HEICO Corporation


SKU: HEI-1 Category:


HEICO Corporation delivered an all-around beat in the previous quarter, with operating income and net sales reaching unprecedented heights. The Flight Support Group and Electronic Technologies Group spearheaded this success, achieving significant net sales attributed to robust demand for commercial aerospace products and services, along with contributions from recent acquisitions in fiscal ’23 and ’22. The fourth quarter of fiscal ’23 witnessed a remarkable 29% surge in consolidated operating income and a 54% increase in net sales compared to the same period in fiscal ’22. This stellar performance primarily stems from a 14% quarterly growth in consolidated organic net sales and the impact of strategic acquisitions. The Flight Support Group achieved significant net sales of $601.7 million in the fourth quarter of fiscal year ’23, marking a 74% increase from the same period in fiscal year ’22. This growth includes contributions from Wencor, accounting for $185.7 million, coupled with a robust organic growth of 20%. The enthusiasm surrounding the Wencor acquisition is exceptional, standing out among the company’s numerous acquisitions.

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
⦁ Disclosures

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