Welcome to our dedicated page for Heico news (Ticker: HEI), a resource for investors and traders seeking the latest updates and insights on Heico stock.
HEICO Corporation reports recurring developments as an aerospace and defense supplier operating through its Flight Support Group and Electronic Technologies Group. News commonly covers quarterly results, conference-call notices, acquisitions, and demand for replacement aircraft parts, MRO services, defense components, RF and microwave antennas, and high-reliability electronic products.
Company updates also describe subsidiary contributions to space and defense programs, including 3D PLUS, Exxelia, and VPT components, and HEICO’s dual NYSE-listed common stock classes, HEI and HEI.A, which differ by voting rights while remaining economically similar.
HEICO Corporation (NYSE: HEI.A, HEI) will release its first-quarter financial results for the period ending January 31, 2021, on February 23, 2021, after the NYSE closing. The earnings will be accessible on HEICO’s website. A conference call to discuss the results is scheduled for February 24, 2021, at 9:00 a.m. EST, with participation details provided. HEICO has two classes of common stock, HEI.A and HEI, distinguished by voting rights. The company specializes in products and services for aviation, defense, and electronics industries.
HEICO Corporation (NYSE: HEI, HEI.A) reported a fiscal year 2020 net income of $314.0 million ($2.29 per diluted share), down from $327.9 million ($2.39 per diluted share) in 2019. The COVID-19 pandemic severely impacted results, leading to a 32% decline in net sales for commercial aerospace. In Q4 2020, net income dropped to $62.3 million ($0.45 per diluted share), compared to $85.7 million in Q4 2019. Despite this, HEICO achieved record sales in its Electronic Technologies Group and maintained strong cash flow, resulting in a semi-annual dividend of $0.08 per share, marking its 85th consecutive dividend.
HEICO Corporation (NYSE:HEI.A and HEI) has declared a cash dividend of $0.08 per share, payable on January 21, 2021, to shareholders of record as of January 7, 2021. This marks the company's 85th consecutive semi-annual cash dividend since 1979. Additionally, the Annual Shareholders' Meeting is scheduled for March 19, 2021, with a record date of January 22, 2021. The company’s stock has seen significant growth, with shares appreciating approximately 572 times since 1990, reflecting a 23% compound annual growth rate.
HEICO Corporation (NYSE:HEI, HEI.A) announced an amendment and extension of its credit facility to $1.5 billion, increasing to $1.85 billion under certain conditions. The maturity date has been extended by one year to November 2023. The facility, primarily for acquisitions, demonstrates HEICO's strong financial standing, having completed six acquisitions in the past year despite the COVID-19 pandemic. CEO Laurans Mendelson emphasized the company's solid performance and commitment to strategic goals.
HEICO Corporation (NYSE: HEI.A, HEI) is set to release its fourth-quarter financial results for the period ending October 31, 2020, after the NYSE closing on December 21, 2020. A conference call to discuss these results is scheduled for December 22, 2020, at 9:00 a.m. EST. Interested participants can dial US and Canada (877) 586-4323 or International (706) 679-0934, using Conference ID 8879980. The company offers two classes of common stock, Class A (HEI.A) and Common Stock (HEI), differing primarily in voting rights. For more details, visit www.heico.com.