Overview
Aerospace and defense firm's fiscal Q1 net sales rose 14%, slightly beating expectations
Net income for fiscal Q1 increased 13% to a record $190.2 mln
Operating income for fiscal Q1 grew 15%, driven by strong demand and acquisitions
Outlook
HEICO expects continued sales momentum across Flight Support and Electronic Technologies Groups
Company forecasts strong cash flow from operations for fiscal 2026
Result Drivers
ORGANIC SALES GROWTH - Strong double-digit organic net sales growth across Flight Support and Electronic Technologies Groups drove results
Company press release: ID:nACS0h5dya
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Sales | Slight Beat* | $1.18 bln | $1.17 bln (16 Analysts) |
Q1 EPS | $1.35 | ||
Q1 Net Income | $190.20 mln | ||
Q1 EBITDA | $312 mln | ||
Q1 Operating Income | $259.90 mln | ||
Q1 Operating Margin | 22.10% |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the aerospace & defense peer group is "buy"
Wall Street's median 12-month price target for HEICO Corp is $375.00, about 6.9% above its February 24 closing price of $350.64
The stock recently traded at 61 times the next 12-month earnings vs. a P/E of 59 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)