Heico reports Q4 EPS 70c, consensus 69c

Reports Q4 revenue $609.6M, consensus $602.2M. Laurans A. Mendelson, HEICO’s Chairman and CEO, commented on the Company’s fourth quarter results stating, "We are very pleased to report record quarterly consolidated net sales and operating income driven by record quarterly operating results at the Flight Support Group and the Electronic Technologies Group. These results reflect 11% consolidated organic growth in our net sales principally arising from a continued rebound in demand for our commercial aerospace products and services. Our total debt to shareholders’ equity ratio was 11.0% as of October 31 as compared to 10.3% as of October 31, 2021. Our net debt of $150.8M as of October 31 to shareholders’ equity ratio was 5.7% as of October 31 as compared to 5.6% as of October 31 , which provides the Company with substantial acquisition capital in the balance of our $1.5B revolving credit facility and other available capital.