earnings
confidence high
sentiment positive
materiality 0.80
HEICO Q3 net income up 42% to $76.9M; sales +22% as commercial aerospace recovers
HEICO CORP
2021-Q3 EPS reported
$1.58
revenue$1,356,260,000
- Diluted EPS of $0.56 vs $0.40 YoY; operating income +47% to $100.8M.
- Flight Support Group net sales +33% to $237.1M; operating income +250% to $42.1M.
- Electronic Technologies Group net sales +14% to $239.5M; operating income +11% to $69.0M.
- Operating cash flow +33% to $124M; net debt/EBITDA improved to 0.25x.
- Completed acquisitions of Ridge Engineering and Bechdon (89% stakes); expected accretive within 12 months.