HEICO CORPORATION Reports Record Earnings for Q3 of Fiscal Year 2023

September 6, 2023

🌥️Earnings Overview

HEICO ($NYSE:HEI) Corporation reported total revenue of USD 722.9 million and net income of USD 102.0 million for its Q3 of Fiscal Year 2023, ending July 31, 2023. This marks a year-over-year increase of 26.9% and 23.6% in revenue and net income, respectively.

Price History

HEICO stock opened at $166.6 and closed at $167.8, up by 0.9% from its prior closing price of $166.4. This marks the company’s highest closing price ever and is indicative of strong investor confidence in HEICO’s future growth. These results demonstrate HEICO’s strong financial performance and its ability to remain competitive in the aerospace and defense industry. Over the past year, the company has made strategic investments in new technologies and products, which have enabled it to maintain its competitive edge in the industry and drive growth.

As a result of its impressive earnings report, HEICO CORPORATION is now well positioned to continue its successful track record of growth in the coming quarters. With its strong financial performance and commitment to innovation, HEICO CORPORATION is sure to remain a leader in the aerospace and defense industry for years to come. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Heico Corporation. More…

    Total Revenues Net Income Net Margin
    2.64k 397.37 15.0%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Heico Corporation. More…

    Operations Investing Financing
    444.3 -746.67 860.34
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Heico Corporation. More…

    Total Assets Total Liabilities Book Value Per Share
    5.45k 2.15k 21.42
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Heico Corporation are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    11.6% 12.6% 22.1%
    FCF Margin ROE ROA
    15.2% 12.6% 6.7%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    As GoodWhale has been analyzing HEICO CORPORATION‘s financials, we have come to the conclusion that they are classified as a ‘gorilla’ company. This means that HEICO CORPORATION has achieved stable and high revenue or earning growth due to a strong competitive advantage. Investors who may be interested in such a company typically tend to focus on dividend, growth, profitability, and assets. We also rate HEICO CORPORATION with a high health score of 9/10, which is based on their cashflows and debt. This score implies that HEICO CORPORATION is in a strong financial position and is able to safely ride out any crisis without the risk of bankruptcy. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Summary

    HEICO CORPORATION had a strong third quarter of Fiscal Year 2023 with total revenue increasing by 26.9% year-over-year to USD 722.9 million and net income increasing by 23.6% to USD 102.0 million. This is an encouraging sign for investors as the company is showing consistent growth in revenue and earnings. The company has managed to stay profitable despite the current market volatility, making it an attractive investment option for those looking for stable returns.

    Additionally, the company has a solid track record of increasing dividends, which makes it an attractive option for income investors. With solid financials and steady growth, HEICO CORPORATION is a promising option for investing in the long term.

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