Heico (NYSE:HEI) reported mixed fourth-quarter results, with earnings exceeding expectations but revenue falling short of analyst estimates. The aerospace and electronics company’s shares dropped more than 5% in pre-market today following the announcement.
Adjusted earnings per share reached $0.99, narrowly surpassing the Street consensus estimate of $0.98. However, revenue came in at $1.01 billion, slightly below Wall Street’s forecast of $1.03 billion. Despite the revenue miss, net sales grew 8% year-over-year to a record $1.01 billion, fueled by strong performance in the Flight Support Group, which saw sales jump 15% to $691.8 million. The Electronic Technologies Group, however, experienced a slight decline, with sales slipping to $336.2 million.
Operating margins improved to 21.6% in the quarter, up from 20.2% the previous year, reflecting better efficiency across the business. Cash flow from operations also surged 39% to $205.6 million, highlighting Heico’s solid financial position.
For fiscal 2025, the company projected net sales growth across both operating segments, driven by strong demand for its product lines and supported by organic growth. Heico’s outlook emphasizes continued momentum as it capitalizes on robust market conditions.