HEI Stock Recent News

HEICO Corporation (NYSE:HEI ) Q3 2024 Earnings Conference Call August 27, 2024 9:00 AM ET Company Participants Laurans Mendelson - Chairman & CEO Eric Mendelson - Co-President & President of Flight Support Group Victor Mendelson - Co-President & President of Electronic Technologies Group Carlos Macau - EVP & CFO Conference Call Participants Robert Spingarn - Melius Research Bert Subin - Stifel Larry Solow - CJS Securities Peter Arment - Baird David Strauss - Barclays Pete Skibitski - Alembic Global Louis Raffetto - Wolfe Research Kenneth Herbert - RBC Capital Markets Sheila Kahyaoglu - Jefferies Michael Ciarmoli - Truist Securities Gautam Khanna - TD Cowen Tony Bancroft - Gabelli Funds Operator Welcome to the HEICO Corporation Third Quarter 2024 Financial Results Call. My name is Samara, and I will be your operator for today's call.

HEI's third-quarter fiscal 2024 earnings and revenues top the Zacks Consensus Estimate, driven by solid sales volumes from the Flight Support Group segment.

Heico missed quarterly revenue expectations, and earnings were boosted by the tax rate. The company's aerospace business is strong, but other electronics are seeing sluggish growth.

Heico Corporation (HEI) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.77 per share a year ago.

While the top- and bottom-line numbers for Heico (HEI) give a sense of how the business performed in the quarter ended July 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Investors interested in Aerospace - Defense Equipment stocks are likely familiar with Bae Systems PLC (BAESY) and Heico Corporation (HEI). But which of these two companies is the best option for those looking for undervalued stocks?

HEICO (HEI) has acquired the Aerial Delivery and Descent Devices divisions of Capewell Aerial Systems, which will expand the company's operations and boost its earnings.

HEICO Corporation HEI is set to release earnings results for its third quarter, after the closing bell on Monday, Aug. 26.

Besides Wall Street's top -and-bottom-line estimates for Heico (HEI), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended July 2024.

SOUTH WINDSOR, CT and MIAMI, FL / ACCESSWIRE / August 22, 2024 / HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) today announced its Flight Support Group has acquired the Aerial Delivery and Descent Devices divisions of Capewell Aerial Systems ("Capewell") for cash at closing. Additional financial details were not disclosed.