Heico Corp Stock Price, News & Analysis

VPT, Inc., a subsidiary of HEICO, announced the launch of its SVL series of 50V input space-grade DC-DC converters, including SVLFL, SVLTR, and SVLSA models. These converters are designed to operate in harsh radiation environments, exhibiting Total Ionizing Dose (TID) performance up to 60 krads. They support a wide input voltage range of 30 to 60V and are suitable for various orbital applications. The series is pending qualification to MIL-PRF-38534 Class H and K, and their availability is subject to U.S. export regulations.

HEICO Corporation (NYSE:HEI,HEI.A) announced the acquisition of Paciwave, Inc. by its dB Control subsidiary. This marks HEICO's sixth acquisition this fiscal year. Paciwave, specializing in RF and microwave components, will enhance HEICO's product offerings in defense and electronics. The acquisition is expected to be accretive to earnings within a year. The founder, Parimal Kadakia, will assist during the transition. Financial details of the transaction were not disclosed but it signifies HEICO's strategy to expand in critical electronic sectors.

VPT, Inc., a HEICO company, launched the SVL series of 28-volt space-qualified DC-DC converters. Designed for harsh radiation environments, these converters operate over a voltage range of 15 to 50 V and maintain performance under extreme temperatures (-55 °C to +125 °C). The SVL series improves radiation tolerance, increasing the single event effects capability significantly. These products are qualified to military standards and cater to various space missions, making them vital for applications like LEO and MEO.

HEICO Corporation (NYSE:HEI, HEI.A) has acquired 80.1% of RH Laboratories, Inc. for cash. RH specializes in RF and microwave assemblies for defense applications and has been operational for 20 years, boasting a solid customer base that includes major defense contractors and the U.S. Government. The acquisition is expected to be accretive to HEICO's earnings within the first year. The founders of RH will retain 19.9% ownership and continue in leadership roles.

VPT, part of HEICO, has launched the SVRPL Series of space-qualified DC-DC converters, tailored for harsh radiation environments. These converters, operating within an input voltage range of 3.1 to 5.5 V and a 6A output, are designed for high-performance space processors. The SVRPL3R306SG model is based on the radiation-hardened ISL70001ASEH regulator and meets MIL-PRF-38534 Class K requirements. They function efficiently across military temperature ranges and are subjected to stringent qualification standards essential for modern digital electronics in space.

HEICO Corporation reported a significant 42% increase in net income to $76.9 million in Q3 2021, with a 47% rise in operating income and a 22% increase in net sales to $471.7 million. Year-to-date net income reached $218.2 million, although it shows a decline compared to the previous year's $251.7 million. The company’s debt-to-equity ratio improved to 17.4% from 36.8%. Cash flow from operations rose 33% to $124 million in Q3. The company remains cautious about future guidance due to uncertainties related to the COVID-19 pandemic.

HEICO Corporation (NYSE:HEI, HEI.A) will report its third quarter financial results for the period ending July 31, 2021, after NYSE close on August 24, 2021. A conference call is scheduled for August 25, 2021, at 9:00 a.m. EDT, where the company will discuss the results. Participants can join by dialing (833) 377-4220 for US and Canada, and (206) 596-9903 for international calls, using Conference ID 9060175. HEICO has two classes of common stock: HEI and HEI.A, differing mainly in voting rights. For more details, visit heico.com.

HEICO Corporation (NYSE:HEI) has successfully acquired Ridge Engineering, Inc. and The Bechdon Company, Inc. as part of its Flight Support Group. The acquisition, announced on July 6, 2021, was finalized following regulatory approval. HEICO anticipates that these acquisitions will be accretive to earnings within the first year. Ridge specializes in tight-tolerance machining and brazing for defense and aerospace applications, while Bechdon provides precision machining and fabrication services. Both companies will retain their current operations and management teams.

HEICO Corporation announced the acquisition of 89% of Ridge Engineering, Inc. and The Bechdon Company, Inc. for cash, with potential additional consideration based on post-closing earnings. The acquisitions are expected to be accretive to earnings within the first year. Ridge, specializing in tight-tolerance machining for defense and aerospace, and Bechdon, a key subcontractor, operate from substantial facilities and employ 196 people. The deal awaits antitrust clearance and other conditions, strengthening HEICO's position in specialized aerospace manufacturing.