Heico Corp Stock Price, News & Analysis

HEICO Corporation announced its Annual Shareholders' Meeting will take place on March 18, 2022. Shareholders on record as of January 21, 2022, will have voting rights during the meeting. The company has two classes of stock: Class A Common Stock (HEI.A) and Common Stock (HEI), with approximately 81.4 million and 54.4 million shares outstanding respectively. The Class A shares possess 1/10 voting rights, while Common Stock carries a full vote. HEICO engages in various sectors, including aviation, defense, and medical.

HEICO Corporation has declared a semi-annual cash dividend of $.09 per share, payable on January 20, 2022 to shareholders of record as of January 6, 2022. This marks the company's 87th consecutive semi-annual cash dividend since 1979. HEICO reported strong cash flow, encouraging the Board's decision for the dividend. Notably, one share valued at $8.38 in 1990 has appreciated to approximately $4,877 by December 2021, reflecting a 582-fold increase and a compound annual growth rate of 23%.

HEICO Corporation reported a significant increase in net income for the fourth quarter of fiscal 2021, rising to $86.1 million, or $0.62 per diluted share, a 38% increase from the previous year. Net sales surged 20% to $509.4 million, supported by a 29% rise in operating income to $115.0 million. For the fiscal year, net sales reached $1,865.7 million, a 4% increase, while operating income also grew by 4% to $392.9 million. The company is cautiously optimistic about recovery in air travel but refrained from providing guidance for fiscal 2022 due to uncertainties related to the pandemic.

HEICO Corporation (NYSE:HEI) will release its fourth quarter financial results for the period ending October 31, 2021, on December 15, 2021, after NYSE closing. A conference call to discuss the results is scheduled for December 16, 2021, at 9:00 a.m. EST, with participation details provided. HEICO has two classes of stock: Common Stock (HEI) and Class A Common Stock (HEI.A), differing in voting rights. The company specializes in the design, production, and distribution of products for the aviation, defense, and electronics sectors.

VPT, Inc., a subsidiary of HEICO, announced the launch of its SVL series of 50V input space-grade DC-DC converters, including SVLFL, SVLTR, and SVLSA models. These converters are designed to operate in harsh radiation environments, exhibiting Total Ionizing Dose (TID) performance up to 60 krads. They support a wide input voltage range of 30 to 60V and are suitable for various orbital applications. The series is pending qualification to MIL-PRF-38534 Class H and K, and their availability is subject to U.S. export regulations.

HEICO Corporation (NYSE:HEI,HEI.A) announced the acquisition of Paciwave, Inc. by its dB Control subsidiary. This marks HEICO's sixth acquisition this fiscal year. Paciwave, specializing in RF and microwave components, will enhance HEICO's product offerings in defense and electronics. The acquisition is expected to be accretive to earnings within a year. The founder, Parimal Kadakia, will assist during the transition. Financial details of the transaction were not disclosed but it signifies HEICO's strategy to expand in critical electronic sectors.

VPT, Inc., a HEICO company, launched the SVL series of 28-volt space-qualified DC-DC converters. Designed for harsh radiation environments, these converters operate over a voltage range of 15 to 50 V and maintain performance under extreme temperatures (-55 °C to +125 °C). The SVL series improves radiation tolerance, increasing the single event effects capability significantly. These products are qualified to military standards and cater to various space missions, making them vital for applications like LEO and MEO.

HEICO Corporation (NYSE:HEI, HEI.A) has acquired 80.1% of RH Laboratories, Inc. for cash. RH specializes in RF and microwave assemblies for defense applications and has been operational for 20 years, boasting a solid customer base that includes major defense contractors and the U.S. Government. The acquisition is expected to be accretive to HEICO's earnings within the first year. The founders of RH will retain 19.9% ownership and continue in leadership roles.

VPT, part of HEICO, has launched the SVRPL Series of space-qualified DC-DC converters, tailored for harsh radiation environments. These converters, operating within an input voltage range of 3.1 to 5.5 V and a 6A output, are designed for high-performance space processors. The SVRPL3R306SG model is based on the radiation-hardened ISL70001ASEH regulator and meets MIL-PRF-38534 Class K requirements. They function efficiently across military temperature ranges and are subjected to stringent qualification standards essential for modern digital electronics in space.