earnings
confidence high
sentiment positive
materiality 0.85
HEICO reports record Q4 net income $139.7M (+35%); FY net sales $3.86B (+30%)
HEICO CORP
2024-FY EPS reported
$3.67
revenue$3,857,669,000
- Q4 record net sales $1,013.7M (+8% YoY), operating income $218.6M (+15%), margin 21.6% vs 20.2%.
- Flight Support Group Q4 sales $691.8M (+15%), op. inc. $154.5M (+35%) with 12% organic growth; 17th consecutive quarterly sales growth.
- Electronic Technologies Q4 sales $336.2M (flat), op. inc. $81.8M (-5%) on lower defense sales; record backlog lifts FY2025 outlook.
- Cash from ops $205.6M (+39%); total debt/net income ratio improved to 4.34x from 6.14x; semiannual dividend $0.11 declared.