Heico Q2 2022 Earnings Report
Key Takeaways
HEICO Corporation reported a 20% increase in net income to $85.0 million, or $.62 per diluted share, in the second quarter of fiscal 2022. Net sales increased 15% to $538.8 million, and operating income increased 27% to a record $122.8 million.
Net income increased by 20% to $85.0 million, or $.62 per diluted share.
Net sales increased by 15% to $538.8 million.
Operating income increased by 27% to a record $122.8 million.
The company's consolidated operating margin improved to 22.8%.
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Heico Revenue by Segment
Forward Guidance
HEICO expects global commercial air travel to continue growing despite the potential for additional COVID-19 global pandemic variants but feels it would not be responsible to provide fiscal 2022 net sales and earnings guidance at this time.
Positive Outlook
- Ongoing worldwide rollout of Pandemic vaccines, including boosters, will continue to positively influence global commercial air travel and benefit the markets we serve.
- Ongoing conservative policies
- Strong balance sheet
- High degree of liquidity enable us to continuously invest in new research and development
- Execute on our successful acquisition program, which collectively position HEICO for market share gains
Challenges Ahead
- Potential for additional COVID-19 global pandemic variants.
- It still remains very difficult to predict the Pandemic's path and effect, including factors like new variants and vaccination rates
- Potential supply chain disruptions
- Inflation
- All of which can impact our key markets
Revenue & Expenses
Visualization of income flow from segment revenue to net income