Heico reports Q4 EPS 99c, consensus 98c

Reports Q4 revenue $1.01B, consensus $1.03B. The company states: “Our commercial aerospace sales growth has resulted in seventeen consecutive quarters of sequential growth in net sales at the Flight Support Group. The Company incurred acquisition costs during the fourth quarter of fiscal 2023 related to the Wencor Group acquisition, which decreased net income attributable to HEICO (HEI) by approximately $13.6 million, or $.10 per diluted share.” Laurans Mendelson, CEO, , commented on the company’s fourth quarter results stating, “We are proud to announce record consolidated net sales and operating income for the fourth quarter and full fiscal year of fiscal 2024, principally driven by exceptional operating performance at the Flight Support Group and notable contributions from our fiscal 2023 and 2024 acquisitions. Furthermore, these results reflect improved demand across all of the Flight Support Group’s product lines resulting in strong 12% organic net sales growth for that operating segment.”