NYSE$HEI
Heico Corporation · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported strong growth in net sales, operating income, and net income for the first quarter of fiscal 2024.
HEICO Corporation reported a 44% increase in net sales, a 39% increase in operating income, and a 23% increase in net income for the first quarter of fiscal 2024, driven by record operating results at the Flight Support Group and contributions from fiscal 2023 acquisitions.
- Net sales increased by 44% to $896.4 million, up from $620.9 million in the first quarter of fiscal 2023.
- Net income increased by 23% to $114.7 million, or $0.82 per diluted share, up from $93.0 million, or $0.67 per diluted share, in the first quarter of fiscal 2023.
- Operating income increased by 39% to $180.2 million, up from $129.4 million in the first quarter of fiscal 2023.
- Cash flow provided by operating activities increased 46% to $111.7 million, up from $76.7 million in the first quarter of fiscal 2023.
Headline financials
Revenue & EPS history
Heico · Revenue · Quarterly
$896M
Revenue by segment
Heico · $944M total across 2 segments · Q4 2023
- Flight Support Group$602M+73.9%63.7%
- Electronic Technologies Group$343M+27.6%36.3%
Forward guidance
HEICO anticipates net sales growth in both the Flight Support Group and the Electronic Technologies Group, driven by acquisitions and demand for its products. The company plans to continue developing new products and services and further market penetration, while maintaining its financial strength and flexibility.
Tailwinds
- Anticipates net sales growth in the Flight Support Group.
- Anticipates net sales growth in the Electronic Technologies Group.
- Driven by contributions from fiscal 2023 acquisitions.
- Driven by demand for the majority of its products.
- Plans to continue commitment to developing new products and services and further market penetration.
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 2024
+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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