Heico Corp (HEI) Q2 2016 10-Q Quarterly Earnings

Short answer

Heico Corp (HEI) filed its Q2 2016 10-Q quarterly report on May 27, 2016 for the quarter ended Apr 30, 2016.

AI summary of MD&A and risk factor updates

Q2 revenue $350.6M, up 20% YoY from $291.4M
Gross margin 38.2% vs 36.2%; operating margin 19.0% vs 19.1% YoY
ETG strongest: revenue $132.6M, up 46%; operating income $33.4M, up 50%
Operating cash flow $102.7M; acquisitions $263.8M and capital expenditures $15.5M
Fiscal 2016 guidance raised: revenue growth 15%-17%, net income growth 12%-14%; softer component repair demand expected

No material-change statement or Risk Factors section provided in the filing text
Acquisition integration risk: Robertson acquired January 11, 2016, contributing $29.5 million sales and $3.8 million net income
Regulatory and compliance risk: Revolving credit facility subject to financial and non-financial covenants
Market risk: Contingent consideration depends on subsidiary earnings and revenue growth assumptions ranging from (3%) to 11%
Financial risk: Revolving-credit borrowings increased to $560.6 million from $365.2 million at October 31, 2015

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

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