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Jul 31, 2021
Heico Q3 2021 Earnings Report
Net income increased due to operating income and net sales increase.
Key Takeaways
HEICO Corporation reported a 42% increase in net income to $76.9 million, or $.56 per diluted share, in the third quarter of fiscal 2021. Net sales increased 22% to $471.7 million, and operating income increased 47% to $100.8 million. The company's consolidated operating margin increased to 21.4%.
Net income increased 42% to $76.9 million, or $.56 per diluted share.
Net sales increased 22% to $471.7 million.
Operating income increased 47% to $100.8 million.
Consolidated operating margin increased to 21.4%.
Heico
Heico
Heico Revenue by Segment
Revenue by Segment
Flight Support Group Revenue
CapyFin.comElectronic Tech Group Revenue
CapyFin.com Forward Guidance
HEICO did not provide fiscal 2021 net sales and earnings guidance at this time.
Positive Outlook
- Ongoing conservative policies
- Strong balance sheet
- High degree of liquidity
- Invest in new research and development
- Execute on successful acquisition program
Challenges Ahead
- Difficult to predict the Pandemic’s path and effect
- Factors like vaccination rates
- Factors like new variants
- Impact on key markets
- No fiscal 2021 net sales and earnings guidance
Revenue & Expenses
Visualization of income flow from segment revenue to net income