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.

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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
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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
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Heico Corporation Financials and Metrics

Heico Corporation Financials

Heico Corporation's revenue was reported to be $1.52 b in FY, 2017 which is a 10.8% increase from the previous period.
USD

Revenue (Q1, 2018)

404.4 m

Gross profit (Q1, 2018)

154.8 m

Gross profit margin (Q1, 2018), %

38.3%

Net income (Q1, 2018)

71.7 m

EBIT (Q1, 2018)

79.6 m

Market capitalization (18-Apr-2018)

9.9 b

Cash (31-Jan-2018)

65.7 m

EV

10.5 b
Heico Corporation's current market capitalization is $9.9 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

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

Revenue growth, %

12%5%16%11%

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
Annual
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 m13.7 m

Inventories

218.9 m218 m243.5 m286.3 m343.6 m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

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 m65.7 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 m210.3 m

Prepaid Expenses

14 m21.2 m9.9 m12 m15.1 m9.9 m12.7 m12 m11.3 m13.2 m12.8 m16.3 m19.1 m

Inventories

224.1 m225 m221.1 m228 m231 m236.2 m273.5 m282.1 m286.7 m301.1 m325.7 m340.5 m367.4 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

124.6 m138.8 m153.6 m176.2 m207.7 m

Depreciation and Amortization

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

Inventories

14.9 m(126 k)(10.2 m)(14.4 m)(21.2 m)

Accounts Payable

(23 k)2.5 m3.2 m4.1 m6.4 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Net Income

32.1 m70.6 m109.5 m35.9 m79.7 m126.6 m46.3 m97.1 m148.6 m71.7 m

Depreciation and Amortization

10.9 m23.1 m35.1 m13.9 m29.2 m44.6 m15.2 m30.5 m46.9 m19 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)(18.3 m)

Accounts Payable

(5.3 m)3.7 m(6.6 m)(7.7 m)4.9 m(2.6 m)(6.3 m)(7.6 m)(3.6 m)(9.7 m)
USDY, 2018

EV/EBIT

132.1 x

EV/CFO

233.5 x

EV/FCF

280.8 x

Financial Leverage

1.9 x
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Heico Corporation Operating Metrics

Heico Corporation's Backlog was reported to be $654m in FY, 2017. Heico Corporation's Units Shipped was reported to be 69.6 m in Dec, 2017.
FY, 2014FY, 2015FY, 2016FY, 2017Dec, 2017

Backlog

$291 m$349 m$497 m$654 m

Units Shipped

69.59 m
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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.
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