HEICO Corporation is engaged primarily in the design, production, servicing and distribution of products and services to certain niche segments of the aviation, defense, space, medical, telecommunications and electronics industries through its Hollywood, Florida-based Flight Support Group and its Miami, Florida-based Electronic Technologies Group. HEICO's customers include a majority of the world's airlines and overhaul shops, as well as numerous defense and space contractors and military agencies worldwide, in addition to medical, telecommunications and electronics equipment manufacturers.

Company profile
Ticker
HEI, HEI.A
Exchange
Website
CEO
Laurans Mendelson
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
HEICO Aerospace Holdings Corp. • HEICO Aerospace Corporation • Jet Avion Corporation • LPI Industries Corporation • Parts Advantage, LLC • McClain International, Inc. • McClain Property Corp. • Rogers-Dierks, Inc. • Turbine Kinetics, Inc. • ATK Acquisition Corp. ...
IRS number
650341002
HEI stock data
Calendar
25 May 22
2 Jul 22
31 Oct 22
Financial summary
Quarter (USD) | Apr 22 | Jan 22 | Oct 21 | Jul 21 | |
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Diluted EPS |
Annual (USD) | Oct 21 | Oct 20 | Oct 19 | Oct 18 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Net income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 117.32M | 117.32M | 117.32M | 117.32M | 117.32M | 117.32M |
Cash burn (monthly) | 2.5M | 22.34M | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 5.25M | 46.93M | n/a | n/a | n/a | n/a |
Cash remaining | 112.07M | 70.38M | n/a | n/a | n/a | n/a |
Runway (months of cash) | 44.8 | 3.2 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
5 Apr 22 | Thomas S Irwin | Common Stock | Gift | Dispose G | No | No | 0 | 500 | 0 | 40,863 |
31 Mar 22 | Schriesheim Alan | Class A Common Stock | Sell | Dispose S | No | No | 127.3819 | 12,000 | 1.53M | 0 |
30 Mar 22 | Schriesheim Alan | Class A Common Stock | Sell | Dispose S | No | No | 126.8227 | 12,865 | 1.63M | 12,000 |
29 Mar 22 | Thomas S Irwin | Class A Common Stock | Sell | Dispose S | No | No | 125.2165 | 20,000 | 2.5M | 3,608 |
24 Mar 22 | Schriesheim Alan | Class A Common Stock | Sell | Dispose S | No | No | 125.7653 | 24,000 | 3.02M | 24,865 |
23 Mar 22 | Mendelson Laurans A | Class A Common Stock | Buy | Acquire P | No | No | 124.983 | 1,200 | 149.98K | 16,277 |
31 Jan 22 | Mendelson Laurans A | Class A Common Stock | Gift | Dispose G | Yes | No | 0 | 2,982 | 0 | 6,612 |
28 Dec 21 | Mendelson Laurans A | Class A Common Stock | Gift | Dispose G | Yes | No | 0 | 8,900 | 0 | 200,628 |
Institutional ownership, Q1 2022
13F holders | Current |
---|---|
Total holders | 547 |
Opened positions | 231 |
Closed positions | 38 |
Increased positions | 243 |
Reduced positions | 46 |
13F shares | Current |
---|---|
Total value | 18.08B |
Total shares | 110.25M |
Total puts | 89.7K |
Total calls | 148.1K |
Total put/call ratio | 0.6 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 11.54M | $1.61B |
Vanguard | 10.86M | $1.47B |
IVZ Invesco | 7.49M | $955.18M |
PFG Principal Financial Group Inc - Registered Shares | 6.56M | $832.4M |
FMR | 5.01M | $636.36M |
Vulcan Value Partners | 3.88M | $492.26M |
Capital World Investors | 3.47M | $532.4M |
STT State Street | 3.27M | $456.4M |
WCM Investment Management | 2.51M | $319.37M |
American Century Companies | 2.36M | $361.76M |
Financial report summary
?Competition
AerSaleManagement Discussion
- Our consolidated net sales in fiscal 2021 increased by 4% to $1,865.7 million, up from net sales of $1,787.0 million in fiscal 2020. The increase in consolidated net sales principally reflects an increase of $84.2 million (a 10% increase) to a record $959.2 million in net sales within the ETG and an increase of $2.3 million to $927.1 million in net sales within the FSG. The net sales increase in the ETG principally reflects $48.9 million contributed by our fiscal 2020 and 2021 acquisitions as well as organic growth of 3%. The ETG's organic growth is mainly attributable to increased demand for our other electronic and medical products resulting in net sales increases of $32.4 million and $6.3 million, respectively, partially offset by decreased demand for our commercial aerospace and space products resulting in net sales decreases of $4.7 million and $4.4 million, respectively. The net sales increase in the FSG principally reflects $21.0 million contributed by our fiscal 2021 and 2020 acquisitions, partially offset by an $18.7 million decrease in organic net sales. The FSG's organic decrease is mainly attributable to lower demand for our specialty products product line resulting in a $32.9 million decrease in net sales, partially offset by increased demand within our repair and overhaul services product line resulting in a net sales increase of $12.7 million. Sales price changes were not a significant contributing factor to the change in net sales of the ETG and FSG in fiscal 2021.
Content analysis
?Positive | ||
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Legalese | ||
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Readability |
H.S. senior Avg
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New words:
accrual, aforementioned, amendment, asset, Eurocurrency, filter, found, growing, lead, SOFR, term
Removed:
depressed, electronically, January, notably, pursuant, smaller
Financial reports
Current reports
8-K
Heico Corporation Reports Record Operating Income for the Second Quarter and First Six Months of Fiscal 2022
23 May 22
8-K
Entry into a Material Definitive Agreement
12 Apr 22
8-K
Submission of Matters to a Vote of Security Holders
21 Mar 22
8-K
Heico Corporation Reports 23% Increase In Quarterly Operating Income and 13% Quarterly Organic Net Sales Growth
23 Feb 22
8-K
Results of Operations and Financial Condition
15 Dec 21
8-K
Results of Operations and Financial Condition
24 Aug 21
8-K
Heico Corporation Reports Another Quarter of Strong Operating Cash Flow As the Commercial Aerospace Industry Continues to Recover
25 May 21
8-K
Departure of Directors or Certain Officers
24 Mar 21
8-K
Submission of Matters to a Vote of Security Holders
23 Mar 21
8-K
Second Consecutive Quarter of Sequential Improvement in Net Sales
23 Feb 21
Registration and prospectus
S-8
Registration of securities for employees
19 Mar 18
S-8 POS
Registration of securities for employees (post-effective amendment)
19 Mar 18
S-8
Registration of securities for employees
8 Mar 16
S-3ASR
Automatic shelf registration
2 May 13
S-8
Registration of securities for employees
28 Mar 12
S-8
Registration of securities for employees
28 Mar 12
S-8 POS
Registration of securities for employees (post-effective amendment)
28 Mar 12
S-3ASR
Automatic shelf registration
15 Sep 09
S-8
Registration of securities for employees
15 Sep 09
S-3/A
Shelf registration (amended)
10 May 04
Other
SD
Conflict minerals disclosure
20 May 22
SD
Conflict minerals disclosure
24 May 21
SD
Conflict minerals disclosure
29 May 20
UPLOAD
Letter from SEC
27 Oct 19
CORRESP
Correspondence with SEC
23 Oct 19
UPLOAD
Letter from SEC
15 Oct 19
SD
Conflict minerals disclosure
6 May 19
SD
Conflict minerals disclosure
24 May 18
SD
Conflict minerals disclosure
24 May 17
SD
Conflict minerals disclosure
26 May 16
Ownership
4
HEICO / THOMAS S IRWIN ownership change
6 Apr 22
4
HEICO / ALAN SCHRIESHEIM ownership change
1 Apr 22
4
HEICO / THOMAS S IRWIN ownership change
30 Mar 22
4
HEICO / ALAN SCHRIESHEIM ownership change
25 Mar 22
4
HEICO / LAURANS A MENDELSON ownership change
25 Mar 22
4
HEICO / Frank J Schwitter ownership change
22 Mar 22
SC 13G/A
HEICO / MORGAN STANLEY ownership change
10 Mar 22
SC 13G
HEICO / PRINCIPAL GLOBAL INVESTORS ownership change
14 Feb 22
SC 13G
HEICO / Vulcan Value Partners ownership change
14 Feb 22
SC 13G/A
HEICO / Capital World Investors ownership change
11 Feb 22
Patents
Utility
Monitor mounting apparatus
24 May 22
A monitor mounting apparatus for use in connection with passenger vehicles such as aircraft, trains, and buses.
Utility
Passenger seating headrest with friction assembly
8 Mar 22
The present disclosure relates to headrest assemblies for passenger vehicles.
Utility
Passenger seating foot pedestal
21 Dec 21
The present disclosure relates to foot pedestals for passenger vehicles.
Utility
Anti-icing/de-icing system and method
14 Dec 21
An anti-icing/de-icing system for an airfoil structure having multiple layers is provided and includes a thermal article, wherein the thermal article is embedded within the airfoil structure to be located between the multiple layers.
Design
Stereo connector
7 Dec 21
Inventors: Nizar Salman
Transcripts
2022 Q2
Earnings call transcript
24 May 22
2022 Q1
Earnings call transcript
24 Feb 22
2021 Q4
Earnings call transcript
16 Dec 21
2021 Q3
Earnings call transcript
25 Aug 21
2021 Q2
Earnings call transcript
26 May 21
2021 Q1
Earnings call transcript
24 Feb 21
2020 Q4
Earnings call transcript
22 Dec 20
2020 Q3
Earnings call transcript
26 Aug 20
2020 Q2
Earnings call transcript
27 May 20
2020 Q1
Earnings call transcript
26 Feb 20
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