HEICO Corp NYSE: HEI
Industrials : Aerospace & Defense | Mid Cap GrowthCompany profile
HEICO Corporation is a manufacturer of jet engine and aircraft component replacement parts. The Company operates through two segments: Flight Support Group (FSG) and Electronic Technologies Group (ETG). The FSG segment consists of HEICO Aerospace Holdings Corp. and HEICO Flight Support Corp. and their subsidiaries. The FSG segment designs and manufactures jet engine and aircraft component replacement parts. In addition, the FSG segment repairs, overhauls and distributes jet engine and aircraft components, avionics and instruments for domestic and foreign commercial air carriers and aircraft repair companies, as well as military and business aircraft operators. The ETG segment consists of HEICO Electronic Technologies Corp. and its subsidiaries. ETG segment designs, manufactures and sells various types of electronic, data and microwave, and electro-optical products, including infrared simulation and test equipment, laser rangefinder receivers and electrical power supplies.
News: $HEI The 12 Best-Performing Industrial Stocks of the Decade
It's almost the end of the decade, which makes it an apt time to reflect on which investment themes and stocks performed best over the last 10 years, and to ponder which ones might do best over the next 10. The 2010s didn't just mark a calendar decade. It's been almost precisely a decade since ...
In case you are interested HEI - The 12 Best-Performing Industrial Stocks of the Decade
Just add 4/5 of the number of shares you'd like to have after the split now and then you'll be good to go when it splits.
Time for a split so I can add!
$138 is even nicer.
News: $HEI HEICO Corporation Acquires Leading French Interconnect Business
HEICO Corporation (NYSE:HEI) (NYSE:HEI.A) today announced that its Buc, France-based 3D PLUS subsidiary acquired substantially all of the assets and business of Bretigny-sur-Orge, France-based BERNIER, SAS (“BERNIER”) in an all cash transaction. 3D PLUS is part of HEICO’s...
Read the whole news https://marketwirenews.com/news-releases/heico-corporation-acquires-leading-french-interconne-6222977580948457.html
needs another split to calm itself down!
Dang! Is this thing just going to keep going???
HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) reported today that its 3D-Plus and VPT subsidiaries supplied mission-critical equipment for NASA’s ICESat-2 mission, which launched on September 15th from the Vandenberg Air Force Base in California. This spacecraft is the second iteration of the Ice, Cloud and Land Elevation Satellite and was launched on the final Delta II rocket.
HEICO’s Buc, France-based 3D-Plus provided multiple radiation tolerant data memory modules onboard the ICESat-2 spacecraft. Blacksburg, VA-based VPT supplied DC-to-DC converter products used to power GPS tracking hardware onboard the launch vehicle and FPGA processors on the spacecraft. Historically, 3D-Plus’ and VPT’s parts have been relied on for many high-profile space missions, such as: Parker Solar Probe, Juno, New Horizons, Dawn and Orion.
The ICESat-2 program is part of NASA’s Earth Observing System, which is dedicated to measuring ice sheet elevation, sea ice thickness and observing land topography and elevation characteristics. The satellite is designed to operate for three years while having enough capacity to last for seven years. Weighing approximately 3,338 pounds, the satellite was launched into a near-circular, near-polar orbit with an altitude of approximately 310 miles and is traveling at 4.3 miles per second. Since the spacecraft will measure certain Earth characteristics to within an inch, it is critical to know where the satellite is positioned and to know where on the planet’s surface that the instrument is taking measurements. Numerous high-tech equipment, such as GPS hardware, lasers, telescopes, detectors and altimeters were embedded into the satellite to fulfill this specific requirement.
Laurans A. Mendelson, Chairman and Chief Executive Officer of HEICO Corporation, along with Victor H. Mendelson, HEICO’s Co-President and Chief Executive Officer of the Electronics Technologies Group, jointly commented, “We are, yet again, happy to congratulate NASA and the 3D-Plus and VPT teams on this successful launch. The ICESat-2 is a critical mission that will help our society understand and monitor the planet in which we all live. We thank the entire 3D-Plus and VPT teams for their continued commitment to outstanding innovation and excellence.”
Pierre Maurice, 3D-Plus’ President and Co-Founder, and Dan Sable, VPT’s CEO and Co-Founder, jointly stated, “Our respective teams at 3D-Plus and VPT are honored to work with NASA and its suppliers to support such an important mission. Both of our companies strive to work with these partners on ambitious and meaningful projects that are at the forefront of scientific exploration, such as the ICESat-2 and the Parker Solar Probe, which recently launched this August. We also thank our world-class teams for their dedication and unparalleled efforts.”
HEICO Corporation is engaged primarily in the design, production, servicing and distribution of products and services to certain niche segments of the aviation, defense, space, medical, telecommunications and electronics industries through its Hollywood, Florida-based Flight Support Group and its Miami, Florida-based Electronic Technologies Group. HEICO’s customers include a majority of the world’s airlines and overhaul shops, as well as numerous defense and space contractors and military agencies worldwide, in addition to medical, telecommunications and electronics equipment manufacturers. For more information about HEICO, please visit our website at http://www.heico.com.
At this Pace we will be breaking a hundred very soon! Printing 93 today!
What Pace? Holy Smokes Batman we are flying! 3rd Quarter of Fiscal 2018 Net Income up 47% on Operating Income Increase of 33% and Net Sales Increase of 19%
HEICO CORPORATION (NYSE: HEI.A) (NYSE: HEI) today reported that net income increased 47% to a record $67.1 million, or 49 cents per diluted share, in the third quarter of fiscal 2018, up from $45.7 million, or 34 cents per diluted share, in the third quarter of fiscal 2017. In the first nine months of fiscal 2018, net income increased 45% to a record $191.9 million, or $1.40 per diluted share, up from $132.3 million, or 98 cents per diluted share, in the first nine months of fiscal 2017.
All share and per share information has been adjusted retrospectively to reflect 5-for-4 stock splits distributed by the Company in January 2018 and June 2018.
Operating income increased 33% to a record $101.4 million in the third quarter of fiscal 2018, up from $76.1 million in the third quarter of fiscal 2017. In the first nine months of fiscal 2018, operating income increased 25% to a record $272.5 million, up from $217.2 million in the first nine months of fiscal 2017.
The Company's consolidated operating margin improved to 21.8% in the third quarter of fiscal 2018, up from 19.4% in the third quarter of fiscal 2017. The Company's consolidated operating margin improved to 21.0% in the first nine months of fiscal 2018, up from 19.7% in the first nine months of fiscal 2017.
Net sales increased 19% to a record $465.8 million in the third quarter of fiscal 2018, up from $391.5 million in the third quarter of fiscal 2017. Net sales increased 18% to a record $1,300.8 million in the first nine months of fiscal 2018, up from $1,103.6 million in the first nine months of fiscal 2017.
In the first quarter of fiscal 2018, the United States (U.S.) government enacted significant changes to existing tax law, including a reduction in the U.S. corporate tax rate. The Company’s effective tax rate for the first nine months of fiscal 2018 was 17.9%, down from 29.8% for the first nine months of fiscal 2017. Net income in the first nine months of fiscal 2018 was favorably impacted by approximately $30.7 million, or 22 cents per diluted share, including approximately $11.9 million, or 9 cents per diluted share, which resulted from one-time tax benefits principally due to the remeasurement of the Company’s net deferred tax liabilities in the first quarter of fiscal 2018.
2 stock splits in one year is more than enough! Too many splits would not be good long term. Lets see how this does for the remainder of the year!
at this pace, no split until next year... thats ok with me...
OK looks like we want to get back into the 80's Please prepare to put on the HEI Marching boots!
Damn HEI has got the racing shoes on been on a nice climb since the split!
Definitely my safest investment currently! IEP is running a nice second...
We make it to 100 we could be looking at another stock split dividend which is better than a cash divvy! No tax to pay and your position grows! Not only that HEI does pay a cash divvy to boot!
Love this stock!
The March to 100 is on! [HEI]
Nawh I think we will march right up into the 100's then a 5 fer 4 split and start the march all over again!
If it dips buy buy buy!
WOW knocken down the 92's! The march to 100 is ON.....
[HEI] doing the happy Dance! Touching 93 nice to see it back in the 90's! Looking Great..... Here's the latest news!!!
Dukane Seacom Acquires Aerospace Electronics Product Line of Instrumar
Yesterday \ M2 Communications
Dukane Seacom Acquires Aerospace Electronics Product Line of Instrumar M2 Communications
19 April 2018 - US-based underwater locator beacon provider Dukane Seacom, Inc. has acquired 100% of the business and assets of the emergency locator transmitter (ELT) beacon product line of St. John's, Newfoundland, Canada-based Instrumar Ltd. in an all-cash transaction, the company said.
Dukane Seacom is part of the electronic technologies group of HEICO Corp. (NYSE: HEI.A) (NYSE: HEI).
Terms of the transaction were not disclosed.
HEICO said that it expects the acquisition to be accretive to its earnings within a year following the purchase. Further financial terms and details were not disclosed.
The ELT Product Line, which has a significant installed base on large commercial transport aircraft, designs and manufactures emergency locator transmitter beacons for the commercial aviation and defense markets.
The ELT product line will be integrated into Dukane Seacom's existing Sarasota, FL facility within a year following closing.
HEICO said the ELT product line acquisition is consistent with its long-term strategy of acquiring highly engineered products and unique technologies.
The Dukane Seacom team has a strong, acquisitive track record, as they have successfully acquired four businesses and/or product lines in the past six years. This acquisition marks HEICO's sixth in the past 12 months.
Dukane Seacom and its sister company, Radiant Power Corp., are focussed on the design and manufacture of underwater locator beacons, emergency power supplies, power distribution and controls, flight deck sensors and indicators, and passenger comfort products for the aerospace and military markets.
HEICO Corp. is engaged primarily in the design, production, servicing and distribution of products and services to certain niche segments of the aviation, defense, space, medical, telecommunications and electronics industries through its Florida-based flight support group and electronic technologies group.
I hope to add some more in a month or so.... Money in the bank.. :)
Back in the 90's touching 91 hope it stays this time. Next target 100 than 5 for 4 split!
that would be great.
We already had one split this year ! Did you mean to say TWO splits this year?
YEP I remember when Ronald Reagan was pushing for the "Star Wars" space program back in the day. Too funny but hey if we can cash in on the companies the government funds buying their stocks I am in the game!
Wasnt it Reagan who introduced Space command? Then Moonraker with the satellite lined with nukes. All of that sci-fi is becoming real
Here's another one gets all the government defence contracts [HII] it is a little pricey for my liking but, it keeps on rising and with Trumps new
"Space Force" military division you won't ever have to worry about those Martian invaders ever again! LOL
Gotta love Aerospace defense to keep my favorite martians at bay.
Here is some recent news and upgrades: HEICO Corporation Reports Record Net Income and Increases in Net Sales and Operating Income for the First Quarter of Fiscal 2018; Full Fiscal Year 2018 Growth Estimates Raised in Net Sales, Net Income and Cash Flow
Canaccord Genuity Maintains Buy on Heico Corporation Common Stock, Raises Price Target to $100.00
Credit Suisse Maintains Outperform on Heico Corporation Common Stock, Raises Price Target to $97.00
This one is the gift that keeps on giving! Two 5 for 4 stock splits in 2017 and each time splits in the low 90's then races right back a few month post split along with a small cash dividend.
Were about 60 days post split and almost back to the starting gates!
No news why todays pop?
WOW , I know we're in the defence industry, but I didn't know we we're also in the rocket ship business! This thing is taking off to the moon! Printing 86's. Nice earnings report!