HEICO Corporation (NYSE:HEI) Q3 Fiscal 2021 Earnings Conference Call August 25, 2021 9:00 AM ET
Company Participants
Lawrence Mendelson – Chairman and CEO
Eric Mendelson – Co-President and President
Victor Mendelson – Co-President and President
Carlos Macau – Executive Vice President and CFO
Conference Call Participants
Larry Solow – CJS Securities
Josh Sullivan – Analyst
Peter Arment – Baird
Michael Ciarmolli – Truist Securities
Sheila Kahyaoglu – Analyst
Gautam Khanna – Cowen
Noah Poponak – Goldman Sachs
Louis Raffetto – UBS
Operator
Welcome to the HEICO Corporation Third Quarter Fiscal Earnings conference call. My name is Justin and I will be your conference operator for today.
Certain statements in today's 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 as a result of factors including the severity, magnitude, and duration of the COVID-19 pandemic. High-cost liquidity and the amount of and timing of cash generation, lower commercial air travel caused by the COVID-19 pandemic and its aftermath.
Airline fleet changes or airline purchasing decisions, which could cause lower demands for our goods and services, product specification costs and requirements, which should cause an increase to our cost to complete contracts. Governmental and regulatory demands, export policies, and restrictions. Reduction in defense, space, or homeland security spending by U.S.
and or foreign customers, or a combination from existing and new competitors. Which could reduce sales which could reduce our sales or 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 [Inaudible] sales.
Our ability to make acquisitions and achieve operating synergies from acquired businesses, customer credit
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