The analysts comment “HEICO reported F2Q EPS of $0.88 vs. our and the consensus estimate of $0.81 on better revenue of $955m (consensus $951m and our $941m estimate). F2Q was a clean quarter with gross income, operating income, EBITDA and net income all outpacing our expectations on the back of better results in ETG (sales +12% q/q, +4% organic y/y) and FSG (sales +5% q/q, +12% organic y/y and +21% for aftermarket replacement parts). Operating margin rose 180bps sequentially to 21.9%, which was solidly ahead of expectations and helped drive a 9% EPS beat when paired with slightly higher sales. That improvement in operating margin was a function of both segments improving profitability, but ETG improved more q/q. The growth trajectory doesn’t appear to be changing much for HEICO, and we think rising estimates will help momentum as investors balance a very strong aftermarket position with uncertainty around future air travel demand.”
Source: Cryptocurrency - investing.com
