Heico Corp (N:HEI)

Business Focus: Aircraft Parts Manufacturing

Sector:  Industrials Industry:  Aerospace & Defense
 
See Regulatory Filings on SEC
Company Contact
Address: 3000 Taft St
HOLLYWOOD FL 33021
Tel: N/A
Website: https://www.heico.com
IR: See website
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Key People
Laurans A. Mendelson
Chairman of the Board, Chief Executive Officer
Eric A. Mendelson
Co-President and Director; President and Chief Executive Officer of the HEICO Flight Support Group
Victor H. Mendelson
Co-President and Director; President and Chief Executive Officer of the HEICO Electronic Technologies Group
Carlos L. Macau
Chief Financial Officer, Executive Vice President, Treasurer
Thomas S. Irwin
Senior Executive Vice President
Steven M. Walker
Chief Accounting Officer, Assistant Treasurer
Business Overview
HEICO Corporation manufactures Federal Aviation Administration (FAA)-approved jet engine and aircraft component replacement parts, other than the original equipment manufacturers (OEMs) and their subcontractors. The Company also manufactures various types of electronic equipment for the aviation, medical, telecommunications and electronics industries. It operates through two segments: Flight Support Group (FSG) and Electronic Technologies Group (ETG). The FSG segment consists of HEICO Aerospace Holdings Corp. and HEICO Flight Support Corp. and their collective subsidiaries. The FSG segment designs and manufactures jet engine and aircraft component replacement parts. The ETG segment consists of HEICO Electronic Technologies Corp. and its subsidiaries. The ETG segment designs and produces mission-critical subcomponents for various markets, which are utilized in larger systems, including targeting, tracking, identification, testing, communications, telecom and computer systems.
Financial Overview
For the six months ended 30 April 2019, Heico Corp revenues increased 18% to $981.8M. Net income before extraordinary items increased 43% to $161.1M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Electronic Technologies Group (ETG) segment income increase of 30% to $119M, Flight Support Group (FSG) segment income increase of 18% to $115M, Other.
Employees: 5,400 as of Oct 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $16,588M as of Apr 30, 2019
Annual revenue (TTM): $1,925M as of Apr 30, 2019
EBITDA (TTM): $501.90M as of Apr 30, 2019
Net annual income (TTM): $295.38M as of Apr 30, 2019
Free cash flow (TTM): $361.06M as of Apr 30, 2019
Net Debt Last Fiscal Year: $492.29M as of Apr 30, 2019
Shares outstanding: 133,833,627 as of May 28, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization