HEICO Corporation's (HEI) CEO Laurans Mendelson on Q1 2022 Results - Earnings Call Transcript

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Q1: 2022-02-23 Earnings Summary

EPS of $0.63 beats by $0.02
 | Revenue of $490.34M (17.33% Y/Y) misses by $3.17M

HEICO Corporation (NYSE:HEI) Q1 2022 Earnings Conference Call February 24, 2022 9:00 AM ET

Company Participants

Laurans Mendelson - Chairman & Chief Executive Officer
Eric Mendelson - Co-President & President of Flight Support Group
Victor Mendelson - Co-President & President of Electronic Technologies Group
Carlos Macau - Executive Vice President & Chief Financial Officer

Conference Call Participants

Robert Spingarn - Melius Research
Peter Arment - Baird
Pete Skibitski - Alembic
Lee Jagoda - CJS Securities
Ken Herbert - RBC Capital Markets
Michael Ciarmoli - Truist Securities
Kristine Liwag - Morgan Stanley
Colin Ducharme - Sterling Capital Management
Gautam Khanna - Cowen
Ron Epstein - Bank of America
Ellen Page - Jefferies
Louis Raffetto - UBS

Operator

Welcome to HEICO's Fiscal Year 2022 First Quarter Earnings Results Conference Call. My name is Polly and I will be the operator assisting today.

Certain statements made during this call will constitute forward-looking statements which are subject to risks, uncertainties and contingencies. HEICO's actual results may differ materially from those expressed and/or implied by those forward-looking statements as a result of factors including but not limited to, the severity, magnitude and duration of the pandemic, HEICO's liquidity and the amount and timing of cash generation; lower commercial air travel caused by the pandemic and it's aftermath; 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 delayed sales; our

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