Latest news with #LauransMendelson
Associated Press
2 days ago
- Business
- Associated Press
HEICO Corporation Increases Cash Dividend By 9%
$.12 per share cash dividend declared HOLLYWOOD, FL / ACCESS Newswire / June 11, 2025 / HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) today announced that its Board of Directors declared a $.12 per share semiannual cash dividend payable on all shares of its Class A Common Stock and its Common Stock. The amount is 9% greater than the Company's last cash dividend of $.11 per share paid earlier this year. The dividend is HEICO's 94th consecutive semiannual cash dividend since 1979. The dividend is payable on July 15, 2025 to all shareholders of record on July 1, 2025. Laurans A. Mendelson, HEICO's Executive Chairman, along with Eric A. Mendelson and Victor H. Mendelson, HEICO's Co-Chief Executive Officers, remarked, 'HEICO's results have been excellent and we are very excited about the Company's promising outlook. Accordingly, our Board of Directors continued its history of periodically increasing HEICO's dividend. All HEICO Team Members participating in the Company's 401K plan will share in the dividend through their share ownership in the plan, which recognizes our remarkable people.' HEICO Corporation is engaged primarily in the design, production, servicing and distribution of products and services to certain niche segments of the aviation, defense, space, medical, telecommunications and electronics industries through its Hollywood, Florida-based Flight Support Group and its Miami, Florida-based Electronic Technologies Group. HEICO's customers include a majority of the world's airlines and overhaul shops, as well as numerous defense and space contractors and military agencies worldwide, in addition to medical, telecommunications and electronics equipment manufacturers. For more information about HEICO, please visit our website at Certain statements in this press release 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, among others: the severity, magnitude and duration of public health threats, such as the COVID-19 pandemic; our 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 U.S. 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; cyber security events or other disruptions of our information technology systems could adversely affect our business; and our ability to make acquisitions, including obtaining any applicable domestic and/or foreign governmental approvals, and achieve operating synergies from acquired businesses; customer credit risk; interest, foreign currency exchange and income tax rates; and economic conditions, including the effects of inflation, within and outside of the aviation, defense, space, medical, telecommunications and electronics industries, which could negatively impact our costs and revenues. Parties receiving this material are encouraged to review all of HEICO's filings with the Securities and Exchange Commission including, but not limited to, filings on Form 10-K, Form 10-Q and Form 8-K. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by applicable law. Contacts: Victor H. Mendelson (305) 374-1745 ext. 7590 Carlos L. Macau, Jr. (954) 987-4000 ext. 7570 SOURCE: HEICO Corporation press release
Yahoo
28-05-2025
- Business
- Yahoo
Why Heico Stock Is Up Today
Heico beat expectations for the quarter, and said momentum should continue into the second half of the year. This stock never looks cheap, but Heico has a long history of outperforming the market. 10 stocks we like better than Heico › Component manufacturer Heico (NYSE: HEI) delivered better-than-expected quarterly results. Investors are buying in, sending Heico shares up 7% as of 11 a.m. ET. Heico is a maker of electrical components and other parts for aerospace and other industries. The company earned $1.12 per share in its fiscal second quarter ending April 30 on revenue of $1.1 billion, topping Wall Street's $1.04 per share on sales of $1.06 billion estimate. Revenue was up 15% year over year, and cash flow from operations grew by 45% to $204.7 million. In a statement, Laurans Mendelson, the company's executive chairman, and co-CEOs Eric Mendelson and Victor Mendelson said, "We remain confident in achieving net sales growth" throughout the remainder of fiscal 2025, including organic growth and the additions of recently completed acquisitions. Heico, along with TransDigm Group, have set the standard in the aerospace industry for using roll-up models to generate substantial long-term overperformance. The momentum at Heico shows no sign of stopping, with the executive team saying they see opportunities for "strategic acquisitions and organic growth" up ahead. With global commercial aviation projected to grow at a steady clip over the next decade, there should be plenty of sales opportunities for these parts businesses. Heico thanks to its track record never looks cheap and today trades at an enterprise value that is 35 times expected earnings before interest, taxes, depreciation, and amortization (EBITDA). But the company has proven it is able to live up to high expectations. For investors interested in buying into commercial aviation but don't want to pick between airlines, Heico stock is a great way to get exposure to the sector. Before you buy stock in Heico, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Heico wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,389!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $830,492!* Now, it's worth noting Stock Advisor's total average return is 982% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Lou Whiteman has positions in TransDigm Group. The Motley Fool recommends Heico and TransDigm Group. The Motley Fool has a disclosure policy. Why Heico Stock Is Up Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
