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Heico Corp. (HEI)
NYSE:HEI
Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.94Last Year’s EPS
0.82Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: 16.37%
|Next Earnings Date:Jun 03, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a very positive performance for HEICO, with record financial metrics, strong growth in both major business segments, and a significant increase in cash flow. The company also successfully completed strategic acquisitions to enhance its capabilities. While there were some challenges related to supply chain issues and amortization impacts, the overall sentiment was very optimistic about the company's future prospects.Company Guidance
During the HEICO Corporation First Quarter 2025 Financial Results Call, the company reported record-breaking results across several key financial metrics. Consolidated operating income and net sales surged by 26% and 15%, respectively, compared to the same period in 2024. Net income rose by 46% to $168 million, translating to $1.20 per diluted share, up from $114.7 million or $0.82 per diluted share in 2024. The Flight Support Group achieved all-time high quarterly operating income and net sales, increasing by 22% and 15%, respectively, driven by a 13% organic net sales growth. The Electronic Technologies Group also saw increases of 38% in operating income and 16% in net sales, with an 11% organic sales growth. Cash flow from operating activities soared by 82% to $203 million, and consolidated EBITDA climbed 22% to $273.9 million. The company's net debt-to-EBITDA ratio stood at 2.08 times as of January 31, 2025. Additionally, HEICO highlighted a robust pipeline for acquisition opportunities, having completed several key acquisitions in the first quarter, which are expected to be accretive to earnings within a year.Record Net Sales and Income Growth
HEICO reported record net sales and operating income for Q1 FY2025, with a 15% increase in net sales and a 26% increase in operating income compared to Q1 FY2024. Consolidated net income increased by 46% to $168 million.
Strong Performance in Flight Support Group
The Flight Support Group set all-time quarterly records with net sales increasing by 15% and operating income by 22%. Organic net sales growth was 13%, driven by increased demand for aftermarket replacement parts and services.
Electronic Technologies Group Growth
The Electronic Technologies Group reported a 16% increase in net sales and a 38% increase in operating income. The growth was supported by an 11% increase in organic net sales, primarily from defense, space, and aerospace products.
Significant Cash Flow Increase
Cash flow from operating activities increased by 82% to $203 million in Q1 FY2025.
Successful Acquisitions
HEICO completed several key acquisitions, including a 70% stake in SVM Limited and a 90% interest in Millennium International, enhancing its capabilities in electronic components and avionics repair.
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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 |
|---|---|---|---|
| Feb 26, 2025 | $227.45 | $259.02 | +13.88% |
| Dec 17, 2024 | $259.68 | $237.13 | -8.68% |
| Aug 26, 2024 | $245.78 | $247.28 | +0.61% |
| May 28, 2024 | $211.85 | $212.86 | +0.48% |
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 Feb 26, 2025, TBA Not Confirmed.
What is Heico Corp. (HEI) earnings time?
Heico Corp. (HEI) earnings time is at Feb 26, 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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