earnings
confidence high
sentiment positive
materiality 0.80
HEICO Q4 net income up 38%, EPS $0.62; organic sales grow 16%; no FY2022 guidance
HEICO CORP
2021-FY EPS reported
$2.21
revenue$1,865,682,000
- Net income $86.1M ($0.62 diluted EPS), up 38%; net sales $509.4M, up 20% YoY.
- Flight Support Group Q4 op income +126%, sales +34% (organic +28%); 5th sequential quarterly growth.
- Electronic Technologies Group record Q4 sales $253.0M, op income $76.9M; operating margin 30.4%.
- Full year net income $304.2M ($2.21 EPS), sales $1,865.7M, op income $392.9M, all up 4%.
- Net debt/equity ratio improved to 5.6%; completed six acquisitions in FY2021; no FY2022 guidance given.