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

NYSE

Website

www.heico.com

CEO

Laurans Mendelson

Incorporated

Florida

Location

Florida

Fiscal year end

Oct 31

Sector

Manufacturing > Small Arms Ammunition Manufacturing

Industry (SIC)

Aircraft Engines & Engine Parts

Raytheon Technologies • Honeywell International • Tat Technologies • SIFCO Industries ...

SEC CIK

0000046619

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

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

1M 1Y 5Y

News

From Benzinga Pro

Heico Q2 EPS $0.62 Beats $0.61 Estimate, Sales $538.80M Beat $531.43M Estimate

23 May 22

Heico (NYSE:HEI) reported quarterly earnings of $0.62 per share which beat the analyst consensus estimate of $0.61 by 1.64 percent. This is a 21.57 percent increase over earnings of $0.51 per share from the same period

Earnings Scheduled For May 23, 2022

23 May 22

Companies Reporting Before The Bell • Star Equity Hldgs (NASDAQ:STRR) is expected to report quarterly loss at $0.15 per share on revenue of $25.45 million.

Preview: Heico's Earnings

20 May 22

Heico (NYSE:HEI) is set to give its latest quarterly earnings report on Monday, 2022-05-23. Here's what investors need to know before the announcement. Analysts estimate that Heico will report an earnings per share (EPS) of $0.61.

Press releases

From Benzinga Pro

HEICO Corporation Reports Record Operating Income for the Second Quarter and First Six Months of Fiscal 2022

23 May 22

2nd Quarter of Fiscal 2022 Net Income up 20% on Record Operating Income, which Increased 27%, and Net Sales, which Increased 15%HOLLYWOOD, FL and MIAMI, FL / ACCESSWIRE / May 23, 2022 / HEICO CORPORATION (NYSE:HEI)

HEICO Corporation Announces Regular Quarterly Conference Call

11 May 22

HOLLYWOOD and MIAMI, FL / ACCESSWIRE / May 11, 2022 / On May 23, 2022, after the NYSE closing, HEICO Corporation (NYSE:HEI) (NYSE:HEI) will release its financial results for the second quarter ended April 30, 2022. The

VPT Introduces 120 Volt SGRB DC-DC Converter Featuring GaN Technology

25 Apr 22

BLACKSBURG, Va., April 25, 2022 /PRNewswire/ -- VPT, Inc. (VPT®), a HEICO company (NYSE:HEI) (NYSE:HEI), announces the availability of its 120 volt SGRB12028S DC-DC Converter. Using advanced EPC Space GaN

Calendar

25 May 22

2 Jul 22

31 Oct 22

Financial summary

Financial statements Chart HEI financial data

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

Financial data from Heico earnings reports.

Recent insider trades

HEI insider ownership history Insider history

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

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

HEI institutional ownership history Ownership history

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%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

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.