HEICO Corporation


SKU: HEI Category:


This is our first report on aerospace and defense player, HEICO Corporation. The company delivered outstanding results for the most recent quarter with operating income and net sales for the Flight Support Group reporting quarterly increases of 87% and 33%, respectively, compared to the second quarter of fiscal 2022. The company’s commercial aerospace parts and services experienced strong quarterly organic growth of 31%. The Flight Support Group has also experienced sequential growth in operating income and net sales for the seventh consecutive quarter which is a positive sign. The company has seen an improved gross profit margin brought on by the higher net sales volume across all product lines. The management also announced the acquisitions of Flight Microwave Corporation and Pioneer Industries. We believe these acquisitions will help the company to generate decent revenue synergies in the long term. We initiate coverage on HEICO with a ‘Hold’ rating.

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

Want unlimited access to our reports? Purchase our $99 annual subscription!