Heico Corp (HEI) Q3 2017 10-Q Quarterly Earnings

Short answer

Heico Corp (HEI) filed its Q3 2017 10-Q quarterly report on Aug 25, 2017 for the quarter ended Jul 31, 2017.

AI summary of MD&A and risk factor updates

Q3 revenue $391.5M, up 10% YoY from $356.1M, led by FSG revenue $258.0M, up 16%
Operating margin 19.4% vs 19.6% YoY; gross margin 38.0% vs 37.5%
Best segment ETG: operating margin 28.0% vs 24.7%; worst FSG margin 18.1% vs 18.9%
Operating cash flow $179.3M, up from $172.4M; acquisitions used $95.8M and capital expenditures $20.4M
Fiscal 2017 guidance raised: revenue growth 9%-11%, net income growth 14%-16%; defense delays remain a headwind

No new risk factors identified, the provided 10-Q contains no Risk Factors section or 10-K comparison
Acquisition integration risk: AAT purchase price approximately $317 million, subject to governmental approval
Regulatory risk: AAT transaction requires governmental approval before expected fourth-quarter fiscal 2017 closing
Liquidity risk: Revolving credit facility borrowings $431.7 million mature in fiscal 2019
Currency risk: Euro-denominated borrowings €32 million, equivalent to $37.7 million at July 31, 2017

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

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