Buffett Favorite Heico Stock Sinks as Electronic Technologies Sales Slip

Group 1 - Heico set records for revenue, net income, and operating income in the fourth quarter, with revenue rising 8% to a record $1.01 billion, but overall sales missed estimates of $1.04 billion, leading to a decline in shares [1] - Net income reached $139.7 million and operating income was $218.6 million, both all-time highs, while earnings per share (EPS) came in at $0.99, exceeding estimates [1] - Sales at the Electronic Technologies Group fell 2% to $336.2 million, attributed to lower defense product sales and slightly lower sales of other electronics products [1] Group 2 - The Flight Support Group experienced a revenue increase of 15% to $691.8 million, driven by higher sales of aftermarket replacement parts and contributions from recent acquisitions [1] - Berkshire Hathaway, led by Warren Buffett, purchased 1.04 million shares of Heico in the second quarter, valued at $185.4 million, and increased its stake to over $200 million in the third quarter [2] - Despite an 8% drop in shares on a specific Wednesday, Heico's stock is up approximately 33% year-to-date [2]