earnings
confidence high
sentiment positive
materiality 0.85
HEICO Q2 net income up 20% to $85M; record operating income of $122.8M
HEICO CORP
2022-Q2 EPS reported
$1.25
revenue$1,029,156,000
- Diluted EPS $0.62, up from $0.51; net sales $538.8M, +15% YoY.
- Flight Support Group net sales +33% to $306.3M; operating income +87% to record $66.2M.
- Electronic Technologies Group net sales $237.4M (-2.3% YoY); operating income $66.0M (-7.4%).
- Consolidated operating margin improved to 22.8% from 20.7%; EBITDA $146.6M.
- Net debt to EBITDA ratio 0.28x; no significant maturities until fiscal 2025.