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.

HEICO (HEI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Is a Surprise Coming for HEICO (HEI) This Earnings Season?

BLACKSBURG, Va. , Nov. 29, 2023 /PRNewswire/ -- VPT, Inc., a HEICO company (NYSE:HEI.A) (NYSE:HEI), VPT, Inc., a trusted provider of power conversion solutions for aerospace and defense, proudly announces its latest achievement of obtaining SAE AS9100 Revision D certification.

VPT, Inc. Earns AS9100D Certification

HEICO's acquisition of Wencor Group is expected to positively impact earnings, with estimated revenues of $911.8 million for Q4 2023. The consensus is that HEICO will generate $0.66 in earnings per share, marking a 5% decline. The stock is trading at an elevated EV/EBITDA multiple, but there is still potential for a 21% upside to $211.28 per share.

HEICO: Insanely Overpriced Or Extremely Underappreciated?

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Investors looking for stocks in the Aerospace - Defense Equipment sector might want to consider either Leonardo DRS, Inc. (DRS) or Heico Corporation (HEI). But which of these two stocks presents investors with the better value opportunity right now?

DRS vs. HEI: Which Stock Is the Better Value Option?

BLACKSBURG, Va. , Oct. 25, 2023 /PRNewswire/ -- VPT, Inc., a HEICO company (NYSE:HEI.A) (NYSE:HEI), celebrates its 30th Anniversary this year.

VPT, Inc. Commemorates 30th Anniversary

HEI has a strong value proposition and business model, with potential for attractive growth and expanding margins. The company operates in the aerospace industry, serving a global client base and generating recurring revenue from commercial aerospace aftermarket and defense subcomponents.

HEICO Corporation: Attractive Business Model With Attractive Financial Profile

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HEICO Corporation (NYSE:HEI ) Q3 2023 Results Conference Call August 23, 2023 9:00 AM ET Company Participants Larry Mendelson - Chairman & CEO Eric Mendelson - Co-President & Director Victor Mendelson - Co-President & Director Carlos Macau - EVP, CFO & Treasurer Conference Call Participants Peter Arment - Baird Pete Skibitski - Alembic Global Larry Solow - CJS Securities Michael Ciarmoli - Truist Securities Ken Herbert - RBC Capital Markets Sheila Kahyaoglu - Jefferies Josh Sullivan - the Benchmark Company Jack Ayers - TD Cohen Louis Raffetto - Wolfe Research Operator Welcome to the HEICO Corporation Third Quarter Fiscal 2023 Financial Results Call. My name is Samia, and I'll be today's operator.

HEICO Corporation (HEI) Q3 2023 Earnings Call Transcript

HEICO's (HEI) Q3 fiscal 2023 net sales rise 27% year over year. The metric also beats the Zacks Consensus Estimate by 3.7%.

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

HEICO Corporation reported $722.9 million in sales for fiscal Q3, beating analyst estimates by $15.9 million. Operating income grew only 16% due to higher selling, general, and administrative expenses and cost of sales. HEICO margins were somewhat disappointing, but the Flight Support Group saw its margins strengthen, while the Electronic Technologies Group faced headwinds.

HEICO Stock Tumbles: Buy The Dip?

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The company reported fiscal third-quarter sales of about $723 million. Wall Street was looking for about $702 million.

HEICO Earnings Beat Estimates. Why The Aerospace Supplier's Stock Is Falling.

The headline numbers for Heico Corporation (HEI) give insight into how the company performed in the quarter ended July 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

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

Heico Corporation (HEI) came out with quarterly earnings of $0.77 per share, beating the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.60 per share a year ago.

Heico Corporation (HEI) Beats Q3 Earnings and Revenue Estimates

HEICO (NYSE:HEI) shares fell more than 6% in after-hours trading despite reporting a revenue beat and earnings that matched expectations.   The aerospace and electronic company reported that its sales rose 27% year-over-year to $722.9 million, topping the Street estimate of $697.3 million, per Zacks Consensus Estimate.

HEICO shares fall despite 3Q sales and earnings beating estimates

Fiscal 2023 3rd Quarter Net Income up 24% on 16% Operating Income Increase, and Record Net Sales - Which Increased 27% HOLLYWOOD, FL and MIAMI, FL / ACCESSWIRE / August 28, 2023 / HEICO CORPORATION (NYSE:HEI.A)(NYSE:HEI) today reported net sales increased 27% to a record $722.9 million in the third quarter of fiscal 2023, up from $569.5 million in the third quarter of fiscal 2022. Operating income increased 16% to $149.4 million in the third quarter of fiscal 2023, up from $128.7 million in the third quarter of fiscal 2022.

HEICO Corporation Reports Record Net Sales for the Third Quarter of Fiscal 2023

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HEICO (NYSE:HEI) is likely to post a rise in revenue and earnings when it reports third-quarter results after the closing bell on Monday. The aerospace and electronics company has already guided investors for net sales growth for the remainder of 2023 in both its operating segments - Flight Support and Electronics Technologies.

HEICO set to report solid 3Q earnings despite inflation turbulence

3D PLUS AND Exxelia Design and Made Components HOLLYWOOD, FL and BUC, FRANCE / ACCESSWIRE / August 24, 2023 / HEICO Corporation (NYSE: HEI.A and HEI) today reported that two of its subsidiaries, 3D PLUS and Exxelia, supplied mission-critical electronic components on India's Chandrayaan-3 spacecraft, which successfully executed a soft landing on the Moon's South Pole yesterday. HEICO's Buc, France-based 3D PLUS designed and produced sophisticated EEPROM (Electrically Erasable Programmable Read-Only Memory) and SDRAM (Synchronous Dynamic Random-Access Memory) Modules used on the spacecraft.

Two HEICO Subsidiaries Supply Mission-Critical Parts on India's Chandrayaan Spacecraft

BLACKSBURG, Va. , Aug. 17, 2023 /PRNewswire/ -- VPT, Inc. (VPT®), a HEICO company (NYSE:HEI.A) (NYSE:HEI), announces the availability of its SVLFL5000 Series of space-qualified DC-DC converters.

VPT Announces Release of SVLFL5000 Series of Space-Qualified DC-DC Converters

HOLLYWOOD, FL and PEACHTREE CITY, GA / ACCESSWIRE / August 4, 2023 / HEICO Corporation (NYSE:HEI.A and HEI) today announced that it has completed its previously announced acquisition of 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 Stock[1] paid at closing, or $2.05 billion in the aggregate. The transaction is HEICO's largest ever in purchase price, as well as revenues and income acquired.

HEICO Corporation Completes Wencor Group Acquisition

HONOLULU--(BUSINESS WIRE)--HEI Declares Quarterly Dividend of $0.36 Per Share.

HEI Declares Quarterly Dividend of $0.36 Per Share

HOLLYWOOD, FL / ACCESSWIRE / July 27, 2023 / HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) today announced that it closed an offering of $600 million in aggregate principal amount of 5.250% Senior Notes due 2028 (the "2028 Notes") and $600 million in aggregate principal amount of 5.350% Senior Notes due 2033 (the "2033 Notes", and together with the 2028 Notes, the "Notes"). HEICO intends to use the net proceeds from the sale of the Notes to fund a portion of the purchase price for the acquisition of Wencor Group (the "Wencor Acquisition"), including related fees and expenses, and, use any remaining amounts, for general corporate purposes.

HEICO Corporation Closes $1.2 Billion Investment Grade Senior Notes Offering

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News for HEICO Stock (HEI)