Heico Corp (HEI) Q1 2016 10-Q Quarterly Earnings

Short answer

Heico Corp (HEI) filed its Q1 2016 10-Q quarterly report on Feb 29, 2016 for the quarter ended Jan 31, 2016.

AI summary of MD&A and risk factor updates

Revenue $306.2M, up 14% YoY from $268.2M
Gross margin 36.6% vs 35.0%; operating margin 17.2% vs 17.3%
Best segment ETG: revenue $104.2M, up 17%; worst product line repair and overhaul, sales down $5.1M
Operating cash flow $45.2M vs $29.5M; acquisitions $264.3M and capital expenditures $5.7M
Fiscal 2016 guidance raised: revenue growth 14%-16%, net income growth 10%-13%; moderate organic growth expected in FSG and ETG

Newly added acquisition risk: Robertson purchase funded with revolving credit proceeds, adding $253.2 million of consideration and integration exposure
Financial leverage risk: Revolving-facility borrowings increased to $592.7 million from $365.2 million after the Robertson acquisition
Foreign-currency risk: Translation losses reduced accumulated other comprehensive income by $2.5 million during the quarter
Contractual contingent-consideration risk: Fiscal 2015 acquisition liability reached $21.9 million, including $6.6 million expected in the second quarter
Compliance risk: Revolving credit facility includes financial and non-financial covenants, though HEICO remained compliant as of January 31, 2016

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

Compare quarters, check guidance or see what insiders and funds did around the report.