earnings
confidence high
sentiment positive
materiality 0.80
HEICO Q1 net income up 23% to $86.9M; Flight Support operating income +103%
HEICO CORP
2022-Q1 EPS reported
$0.63
revenue$490,343,000
- Diluted EPS $0.63 vs $0.51 YoY; net sales $490.3M, +17%.
- Flight Support Group net sales $272.7M (+37%), operating income $52.4M (+103%), margin 19.2%.
- Electronic Technologies Group net sales $222.3M (-1%), operating income $55.6M (-7%), margin 25.0%.
- Consolidated operating margin improved to 20.2% from 19.2%; EBITDA $122.3M (+18%).
- Organic net sales grew 13% overall; no fiscal 2022 guidance provided due to pandemic uncertainty.