HEICO Corporation (NYSE:HEI) Q4 2024 Earnings Call Transcript December 18, 2024 9:00 AM ET
Company Participants
Laurans Mendelson – Chairman and CEO
Eric Mendelson – Co-President & President of Flight Support Group
Victor Mendelson – Co-President & President of Electronic Technologies Group
Carlos Macau – EVP and CFO
Conference Call Participants
Larry Solow – CJS Securities
Scott Mikus – Melius Research
Ken Herbert – RBC Capital Markets
Gautam Khanna – TD Cowen
Sheila Kahyaoglu – Jefferies
Scott Deuschle – Deutsche Bank
Noah Poponak – Goldman Sachs
Michael Ciarmoli – Truist Securities
Pete Skibitski – Alembic Global
David Strauss – Barclays
Ron Epstein – Bank of America
Louis Raffetto – Wolfe Research
Operator
Welcome to the HEICO Corporation Fourth Quarter 2024 Financial Results Call. My name is Samara, and I will be your operator for today’s call.
Certain statements in this conference call will constitute forward-looking statements, which are subject to risks, uncertainties, and contingencies. HEICO’s actual results may differ materially from those expressed in or implied by those forward-looking statements.
Factors that could cause such differences include the severity, magnitude and duration of public health threats, such as the COVID-19 pandemic; HEICO’s liquidity and the amount and timing of cash generation; lower commercial air travel, airline fleet changes or airline purchasing decisions, which could cause lower demand for our goods and services; product specification costs and requirements, which could cause an increase to our costs to complete contracts; governmental and regulatory demands, export policies and restrictions, reductions in defense, space or homeland security spending by US and/or foreign customers or competition from existing and new competitors, which could reduce our sales; our ability to introduce new products and services at profitable pricing levels, which could reduce our sales or sales growth; product development or manufacturing difficulties, which could increase our product development and manufacturing costs and delay sales; cybersecurity events or other disruptions of our information technology systems
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