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, a supplier of key parts in the aerospace industry, is seeing growth due to the resurgence of aerospace demand and its strong pricing power, high revenue growth, and healthy balance sheet. The company has outperformed the S&P 500 over the past decade, with shares returning 720% in that period, and it has recently reported record results and announced the planned acquisition of Wencor Group. Despite a low dividend yield of 0.1%, HEICO's focus on mergers and acquisitions and long-term total return make it an attractive investment for those seeking growth.

HEICO: A Total Return Monster

Heico Corporation (HEI) reported earnings 30 days ago. What's next for the stock?

Heico Corporation (HEI) Up 1.8% Since Last Earnings Report: Can It Continue?

Howard Hughes Memorial Award from Aero Club of Southern California LOS ANGELES, CA and MIAMI, FL / ACCESSWIRE / June 21, 2023 / HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) today reported that Laurans A. Mendelson, its Chairman and Chief Executive Officer, will receive the prestigious 44th annual Howard Hughes Memorial Award from the Aero Club of Southern California during the club's annual ceremonial event on Wednesday, September 6, 2023, at The California Club in Los Angeles.

HEICO Corporation CEO Laurans A. Mendelson to Receive Prestigious Award

HOLLYWOOD, FL / ACCESSWIRE / June 12, 2023 / HEICO Corporation (NYSE:HEI.A and HEI) today announced that its Board of Directors declared a $0.10 per share cash dividend payable on all shares of its Class A Common Stock and its Common Stock. The dividend is HEICO's 90th consecutive semiannual cash dividend since 1979.

HEICO Corporation Declares $.10 Semi-Annual Cash Dividend

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HEICO Corporation (NYSE:HEI ) Q2 2023 Earnings Conference Call May 23, 2023 9:00 AM ET Company Participants Laurans Mendelson - Chairman & CEO Eric Mendelson - Co-President & Director Victor Mendelson - Co-President & Director Carlos Macau - EVP, CFO & Treasurer Conference Call Participants Robert Spingarn - Melius Research Peter Arment - Robert W. Baird & Co. Lawrence Solow - CJS Securities Gautam Khanna - TD Cowen Colin Ducharme - Sterling Capital Joshua Sullivan - The Benchmark Company George Bancroft - Gabelli Funds Louis Raffetto - Wolfe Research Kristine Liwag - Morgan Stanley Peter Osterland - Truist Securities Noah Poponak - Goldman Sachs Group Sheila Kahyaoglu - Jefferies Peter Skibitski - Alembic Global Advisors Operator Welcome to the HEICO Corporation Second Quarter Fiscal 2023 Financial Results Call.

HEICO Corporation (HEI) Q2 2023 Earnings Call Transcript

HEICO's (HEI) Q2 fiscal 2023 net sales increase 28% year over year. The metric also beats the Zacks Consensus Estimate by 5.1%.

HEICO (HEI) Q2 Earnings Beat Estimates, Sales Increase Y/Y

While the top- and bottom-line numbers for Heico Corporation (HEI) give a sense of how the business performed in the quarter ended April 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About Heico Corporation (HEI) Q2 Earnings

Heico Corporation (HEI) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.62 per share a year ago.

Heico Corporation (HEI) Beats Q2 Earnings and Revenue Estimates

2nd Quarter of Fiscal 2023 Net Income up 24% on Record Operating Income, which Increased 28%, and Record Net Sales, which Increased 28% HOLLYWOOD, FL and MIAMI, FL / ACCESSWIRE / May 22, 2023 / HEICO CORPORATION (NYSE:HEI.A)(NYSE:HEI) today reported net sales increased 28% to a record $687.8 million in the second quarter of fiscal 2023, up from $538.8 million in the second quarter of fiscal 2022. Operating income increased 28% to a record $157.1 million in the second quarter of fiscal 2023, up from $122.8 million in the second quarter of fiscal 2022.

HEICO Corporation Reports Record Operating Income and Net Sales for the Second Quarter and First Six Months of Fiscal 2023

Defense and aerospace components provider Heico reports earnings early Monday after a record $2 billion acquisition. Shares near a buy zone.

Defense Parts Provider At Buy Point; Earnings Due After Record $2 Billion Acquisition

HEICO (HEI) is set to take over a commercial and military aircraft aftermarket company, Wencor Group, and is likely to benefit from meaningful synergies.

HEICO (HEI) to Acquire Military Aftermarket Firm Wencor Group

HOLLYWOOD, FL and PEACHTREE CITY, GA / ACCESSWIRE / May 15, 2023 / HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) today announced that it entered into an agreement to acquire Wencor Group ("Wencor") from affiliates of Warburg Pincus LLC and Wencor's management for $1.9 billion in cash and $150 million in HEICO Class A Common Stock1 to be paid at closing, or $2.05 billion in the aggregate. The transaction will be HEICO's largest ever in purchase price, as well as revenues and income acquired.

HEICO Corporation Agrees to Make Major and Highly Complementary Acquisition

HONOLULU--(BUSINESS WIRE)--HEI Reports First Quarter 2023 Results.

HEI Reports First Quarter 2023 Results

Moog (MOG.A) came out with quarterly earnings of $1.42 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.49 per share a year ago.

Moog (MOG.A) Matches Q2 Earnings Estimates

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Asset Purchase and Exclusive License for Dukane Seacom subsidiary cements leadership position SARASOTA, FL and HOLLYWOOD, FL / ACCESSWIRE / April 3, 2023 / HEICO Corporation (NYSE:HEI and HEI.A) today announced that its Dukane Seacom subsidiary entered into an exclusive license and acquired key assets for the Aircraft Emergency Locator Transmitter ("ELT") product line from Honeywell International ("Honeywell"). The transaction was structured as an exclusive perpetual license and asset purchase.

HEICO Subsidiary Enters Into an Exclusive License and Acquires Key Related Assets for Emergency Locator Product Line

The strong results for the first quarter of fiscal 2023 show that HEICO is growing rapidly. HEICO is operating in a growing market as the need for defense spending increases due to increased global threats.

HEICO: Wait For A Better Buying Opportunity

HEICO is a North American company considered to be the world's largest manufacturer of engineering systems for aircraft as well as parts and replacement parts. I assumed that the recent increase in research and development expenditures, mainly in the FSG business segment, and new research will likely bring more product offerings, and more patents.

HEICO: Optimistic Guidance, Backlog Generation, And Inexpensive

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Heico's (HEI) fiscal Q1 2023 net sales increased 26.6% year over year. It also beat the Zacks Consensus Estimate by 7.7%.

HEICO (HEI) Q1 Earnings Beat Estimates, Sales Increase Y/Y

HEICO Corporation (NYSE:HEI ) Q1 2023 Earnings Conference Call February 28, 2023 9:00 AM ET Company Participants Laurans Mendelson – Chairman and Chief Executive Officer Eric Mendelson – Co-President and President-HEICO's Flight Support Group Victor Mendelson – Co-President-HEICO and President-HEICO's Electronic Technologies Group Carlos Macau – Executive Vice President, Chief Financial Officer Conference Call Participants Scott Deuschle – Credit Suisse Peter Arnett – Baird Larry Solow – CJS Securities Pete Osterland – Truist Securities Kristine Liwag – Morgan Stanley Sheila Kahyaoglu – Jefferies Ken Herbert – RBC Capital Markets Gautam Khanna – Cowen Josh Sullivan – The Benchmark Company Louis Raffetto – Wolfe Research Ron Epstein – Bank of America Operator Welcome to the HEICO Corporation First Quarter Fiscal 2023 Financial Results Call. My name is Samara and I'll be today's operator.

HEICO Corporation (HEI) Q1 2023 Earnings Call Transcript

Heico Corporation (HEI) delivered earnings and revenue surprises of 1.52% and 7.71%, respectively, for the quarter ended January 2023. Do the numbers hold clues to what lies ahead for the stock?

News for HEICO Stock (HEI)