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Heico Corp. (HEI)
NYSE:HEI
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
$0.94Last Year’s EPS
$0.82Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 17, 2024
|% Change Since: -7.41%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance with record operating income, net sales, and cash flow, driven by organic growth and successful acquisitions. However, challenges in the Electronic Technologies Group due to inventory destocking and sales declines were noted. The overall sentiment is optimistic with expectations for continued growth.Company Guidance
During the HEICO Corporation Q4 2024 earnings call, executives reported record results, with consolidated operating income and net sales increasing by 15% and 8%, respectively, compared to Q4 2023. Consolidated net income rose 35% to a record $139.7 million, or $0.99 per diluted share, up from $103.4 million, or $0.74 per diluted share, in the previous year. The Flight Support Group achieved all-time quarterly net sales and operating income records, with sales improving 15% and income increasing 35% year-over-year, driven by 12% organic growth and contributions from recent acquisitions. The company's net debt-to-EBITDA ratio decreased to 2.06x, down from 3.04x a year ago, reflecting strong cash generation and acquisition integration. HEICO's acquisition pipeline remains robust, targeting further expansions in both the Flight Support and Electronic Technologies segments, with recent strategic acquisitions expected to be accretive to earnings.Record Operating Results
Consolidated operating income and net sales improved by 15% and 8%, respectively, compared to Q4 2023. Consolidated net income increased by 35% to a record $139.7 million.
Flight Support Group Achievements
Net sales and operating income increased by 15% and 35%, respectively, over Q4 2023, with 12% organic growth.
Strong Cash Flow
Cash flow from operating activities increased by 39% to $205.6 million in Q4 2024.
Successful Acquisitions
Several strategic acquisitions were made, including SVM Private Limited and Mid-Continent Controls, expected to be accretive to earnings within the year.
Dividend Declaration
The Board of Directors declared an $0.11 per share cash dividend, marking the 93rd consecutive dividend.
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HEI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HEI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 17, 2024 | $259.80 | $237.24 | -8.68% |
| Aug 26, 2024 | $245.90 | $247.39 | +0.61% |
| May 28, 2024 | $211.94 | $212.96 | +0.48% |
| Feb 26, 2024 | $199.07 | $198.88 | -0.10% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Heico Corp. (HEI) report earnings?
Heico Corp. (HEI) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Heico Corp. (HEI) earnings time?
Heico Corp. (HEI) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HEI EPS forecast?
HEI EPS forecast for the fiscal quarter 2025 (Q1) is $0.94.
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