Wall Street expects a year-over-year increase in earnings on higher revenues when Heico Corporation (HEI) reports results for the quarter ended April 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 28. ...

HAKINMHAN In November 2023, I covered HEICO (NYSE:HEI), maintaining my buy rating with a $211.28 price target. HEI stock is currently trading at $211.36, meaning that it hit my price target. That is why I am revisiting the stock to assess whether there is additional upside for the stock, or whether this is the time to change my rating. HEICO Corp. Stock Price Shows Strength Data by YCharts HEICO has a 10-year stock price development that looks impressive, gaining 650% while the S&P 500 gained 172.6%. So ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Heico Corporation (HEI) . This company, which is in the Zacks Aerospace - Defense Equipment industry, shows potential for another earnings beat.This company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quart ...

BLACKSBURG, Va., May 1, 2024 /PRNewswire/ -- VPT, Inc., a HEICO company (NYSE:HEI.A) (NYSE: HEI), announces the release of its first DC-DC power supply with extremely quiet and low noise outputs (<0.25 mV), designed specifically for noise-sensitive RF space applications, the SLNP17-100CQ. Through a multi-stage approach, this converter demonstrates an exceptional rejection of noise for both conducted emissions and conducted susceptibility. This quad-output solution equipped with an integrated EMI filter, de ...

BLACKSBURG, Va., March 13, 2024 /PRNewswire/ -- VPT, Inc., a HEICO company (NYSE:HEI.A) (NYSE: HEI), announces the release of the first-ever configurable box solution featuring state-of-the-art GaN technology: the SGRBX. Housing up to four award-winning SGRB DC-DC converter slices within its framework, the SGRBX delivers up to 1600 watts of output power. Utilizing the SGRB's advanced fixed frequency, reduced voltage switching topology, the SGRBX has extremely low input and output noise. In addition, the SGR ...

HEICO Corporation’s (HEI) first-quarter fiscal 2024 earnings per share (EPS) of 82 cents beat the Zacks Consensus Estimate of 73 cents by 12.3%. The bottom line also improved 22.4% from the prior-year quarter’s 67 cents.Total SalesThe company’s net sales increased 44.4% year over year to $896.4 million in the reported quarter. Total sales also beat the Zacks Consensus Estimate of $875 million by 2.4%.The year-over-year upside was driven by increased sales volume from both the Flight Support Group and Electr ...

Financial Data and Key Metrics - The Flight Support Group's operating income increased 63% to a record $136 million in Q1 FY24, up from $83.6 million in Q1 FY23 [4] - The Flight Support Group's operating margin was 22% in Q1 FY24, compared to 22.5% in Q1 FY23 [4] - The Flight Support Group's operating margin before intangible amortization expense was 24.8% in Q1 FY24 versus 24.3% in Q1 FY23 [4] - The Electronic Technologies Group's operating income was $55.3 million in Q1 FY24, compared to $56.5 million in Q1 FY23 [133] - The ETG's operating margin was 19.3% in Q1 FY24, compared to 22.2% in Q1 FY23 [149] - Consolidated net income increased 23% to $114.7 million or $0.82 per diluted share in Q1 FY24, up from $93 million or $0.67 per diluted share in Q1 FY23 [157] Business Line Data and Key Metrics - The Flight Support Group's net sales increased 67% to a record $618.7 million in Q1 FY24, up from $371.3 million in Q1 FY23 [120] - The net sales increase in Q1 FY24 reflects the impact from the Wencor acquisition and 12% organic growth, mainly from aftermarket replacement parts and repair and overhaul parts and services [120] - The Electronic Technologies Group's net sales increased 12% to $285.9 million in Q1 FY24, up from $255.1 million in Q1 FY23, driven by aerospace products and fiscal '23 acquisitions [137] Market Data and Key Metrics - The company expects strong net sales and earnings growth for the remainder of FY24, driven by contributions from recent acquisitions and demand for the majority of its products [121] - The company anticipates future ETG quarters to be materially stronger than Q1, supported by a near-record backlog and new product R&D activities [133] Company Strategy and Industry Competition - The company continues to focus on developing new products and services, maintaining financial strength, and flexibility [121] - The Wencor acquisition has been exceeding expectations, with strong performance in business, people, and strategy, particularly in the e-commerce area [9] - The company is exploring revenue synergies between HEICO and Wencor, particularly in the PMA parts market, where HEICO's sales per part are about 4x greater than Wencor's [42] Management Commentary on Operating Environment and Future Outlook - The company is optimistic about the future, with end markets being very healthy and FY24 looking to be another great year [43] - The company expects to achieve 15% to 20% annual compounded net income growth, a target it has consistently met over the past 30 to 33 years [134] - The company is confident in its ability to continue growing market share and adjusting pricing to reflect increased costs, while maintaining strong customer relationships [108] Other Important Information - The company's net debt-to-EBITDA was 2.79x as of January 31, 2024, down from 3.0x as of August 31, 2023 [115] - The company paid a regular semi-annual cash dividend of $0.10 per share in January 2024, marking its 91st consecutive semi-annual cash dividend since 1979 [158] Q&A Session Summary Question: Update on Wencor acquisition performance and synergies - The Wencor acquisition has exceeded expectations, with strong performance in business, people, and strategy, particularly in the e-commerce area [9] - The company is exploring revenue synergies between HEICO and Wencor, particularly in the PMA parts market, where HEICO's sales per part are about 4x greater than Wencor's [42] Question: Outlook on FSG margins for the rest of the year - The company expects FSG margins to be between 21% and 22% for the year, with Q1 being the low point and margins expected to improve in subsequent quarters [107] Question: Impact of Boeing's challenges on FSG Specialty Products growth - Boeing's challenges have impacted the growth of FSG Specialty Products, but the company remains bullish on the future, particularly in defense and space programs [147] Question: R&D trends and investment areas - R&D investment increased by about 25% in Q1 FY24, driven by broad-based demand for next-generation products and customer needs [99] Question: Supply chain and labor market challenges - The supply chain has improved but is not yet back to normal, while the labor market remains challenging, impacting the company's ability to hire qualified personnel [12] Question: Pricing strategy and market share gains - The company is focused on both adjusting pricing to reflect increased costs and growing market share, with a strategy to pass along cost increases while maintaining customer relationships [108]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to _______ Commission File Number: 001-04604 HEICO CORPORATION (Exact name of registrant as specified in its charter) Florida 65-0341002 (State or other jurisdi ...

For the quarter ended January 2024, Heico Corporation (HEI) reported revenue of $896.36 million, up 44.4% over the same period last year. EPS came in at $0.82, compared to $0.67 in the year-ago quarter. The reported revenue represents a surprise of +2.40% over the Zacks Consensus Estimate of $875.38 million. With the consensus EPS estimate being $0.73, the EPS surprise was +12.33%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to de ...

Heico Corporation (HEI) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.67 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.33%. A quarter ago, it was expected that this company would post earnings of $0.70 per share when it actually produced earnings of $0.84, delivering a surprise of 20%.Over the last four quarters, the company ha ...