Heico Corp (HEI) Q2 2018 10-Q Quarterly Earnings

Short answer

Heico Corp (HEI) filed its Q2 2018 10-Q quarterly report on May 31, 2018 for the quarter ended Apr 30, 2018.

AI summary of MD&A and risk factor updates

Q2 revenue $430.6M, up 17% YoY from $368.7M
Operating margin 21.3% vs 20.8% YoY; effective tax rate 23.6% vs 32.0%
ETG strongest segment: revenue $168.7M, up 20%; operating margin 28.5% vs 27.5%
Operating cash flow $95.0M; acquisitions $39.4M and capital expenditures $29.5M
FY2018 guidance raised: revenue growth 13%-14%, net income growth 33%-35%; headwinds include commercial-air-travel demand and defense budget cuts

No material changes to 10-K risk factors identified in the provided excerpt
Regulatory risk: Tax Cuts and Jobs Act provisions, including GILTI and FDII, become effective for HEICO in fiscal 2019
Operational risk: ASU 2014-09 may accelerate revenue recognition for certain production and repair contracts
Financial risk: $681 million revolving-credit borrowings mature in fiscal 2023
Market risk: Contingent consideration fair value declined to $9.9 million amid less favorable projected market conditions

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

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