delivery and Descent Devices divisions of Capewell Aerial Systems, which will expand the company's operations and boost its earnings.

HEICO (HEI) Buys Capewell's Divisions to Strengthen Operation

HEICO Corporation HEI is set to release earnings results for its third quarter, after the closing bell on Monday, Aug. 26.

HEICO Earnings Are Imminent; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Besides Wall Street's top -and-bottom-line estimates for Heico (HEI), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended July 2024.

Exploring Analyst Estimates for Heico (HEI) Q3 Earnings, Beyond Revenue and EPS

SOUTH WINDSOR, CT and MIAMI, FL / ACCESSWIRE / August 22, 2024 / HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) today announced its Flight Support Group has acquired the Aerial Delivery and Descent Devices divisions of Capewell Aerial Systems ("Capewell") for cash at closing. Additional financial details were not disclosed.

HEICO Corporation Acquires Leading Provider of Proprietary Aircraft Cockpit Emergency Egress and Aerial Delivery Solutions

Heico (HEI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Heico Corporation (HEI) Reports Next Week: Wall Street Expects Earnings Growth

Heico Corp (NYSE: HEI), a leading aerospace and electronics company, recently achieved a significant milestone by reaching an all-time high, with shares peaking at $257.19.

Wall Street sets Heico (HEI) stock price for next 12 months

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Warren Buffett's Firm Chops Apple Position, Enters Holdings in Ulta Beauty and Heico

Warren Buffett's Berkshire Hathaway acquired stakes in cosmetics store chain Ulta Beauty and aircraft parts maker Heico during the second quarter, when it also significantly cut its huge stake in Apple.

Berkshire reveals stakes in Ulta Beauty, Heico as it retreats from Apple

HEICO (HEI) makes a strong case for investment in the Aerospace sector, given its solid growth prospects, favorable liquidity and solvency.

Reasons to Add HEICO (HEI) Stock to Your Portfolio Now

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HOLLYWOOD, FL and MIAMI, FL / ACCESSWIRE / August 13, 2024 / On August 26, 2024 after the NYSE closing, HEICO Corporation (NYSE: HEI.A)(NYSE:HEI) will release its financial results for the third quarter ended July 31, 2024. The earnings release will be available through the Internet on the Company's website at https://www.heico.com.

HEICO Corporation Announces Regular Quarterly Conference Call

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News for HEICO Stock (HEI)