NYSE$HEI
Heico Corporation · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
HEICO reported a record net income with increases in net sales and operating income.
HEICO Corporation reported a strong first quarter with a 54% increase in net income, a 13% increase in operating income, and a 9% increase in net sales. The company's Flight Support Group and Electronic Technologies Group both contributed to the positive results.
- Net income increased 54% to a record $121.9 million, or 89 cents per diluted share.
- Operating income increased 13% to $111.0 million.
- Net sales increased 9% to $506.3 million.
- EBITDA increased 13% to $132.8 million.
Headline financials
Revenue & EPS history
Heico · Revenue · Quarterly
$506M
Revenue by segment
Heico · $510M total across 2 segments · Q1 2020
- Flight Support Group$301M+4.8%59.1%
- Electronic Technologies Group$208M+13.0%40.9%
Forward guidance
HEICO anticipates continued net sales growth and is raising its full year net income growth estimate.
Tailwinds
- Continued net sales growth within the Flight Support Group's commercial aviation and defense product lines.
- Growth within the Electronic Technologies Group, principally driven by demand for the majority of products.
- Commitments to developing new products and services.
- Further market penetration.
- Aggressive acquisition strategy.
Headwinds
- Potential impact from the recent coronavirus outbreak as the impact to our businesses is uncertain and difficult to predict.
- Lower demand for commercial air travel or airline fleet changes or airline purchasing decisions.
- Product specification costs and requirements.
- Governmental and regulatory demands, export policies and restrictions, reductions in defense, space or homeland security spending by U.S. and/or foreign customers or competition from existing and new competitors.
- Economic conditions within and outside of the aviation, defense, space, medical, telecommunications and electronics industries.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2020
+0.9%
Avg return
Earnings day
+1.0%
Avg return
5 days after
+1.0%
Avg return
30 days after
54%
37 / 68 earnings
Positive
+13.9%
Q1 2025
Best reaction
-13.2%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | -9.2% | -5.2% | -20.7% | |
| Q4 2025 | +5.8% | +9.5% | +14.2% | |
| Q3 2025 | +8.7% | +2.2% | +4.1% | |
| Q2 2025 | +7.5% | +9.8% | +18.9% | |
| Q1 2025 | +13.9% | +16.7% | +17.0% | |
| Q4 2024 | -9.7% | -9.1% | -10.4% | |
| Q3 2024 | +0.3% | +4.0% | +6.5% | |
| Q2 2024 | -2.0% | +2.1% | +4.4% | |
| Q1 2024 | -2.8% | -2.7% | -2.4% | |
| Q4 2023 | +1.1% | -1.1% | -5.3% | |
| Q3 2023 | -0.5% | +1.8% | -3.7% | |
| Q2 2023 | -6.9% | -10.0% | -2.7% | |
| Q1 2023 | -5.3% | -0.2% | -3.0% | |
| Q4 2022 | +1.0% | +1.5% | +7.1% | |
| Q3 2022 | -2.0% | -2.4% | -7.1% | |
| Q2 2022 | +2.1% | +9.0% | -1.6% | |
| Q1 2022 | +0.1% | +4.6% | +9.6% | |
| Q4 2021 | -2.1% | -2.5% | +9.5% | |
| Q3 2021 | +0.1% | -0.6% | +3.1% | |
| Q2 2021 | +0.3% | +4.0% | +6.1% | |
| Q1 2021 | +2.7% | -2.9% | -5.5% | |
| Q4 2020 | -3.0% | -1.4% | +2.7% | |
| Q3 2020 | -4.1% | -0.1% | -8.3% | |
| Q2 2020 | +11.9% | +7.2% | +5.5% | |
| Q1 2020 | -13.2% | -9.4% | -26.8% | |
| Q4 2019 | -4.4% | -7.5% | -3.7% | |
| Q3 2019 | -0.4% | +0.3% | -11.7% | |
| Q2 2019 | +12.5% | +16.8% | +26.4% | |
| Q1 2019 | -1.4% | -0.5% | +0.1% | |
| Q4 2018 | -0.8% | -9.2% | -2.6% | |
| Q3 2018 | +11.6% | +12.8% | +13.4% | |
| Q2 2018 | +2.6% | +2.2% | +0.5% | |
| Q1 2018 | +4.6% | +5.5% | +6.1% | |
| Q4 2017 | +1.1% | -2.5% | +0.8% | |
| Q3 2017 | +1.6% | +1.5% | +10.2% | |
| Q2 2017 | -2.8% | +0.2% | -3.5% | |
| Q1 2017 | +3.9% | +3.8% | +5.3% | |
| Q4 2016 | -4.8% | -3.4% | -2.7% | |
| Q3 2016 | -2.3% | -5.8% | -5.9% | |
| Q2 2016 | +1.5% | +1.1% | -2.5% | |
| Q1 2016 | +5.9% | — | — | |
| Q4 2015 | +3.2% | — | — | |
| Q3 2015 | -2.2% | — | — | |
| Q2 2015 | +7.4% | — | — | |
| Q1 2015 | -6.0% | — | — | |
| Q4 2014 | +4.7% | — | — | |
| Q3 2014 | -2.3% | — | — | |
| Q2 2014 | -5.9% | — | — | |
| Q1 2014 | +8.1% | — | — | |
| Q4 2013 | +2.8% | — | — | |
| Q3 2013 | +1.0% | — | — | |
| Q2 2013 | +6.2% | — | — | |
| Q1 2013 | -4.5% | — | — | |
| Q4 2012 | +5.3% | — | — | |
| Q3 2012 | +6.4% | — | — | |
| Q2 2012 | +10.9% | — | — | |
| Q1 2012 | -4.4% | — | — | |
| Q2 2011 | -0.5% | — | — | |
| Q4 2011 | -0.5% | — | — | |
| Q3 2011 | -6.4% | — | — | |
| Q1 2011 | +6.4% | — | — | |
| Q1 2010 | +6.4% | — | — | |
| Q4 2008 | -1.2% | — | — | |
| Q2 2010 | -1.2% | — | — | |
| Q4 2010 | -1.2% | — | — | |
| Q3 2009 | +2.8% | — | — | |
| Q3 2010 | +2.8% | — | — | |
| Q4 2009 | +2.8% | — | — |
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