HEICO Past Earnings Performance

Past criteria checks 4/6

HEICO has been growing earnings at an average annual rate of 5.7%, while the Aerospace & Defense industry saw earnings growing at 10.5% annually. Revenues have been growing at an average rate of 8.8% per year. HEICO's return on equity is 12.7%, and it has net margins of 13.1%.

Key information

5.7%

Earnings growth rate

5.0%

EPS growth rate

Aerospace & Defense Industry Growth	11.8%
Revenue growth rate	8.8%
Return on equity	12.7%
Net Margin	13.1%
Last Earnings Update	31 Jan 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

How HEICO makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

LSE:0J46 Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Jan 24	3,244	425	564
31 Oct 23	2,968	404	516
31 Jul 23	2,641	397	449
30 Apr 23	2,488	378	414
31 Jan 23	2,339	358	395
31 Oct 22	2,208	352	374
31 Jul 22	2,108	341	366
30 Apr 22	2,010	335	354
31 Jan 22	1,938	321	347
31 Oct 21	1,866	304	333
31 Jul 21	1,782	280	316
30 Apr 21	1,697	258	309
31 Jan 21	1,699	263	296
31 Oct 20	1,787	314	305
31 Jul 20	1,902	337	323
30 Apr 20	2,048	364	339
31 Jan 20	2,096	370	358
31 Oct 19	2,056	328	354
31 Jul 19	1,991	310	345
30 Apr 19	1,925	296	332
31 Jan 19	1,839	273	320
31 Oct 18	1,778	259	316
31 Jul 18	1,722	246	306
30 Apr 18	1,648	224	298
31 Jan 18	1,586	210	285
31 Oct 17	1,525	186	267
31 Jul 17	1,467	177	255
30 Apr 17	1,431	173	244
31 Jan 17	1,413	166	249
31 Oct 16	1,376	156	244
31 Jul 16	1,342	150	242
30 Apr 16	1,286	143	231
31 Jan 16	1,227	137	212
31 Oct 15	1,189	133	204
31 Jul 15	1,152	127	201
30 Apr 15	1,143	126	205
31 Jan 15	1,134	121	209
31 Oct 14	1,132	121	210
31 Jul 14	1,128	119	208
30 Apr 14	1,104	115	202
31 Jan 14	1,059	110	195
31 Oct 13	1,009	102	189
31 Jul 13	964	96	182

Quality Earnings: 0J46 has high quality earnings.

Growing Profit Margin: 0J46's current net profit margins (13.1%) are lower than last year (15.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 0J46's earnings have grown by 5.7% per year over the past 5 years.

Accelerating Growth: 0J46's earnings growth over the past year (18.9%) exceeds its 5-year average (5.7% per year).

Earnings vs Industry: 0J46 earnings growth over the past year (18.9%) exceeded the Aerospace & Defense industry -0.3%.

HEICO Past Earnings Performance

Past criteria checks 4/6

Key information

Recent past performance updates

First quarter 2024 earnings released: EPS: US$0.83 (vs US$0.68 in 1Q 2023)

HEICO Corporation to Report Q1, 2024 Results on Feb 26, 2024

Full year 2023 earnings released: EPS: US$2.94 (vs US$2.59 in FY 2022)

HEICO Corporation to Report Q4, 2023 Results on Dec 18, 2023

Third quarter 2023 earnings released: EPS: US$0.74 (vs US$0.61 in 3Q 2022)

HEICO Corporation to Report Q3, 2023 Results on Aug 28, 2023

Recent updates

First quarter 2024 earnings released: EPS: US$0.83 (vs US$0.68 in 1Q 2023)

HEICO Corporation to Report Q1, 2024 Results on Feb 26, 2024

Upcoming dividend of US$0.10 per share at 0.1% yield

Full year 2023 earnings released: EPS: US$2.94 (vs US$2.59 in FY 2022)

HEICO Corporation, Annual General Meeting, Mar 15, 2024

HEICO Corporation Declares Cash Dividend, Payable on January 19, 2024

HEICO Corporation to Report Q4, 2023 Results on Dec 18, 2023

Chairman of the Board & CEO recently sold US$4.2m worth of stock

Third quarter 2023 earnings released: EPS: US$0.74 (vs US$0.61 in 3Q 2022)

HEICO Corporation to Report Q3, 2023 Results on Aug 28, 2023

New minor risk - Shareholder dilution

HEICO Corporation (NYSE:HEI) completed the acquisition of Wencor Group, LLC from Warburg Pincus Private Equity XI, L.P. managed by Warburg Pincus LLC and Wencor's management.

Upcoming dividend of US$0.10 per share at 0.1% yield

HEICO Corporation Declares Semi-Annual Cash Dividend, Payable on July 17, 2023

Independent Director recently bought US$71k worth of stock

Second quarter 2023 earnings released: EPS: US$0.77 (vs US$0.63 in 2Q 2022)

HEICO Corporation Provides Revenue Guidance for the Year 2023

HEICO Corporation (NYSE:HEI) entered into an agreement to acquire Wencor Group, LLC from Warburg Pincus Private Equity XI, L.P. managed by Warburg Pincus LLC and Wencor's management for $2.1 billion.

HEICO Corporation (NYSE:HEI) entered into an agreement to acquire Wencor Group, LLC from Warburg Pincus Private Equity XI, L.P. managed by Warburg Pincus LLC and Wencor's management for $2.1 billion.

HEICO Corporation to Report Q2, 2023 Results on May 22, 2023

Independent Director recently sold US$3.3m worth of stock

First quarter 2023 earnings released: EPS: US$0.68 (vs US$0.64 in 1Q 2022)

HEICO Corporation to Report Q1, 2023 Results on Feb 27, 2023

Independent Director recently sold US$2.5m worth of stock

Independent Director recently bought US$218k worth of stock

HEICO Corporation (NYSE:HEI) completed the acquisition of 94% stake in Exxelia International

Insufficient new directors

Upcoming dividend of US$0.10 per share

HEICO Corporation Elects Carol F. Fine to Board of Directors, Effective December 23, 2022

Full year 2022 earnings released: EPS: US$2.59 (vs US$2.25 in FY 2021)

HEICO Corporation, Annual General Meeting, Mar 17, 2023

HEICO Corporation to Report Q4, 2022 Results on Dec 19, 2022

Insufficient new directors

Independent Director recently sold US$870k worth of stock

HEICO Corporation (NYSE:HEI) acquired 80% stake in Ironwood Electronics, Inc.

Third quarter 2022 earnings released: EPS: US$0.61 (vs US$0.57 in 3Q 2021)

HEICO Corporation to Report Q3, 2022 Results on Aug 29, 2022

HEICO Corporation(NYSE:HEI.A) dropped from Russell 1000 Dynamic Index

Second quarter 2022 earnings released: EPS: US$0.63 (vs US$0.52 in 2Q 2021)

HEICO Corporation to Report Q2, 2022 Results on May 23, 2022

Insufficient new directors

First quarter 2022 earnings: Revenues and EPS in line with analyst expectations

HEICO Corporation to Report Q1, 2022 Results on Feb 23, 2022

Independent Director recently sold US$740k worth of stock

Upcoming dividend of US$0.09 per share

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Independent Director recently sold US$54k worth of stock

Co-President & Director recently bought US$104k worth of stock

Third quarter 2021 earnings released: EPS US$0.57 (vs US$0.40 in 3Q 2020)

HEICO Corporation (NYSE:HEI) acquired 80.1% stake in Operating Assets of Camtronics LLC.

Upcoming dividend of US$0.09 per share

Second quarter 2021 earnings released: EPS US$0.52 (vs US$0.56 in 2Q 2020)

HEICO Corporation Not to Provide Earnings Guidance for Fiscal 2021

HEICO Corporation to Report Q1, 2021 Results on Feb 23, 2021

HEICO Corporation, Annual General Meeting, Mar 19, 2021

Revenue & Expenses BreakdownBeta

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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