Heico Corporation

HEICO Corporation is a technology-driven aerospace, industrial, defense and electronics company. HEICO's products are found on large commercial aircraft, regional, business and military aircraft, as well as on a large variety of industrial turbines, targeting systems, missiles and electro-optical devices.
HEICO Corporation operates in two segments, the Flight Support group and the Electronic Technologies group. The Flight Support group designs, engineers, manufactures, repairs, distributes and overhauls FAA-approved parts that extend over the entire aircraft, from the engines all the way to hydraulic, pneumatic, electromechanical, avionic, structures, wheels and brakes and even interiors. The Electronic Technologies group produces electrical and electro-optical systems and components serving niche segments of the aerospace, defense, communications, and computer industries.

Company Growth (employees)
Type
Public
HQ
Hollywood, US
Founded
1949
Size (employees)
5,100 (est)+9%
Website
heico.com
Heico Corporation was founded in 1949 and is headquartered in Hollywood, US

Key People/Management at Heico Corporation

Laurans Mendelson

Laurans Mendelson

CEO & Chairman
Victor Mendelson

Victor Mendelson

Co-President, President & CEO of HEICO Electronic Technologies Corp.
Eric Mendelson

Eric Mendelson

Co-President, President & CEO - HEICO Flight Support Group

Heico Corporation Office Locations

Heico Corporation has an office in Hollywood
Hollywood, US (HQ)
3000 Taft St
Show all (1)

Heico Corporation Financials and Metrics

Heico Corporation Financials

Heico Corporation's revenue was reported to be $1.5 b in FY, 2017
USD

Revenue (FY, 2017)

1.5 b

Gross profit (FY, 2017)

574.7 m

Gross profit margin (FY, 2017), %

38%

EBIT (FY, 2017)

306.7 m

Market capitalization (23-Feb-2018)

5.6 b

Cash (31-Oct-2017)

52.1 m

EV

5.6 b
Heico Corporation's current market capitalization is $5.6 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1 b1.1 b1.2 b1.4 b1.5 b

Revenue growth, %

12%5%16%

Cost of goods sold

637.6 m734 m754.5 m860.8 m950.1 m

Gross profit

371.2 m398.3 m434.2 m515.5 m574.7 m
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

15.5 m20.2 m33.6 m43 m52.1 m

Accounts Receivable

157 m149.7 m181.6 m202.2 m222.5 m

Prepaid Expenses

17 m8.9 m9.4 m11.7 m

Inventories

218.9 m218 m243.5 m286.3 m343.6 m
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

15.2 m21.4 m20.9 m18.4 m20.7 m31.7 m29.9 m36.8 m27.2 m45.9 m36.7 m49.5 m

Accounts Receivable

150.2 m165.1 m149.2 m152.9 m152.7 m150.9 m173.9 m179.2 m189.6 m176 m213.1 m206.4 m

Prepaid Expenses

14 m21.2 m9.9 m12 m15.1 m9.9 m12.7 m12 m11.3 m13.2 m12.8 m16.3 m

Inventories

224.1 m225 m221.1 m228 m231 m236.2 m273.5 m282.1 m286.7 m301.1 m325.7 m340.5 m
    USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

    Net Income

    124.6 m138.8 m153.6 m176.2 m

    Depreciation and Amortization

    36.8 m47.8 m47.9 m60.3 m64.8 m

    Accounts Receivable

    16.6 m(7 m)(22.6 m)(16 m)2.8 m

    Inventories

    14.9 m(126 k)(10.2 m)(14.4 m)(21.2 m)
    USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

    Net Income

    32.1 m70.6 m109.5 m35.9 m79.7 m126.6 m46.3 m97.1 m148.6 m

    Depreciation and Amortization

    10.9 m23.1 m35.1 m13.9 m29.2 m44.6 m15.2 m30.5 m46.9 m

    Accounts Receivable

    2.1 m(2 m)4.5 m12.3 m(7.9 m)(3 m)(26 m)1.4 m13.3 m

    Inventories

    2.9 m(5 m)(10.7 m)2.3 m(9.9 m)(13.9 m)15 m(14.3 m)(22.4 m)
      USDY, 2017

      EV/EBIT

      18.1 x

      EV/CFO

      20.2 x

      EV/FCF

      22.3 x

      Revenue/Employee

      315.5 k

      Financial Leverage

      2 x
      Show all financial metrics

      Heico Corporation Operating Metrics

      Heico Corporation's Backlog was reported to be $497 m in FY, 2016, which is a 42% increase from the previous period. Heico Corporation's Units Shipped was reported to be 69.5 m in Jun, 2017
      FY, 2014FY, 2015FY, 2016Jun, 2017

      Backlog

      $291 m$349 m$497 m

      Units Shipped

      69.46 m
      Show all operating metrics

      Heico Corporation Acquisitions / Subsidiaries

      Acquired CompanyDateDeal Size
      Essex X-Ray & Medical Equipment LTD
      HEICO Aerospace Corporation
      Jet Avion Corporation
      LPI Industries Corporation
      Aircraft Technology Inc.
      Parts Advantage LLC
      Northwings Accessories Corp.
      Aviation Engineered Services Corp.
      HB Fuel Systems LLC
      HNW Building Corp.
      HNW2 Building Corp.
      McClain International Inc.
      McClain Property Corp.
      Rogers-Dierks Inc.
      Turbine Kinetics Inc.
      Future Aviation Inc.
      ATK Acquisition Corp.
      AD HEICO Acquisition Corp.
      AeroDesign Inc.
      Battery Shop L.L.C.
      Inertial Airline Services Inc.
      HEICO Aerospace Parts Corp.
      Aviation Facilities Inc.
      Niacc-Avitech Technologies Inc.
      JA Engineering I Corp.
      JA Engineering II Corp.
      Jetavi Engineering Private Limited
      Arger Enterprises Inc.
      Prime Air LLC
      Avisource Limited
      Prime Air Europe Limited
      DEC Technologies Inc.
      Meridian Industrial Inc.
      Dynatech Acquisition Corp.
      Sunshine Avionics LLC
      HEICO Parts Group Inc.
      HEICO East Corporation
      16-1741 Property Inc.
      HEICO Flight Support Corp.
      CSI Aerospace Inc.
      Action Research Corporation
      Reinhold Holdings Inc.
      Reinhold Industries Inc.
      HFSC II Corp.
      Thermal Structures Inc.
      Thermal Structures Thermal Insulation Product (Tianjin) Co. Ltd.
      Thermal Energy Products Inc.
      Jetseal Inc.
      Seal Dynamics LLC
      Seal Dynamics LLC (Singapore Branch)
      Seal Dynamics Limited
      Seal Q Corp.
      Blue Aerospace LLC
      HEICO International Holdings B.V.
      Aeroworks International Holding B.V.
      Aeroworks Europe B.V.
      Aeroworks (Lao) Co. Ltd.
      DIRI Co. Ltd.
      Aeroworks Lao II Co. Ltd.
      Aeroworks Special Products B.V.
      Aeroworks (Asia) Ltd.
      Aeroworks Manufacturing Services Ltd.
      Aeroworks Composites B.V.
      Aeroworks Composites (Asia) Ltd.
      HFSC III Corp.
      Aerospace & Commercial Technologies LLC
      Astroseal Products Mfg. Corporation
      Astro Property LLC
      HEICO Electronic Technologies Corp.
      Radiant Power Corp.
      Radiant-Seacom Repairs Corp.
      Leader Tech Inc.
      FerriShield Inc.
      Santa Barbara Infrared Inc.
      IRCameras LLC
      Analog Modules Inc.
      Sierra Microwave Technology LLC
      Connectronics Corp.
      Lumina Power Inc.
      HVT Group Inc.
      Dielectric Sciences Inc.
      HEICO Aerospace Holdings Corp.
      High Voltage Technology Limited
      EMD Acquisition Corp.
      EMD Technologies Incorporated
      VPT Inc.
      SI-REL Inc.
      Dukane Seacom Inc.
      dB Control Corp.
      De-Icing Investment Holdings Corp.
      Switchcraft Far East Company Ltd.
      Robertson Fuel Systems L.L.C. Arizona
      3D Acquisition Corp.
      3D Plus SAS
      3D Plus U.S.A. Inc.
      Switchcraft Holdco Inc.
      Conxall Corporation
      Aeroworks Inc.
      Switchcraft Inc.
      Ramona Research Inc.
      Lucix Corporation
      Midwest Microwave Solutions Inc.
      AeroAntenna TechnologyAugust 18, 2017
      Carbon by DesignJune 20, 2017
      Robertson Fuel SystemsDecember 21, 2015$255 m
      Harter Aerospace LLCFebruary 02, 2015
      Engineering Design Team Inc.November 03, 2005
      Associated Composite Inc.October 20, 1998

      Heico Corporation Market Value History

      Heico Corporation Revenue Breakdown

      Heico Corporation's Web-traffic and Trends

      Heico Corporation Company Life and Culture

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