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Heico (HEI)

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
SEC CIK
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
Quarter (USD) Apr 22 Jan 22 Oct 21 Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Oct 21 Oct 20 Oct 19 Oct 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
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

Beta Read what these cash burn values mean

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
13F holders Current Prev Q Change
Total holders 547 354 +54.5%
Opened positions 231 59 +291.5%
Closed positions 38 21 +81.0%
Increased positions 243 131 +85.5%
Reduced positions 46 101 -54.5%
13F shares Current Prev Q Change
Total value 18.08B 10.91B +65.7%
Total shares 110.25M 70.22M +57.0%
Total puts 89.7K 0 NEW
Total calls 148.1K 2.6K +5596.2%
Total put/call ratio 0.6
Largest owners Shares Value Change
BLK Blackrock 11.54M $1.61B +159.3%
Vanguard 10.86M $1.47B +46.2%
IVZ Invesco 7.49M $955.18M +12175.3%
PFG Principal Financial Group Inc - Registered Shares 6.56M $832.4M +33.9%
FMR 5.01M $636.36M -2.7%
Vulcan Value Partners 3.88M $492.26M -9.5%
Capital World Investors 3.47M $532.4M -0.4%
STT State Street 3.27M $456.4M +96.2%
WCM Investment Management 2.51M $319.37M +3.8%
American Century Companies 2.36M $361.76M +17386.5%
Largest transactions Shares Bought/sold Change
IVZ Invesco 7.49M +7.42M +12175.3%
BLK Blackrock 11.54M +7.09M +159.3%
MS Morgan Stanley 498.59K -3.72M -88.2%
Vanguard 10.86M +3.43M +46.2%
American Century Companies 2.36M +2.34M +17386.5%
PFG Principal Financial Group Inc - Registered Shares 6.56M +1.66M +33.9%
STT State Street 3.27M +1.6M +96.2%
Riverbridge Partners 1.28M +1.28M NEW
Lazard Asset Management 1.14M +1.14M NEW
CS Credit Suisse 901.24K +813.3K +924.8%

Financial report summary

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Competition
AerSale
Management 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

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Readability
H.S. senior Avg
New words: accrual, aforementioned, amendment, asset, Eurocurrency, filter, found, growing, lead, SOFR, term
Removed: depressed, electronically, January, notably, pursuant, smaller