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
Tel: N/A
Website: https://www.heico.com
IR: See website
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 three months ended 31 January 2019, Heico Corp revenues increased 15% to $466.1M. Net income before extraordinary items increased 49% to $79.3M. Revenues reflect Flight Support Group (FSG) segment increase of 13% to $287.2M, Electronic Technologies Group (ETG) segment increase of 18% to $184.4M. Net income benefited from Electronic Technologies Group (ETG) segment income increase of 19% to $51.6M.
Employees: 5,400 as of Oct 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $12,738M as of Jan 31, 2019
Annual revenue (TTM): $1,839M as of Jan 31, 2019
EBITDA (TTM): $472.84M as of Jan 31, 2019
Net annual income (TTM): $273.21M as of Jan 31, 2019
Free cash flow (TTM): $268.67M as of Jan 31, 2019
Net Debt Last Fiscal Year: $550.67M as of Jan 31, 2019
Shares outstanding: 132,967,534 as of Feb 26, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization