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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%.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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