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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Heico (HEI) raises its credit facility to $1.5 billion from $1.3 billion and extends its debt schedule by a year. The funds will be utilized for acquisitions.

Heico (HEI) Expands Credit Facility & Extends Debt Term

HOLLYWOOD, Fla. & MIAMI--(BUSINESS WIRE)--HEICO Corporation (NYSE:HEI) (NYSE:HEI.A) announced today that it amended and extended its existing credit facility to a $1.5 billion unsecured revolving credit facility (the “Facility”). Additionally, the Facility's maturity date has been extended by one year to November 2023 and it can be extended for an additional one-year period. The Facility is with a banking syndicate led by Truist Bank, Bank of America and Wells Fargo Bank. Co-Syndication Agents

HEICO Corporation Increases its Credit Facility to $1.5 Billion and Extends Term

Pool

Veeva Systems

Our indicative theme on Expensive Performers – which includes companies that are seeing their valuation multiples expand but are executing well, with consistently improving Operating Margins and Revenues – is up by roughly 64% year-to-date on an equally weighted basis. This compares to the S&P 500.

Pool Corp, Heico, Veeva: How Our Theme Of Expensive Performers Is Faring

We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, smart money investors have to conduct complex analyses, spend many resources and use tools that are not always available for the general crowd. This doesn't mean that they don't have occasional colossal losses; they do (like Peltz's recent General Electric losses). However, it is still a good idea to keep an eye on hedge fund activity. With this in mind, as the current round of 13F filings has just ended, let's examine the smart money sentiment towards HEICO Corporation (NYSE:HEI).

Was The Smart Money Right About HEICO Corporation (HEI)?

Carnival

Brookfield Asset Management

FuboTV

Kronos Bio

Shattuck Labs

Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason -- they believe the stock price will rise and they want to profit from it. So insider buying can be an encouraging signal for potential investors, particularly when markets are near all-time highs.

Last Week's Notable Insider Buys: Carnival, Citigroup And More

Lockheed Martin

Northrop Grumman

Aerojet Rocketdyne Holdings

Defense stocks have underperformed even as the order backlog of defense companies swells. Expect these four stocks to bounce back.

4 Defense Stocks Vital to National Security

BAE Systems PLC

Raytheon Technologies

TransDigm

4 Defense Equipment Stocks Worth a Look Amid Coronavirus Woes

Kennametal

Rexnord

Our theme Industrial Stocks To Play The Recovery - which includes a range of industrial companies that have strong fundamentals, but have under performed the market - is down by about -6.7% year-to-date, versus a 3.4% gain for the S&P 500.The theme has returned 45% since 2017,compared to about 25%.

Rexnord, Kennametal, Heico: Industrial Stocks Poised To Gain As The Economy Recovers

Boeing

Maxar Technologies

Virgin Galactic

Space is an emerging industry with billions of dollars of potential for investors.

Where Will the Space Economy Be in 10 Years?

Heico Will Reward Patient Shareholders

HEICO Corporation (HEI) CEO Laurans Mendelson on Q3 2020 Results - Earnings Call Transcript

Sales and earnings beat estimates but are still down severely from a year ago.

Why Heico Stock Just Dropped 5%

HEICO Corp.'s (HEI) fiscal 2020 third-quarter net sales of $386.4 million beat the Zacks Consensus Estimate by 8.4%.

HEICO (HEI) Q3 Earnings Beat Estimates, Sales Decline Y/Y

HOLLYWOOD, Fla. & MIAMI--(BUSINESS WIRE)--HEICO CORPORATION (NYSE: HEI.A) (NYSE: HEI) today reported that net income increased 4% to a record $251.7 million, or $1.83 per diluted share in the nine months of fiscal 2020, up from $242.2 million, or $1.76 per diluted share, in the first nine months of fiscal 2019.

HEICO Corporation Reports Strong Net Income and Cash Flows in the First Nine Months of Fiscal 2020

On Tuesday, August 25, Heico (NYSE: HEI) will release its latest earnings report.

A Preview Of Heico's Earnings

MIAMI & GUELPH, Ontario--(BUSINESS WIRE)--HEICO Corporation (NYSE: HEI.A) (NYSE: HEI) today announced that its Electronic Technologies Group acquired 89.99% of Connect Tech Inc. (“CTI”) for cash at closing, plus potential additional cash consideration to be paid if certain post-closing earnings levels are attained.

HEICO Corporation Acquires Niche Embedded Computing Company

MIAMI & COLUMBIA, Md.--(BUSINESS WIRE)--HEICO Corporation (NYSE: HEI.A) (NYSE: HEI) today announced that its Electronic Technologies Group acquired Intelligent Devices, Inc.

HEICO Corporation Acquires Two Preeminent Surveillance Countermeasures Companies

Triumph Group

(Some) travelers are flying on airplanes again, and Russia has a COVID-19 vaccine (maybe).

Why Boeing, Triumph Group, and Heico Stocks All Popped This Morning

BRUSSELS & FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Sabena Aerospace, a BLUEBERRY Company, and Blue Aerospace, a HEICO Company, today announced the award of the sale of the Belgian Defense C-130 aircraft fleet and associated equipment & inventory by the Belgian Defense Organization.

Sabena Aerospace and HEICO’s Blue Aerospace Subsidiary Awarded Belgian Defense Organization C-130 Fleet Contract

The COVID crisis hit Heico less than many of its peers.

Heico Shares Lost 12% in the First Half of 2020. Here's Why That's Actually Not So Bad

Allegheny Technologies

Boeing's good news is giving the entire commercial aerospace sector a lift.

Why Shares of Aerospace Suppliers Were Up Today

Good news on both the economy and COVID-19 are providing a lift to stocks.

Why Boeing and Aerospace Suppliers Are Up Today

Honeywell

Raytheon Technologies, Honeywell, and Heico are probably safer ways to play a recovery in commercial aviation.

Forget Airline Stocks, Buy Aerospace Suppliers Instead

The company's diversification is helping it hold up well in a rough market for commercial aerospace.

Why Shares of Heico Were Up in May

Axon Enterprise

Enphase Energy

KLA-Tencor

Lattice Semiconductor

ManTech

Universal Display

Semiconductors, tasers and aerospace are just three industries that technology is changing. These tech stocks are plays on those trends.

News for HEICO Stock (HEI)