Heico Corp (HEI) Q1 2015 10-Q Quarterly Earnings

Short answer

Heico Corp (HEI) filed its Q1 2015 10-Q quarterly report on Feb 26, 2015 for the quarter ended Jan 31, 2015.

AI summary of MD&A and risk factor updates

Revenue $268.2M, up 1% YoY from $266.8M, led by ETG sales of $89.2M, up 2%
Operating margin 17.3% vs 18.9% YoY; gross margin 35.0% vs 34.5%
Best segment ETG revenue $89.2M, worst operating income $19.4M, down 15% YoY
Operating cash flow $29.5M, down from $33.5M; acquisitions $49.3M and capital expenditures $4.3M
Fiscal 2015 guidance maintained: net sales and net income growth of 8%-10%; industrial-product demand remains a headwind

New acquisition-related risk: Aeroworks and Harter added put rights, potentially requiring cash purchases beginning fiscal 2019 and fiscal 2020
Most material updated risk: contingent consideration increased to $21.7 million following acquisitions, with payments tied to earnings objectives
Regulatory risk: unrecognized tax benefits increased to $931,000, exposing HEICO to potential tax expense if positions fail
Operational risk: Aeroworks production facilities in Thailand and Laos increased exposure to foreign operating disruptions
Financial risk: Euro borrowing of €32 million created $36.2 million foreign-currency debt exposure at January 31, 2015

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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