HEICO Corporation

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Description

HEICO Corporation managed to exceed the revenue and earnings expectations of Wall Street. Consolidated operating income and net sales increased by 16% and 27%, respectively. These results primarily represent a 12% quarterly consolidated organic net sales growth and the impact of acquisitions. HEICO’s operational margins remained solid. In the quarter, The Flight Support Group’s net sales grew 23% to $405 million, up from $330.3 million in the third quarter of fiscal 2022. The Flight Support Group has already had a net sales increase for 12 consecutive quarters, and these figures do not yet include the effects their team anticipates from the Wencor acquisition, which will further transform the company as the top independent aftermarket supplier globally. In the quarter, the Electronic Technologies Group’s net sales grew 33% to $325.9 million, up from $244.2 million in the third quarter of fiscal ’22. The net sales rise is primarily due to their fiscal years ’23 and ’22 acquisitions and higher net sales of other electronics goods and commercial aviation, which are slightly offset by lower net sales of defense products compared to the prior year. Furthermore, in the quarter, HEICO disclosed the supply of mission-critical electrical parts to India’s Chandrayaan-3 spacecraft, which accomplished a soft landing on the south pole of the moon, through its companies 3D PLUS and Exxelia.

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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