Heico had another successful quarter and managed an all-around beat driven by record performance within the Flight Support Group. This was a result of the ongoing recovery in demand for its commercial aircraft goods and services. The Flight Support Group’s operating income and net sales have increased sequentially. The continuous growth of the company’s enterprises throughout the 2022 fiscal has been good and the outlook for 2023 is positive. Heico’s ETG Group finalized the acquisition of TRAD Tests & Radiations, a pioneer in the extremely specialized field of radiation engineering. Their products and services are largely employed in space, nuclear, and medicine. The company also acquired Ironwood Electronics. These acquisitions are anticipated to increase Heico’s earnings per share for the coming quarters. We continue to maintain our ‘Hold’ rating on Heico with a revised target price.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
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